Renko3 Alert

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Re: Renko3 Alert

Postby Apprentice » Mon Mar 21, 2016 4:55 am

Your request is added to the development list.
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Re: Renko3 Alert

Postby SenseClash » Wed Apr 20, 2016 1:39 am

Would anyone be willing to modify this Renko so that I can have the option of signaling when ANY new Renko candle is formed (even one in the SAME direction)?

The Renkos are enormously useful in detecting when there is market activity in general, not just a change in trend.
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Re: Renko3 Alert

Postby SenseClash » Wed Apr 20, 2016 1:59 am

I forgot to mention another benefit of having the Renko signal me at every candle, no matter what the color. Let's say I'm long. When I get a signal that's a continuation of a trend that I'm in, I can adjust my stop using a method other than Renkos. Otherwise, I'm waiting until the Renko changes color, and that can force me to give up a big chunk of profits--depending on how big my bricks are.
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