Is it possible to get the renko candle display along with the normal trading candles?

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Vernon Petty
Answered 2 years, 4 months ago
<p id="isPasted">Yes, it's possible to display Renko candles along with the normal trading candles on the MetaTrader platform.</p><p>To do this, you can follow these steps:</p><ol><li>First, you need to install the Renko chart indicator on your MetaTrader platform. You can find various Renko chart indicators available for download on the MQL5 website or through the MetaTrader market.</li><li>Once you have installed the Renko chart indicator, you can apply it to your chart by opening the chart of the desired financial instrument and selecting the Renko chart indicator from the "Navigator" panel on the left side of the platform.</li><li>The Renko …</li></ol>
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Charles Groth
Answered 2 years, 4 months ago
<p id="isPasted">Yes, it is possible to display Renko candles along with the normal trading candles on a chart. Renko charts are a type of chart used in technical analysis that is created by using bricks, or blocks, to represent price movements. These blocks are only added to the chart when the price has moved a certain amount in a particular direction. This is in contrast to traditional candlestick charts that display each candle based on a fixed time period, such as a day or hour.</p><p>To display Renko candles along with normal trading candles, traders can use charting software that supports …</p>
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Thomas Ball
Answered 2 years, 1 month ago
<p id="isPasted">Renko charts are a type of charting technique that focuses on price movement rather than time. Each Renko candle represents a fixed price movement, and a new candle is formed only when the price surpasses the specified movement threshold. On the other hand, traditional trading candles (such as candlestick charts or bar charts) display price information over a specific time period.</p><p>To display both Renko candles and traditional trading candles together, you would typically need to choose a charting platform that offers the option to overlay or switch between different chart types. Some charting platforms allow you to add multiple …</p>
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Charles Farley
Answered 1 year, 4 months ago
<p>Not possible &nbsp;</p><p>The chart would progress based on time (1M) but Renko charts progress based on price movement. So if you used a 10 renko chart &amp; price moved 30 pips higher then dropped 10 pips all within 1 minute, you would have just 1 "minute" bar but you'd have 3 renko bars with 2 "up" bars and then 1 "down" bar stacked on top of the higher "up" bar. &nbsp;As soon as a Renko bar is printed, the chart should progress by 1 click. So how do you print another Renko bar if the 1-minute time frame isn't …</p>