givemefood
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How about range bars?
Archives: RSM Indicator for ThinkorSwim
- Thread starter cos251
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Renko_Ranger
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When it comes to getting indicators to work with Renko (even when they're not designed to) most of the time you simply need to reduce the tick count for the Renko bricks. For example, if you're running 5 tick Renko and the error message on the chart tells you that "more bars are needed" to view the study, adjust your Renko to either ATR, 2 or 3 ticks, this will increase the number of bars and should get the indicator to show something. That said, you may find Range Bars easier to work with when it comes to indicators. Range bars provide a slightly better view of what price action is doing, while still eliminating the market noise associated with time based candlesticks. I recently switched from Renko to Range Bars and it has worked out much better for me.
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