JustUncleL

Renko Bar Time by JustUncleL

This indicator in designed to be used with Renko and other price only bars (ie Kagi, LineBreak, Point&Figure) and shows the number of minutes a bar was open before it was confirmed and printed.

NOTE: It will only work on currencies and symbols that are in the 24/5 market, it does account for weekend market close time but does not account for any Forex market holiday close times.

HINTS:
  • When the BAR TIME is long and the Renko Bricks have wicks, this is an indication of consolidation.
  • When the BAR TIME is short and the Renko Bricks have no wicks, this is an indication of acceleration.
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JustUncleL
Awesome! and a great way to see when price is moving fast! :)
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Is there a way to scale the y-axis values differently?
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@topfazio, In what way? Currently the y-axis represents minutes...what would you want to change too?
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I love this add-on for the renko!!
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