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NT Renko Candle

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    NT Renko Candle

    Hello,

    Waht is the diffference in formation of default Renko bars and NTREnko candles?

    I have been searching in the forum but I can´t find anything about NT Renko Candles

    Thanks

    Sincerely

    #2
    Originally posted by dvercher View Post
    Hello,

    Waht is the diffference in formation of default Renko bars and NTREnko candles?

    I have been searching in the forum but I can´t find anything about NT Renko Candles

    Thanks

    Sincerely
    The NTRenko candle open is offset back by half the brick size. It allows one to more clearly see a visual trend. Like standard Renko bars, it is useless for Backtesting. Actually, for Backtesting, NTRenko may be more deceptive.

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