givemefood
New member
How about range bars?
Archives: RSM Indicator for ThinkorSwim
- Thread starter cos251
- Start date
- Status
Renko_Ranger
Member
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.
- Status
Join useThinkScript to post your question to a community of 21,000+ developers and traders.
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| C | RSM Indicator for ThinkorSwim | Indicators | 94 | |
|
Repaints Cup and Handle Indicator for ThinkorSwim | Indicators | 23 | |
|
Z-Score Probability Indicator for ThinkOrSwim | Indicators | 29 | |
|
HTF PO3 Indicator For ThinkOrSwim | Indicators | 37 | |
| N | RSI - TSI Indicator For ThinkOrSwim | Indicators | 33 |
Similar threads
Similar threads
Similar threads
The Market Trading Game Changer
Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
- Exclusive indicators
- Proven strategies & setups
- Private Discord community
- ‘Buy The Dip’ signal alerts
- Exclusive members-only content
- Add-ons and resources
- 1 full year of unlimited support
Frequently Asked Questions
What is useThinkScript?
useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.
How do I get started?
We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.
If you are new, or just looking for guidance, here are some helpful links to get you started.
- The most viewed thread:
https://usethinkscript.com/threads/repainting-trend-reversal-for-thinkorswim.183/ - Our most popular indicator:
https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/ - Answers to frequently asked questions:
https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/
What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.