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Post# of 2124
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Re: renkoron post# 1922

Monday, 08/18/2008 6:00:32 PM

Monday, August 18, 2008 6:00:32 PM

Post# of 2124
ron....I think you suggested it. The renkos are price dependent, and independent of time. The overlays pick off the real-time price, while the renkos only show the filling of the price box..so the real-time price may be higher or lower than what the renko bricks seem to indicate. Since all the indicators are following price, there "appears" to be a non-correlation to the renko bricks.

Frankly, I don't know how to prove that mathematically, but logically, it seems to fit.

Further on the trend attributes of the renkos..when there is a trend change we will be the first to know (grin).....that is, unless we jump the gun by using too small box size, etc.


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