Renko Charts with Wicks, Volume, Spread, and Asymmetric Reversals

Summary

This document describes a Renko chart indicator that builds price bricks using a user-selected size convention: ticks, pips, points, or an R-based setting. It includes wicks and reports additional information such as time, volume, and spread. The listed development history mentions performance changes, chart reload handling, custom-symbol generation, volume and gap-color support, and later adjustments for asymmetric reversals and wick sizing.

The material explains the indicator’s available features, not a complete trading strategy. It gives no market tests, performance results, parameter guidance, or comparison with time-based charts. Renko displays also depend on brick sizing and reversal rules, so the view of price action can vary with configuration; the page does not quantify that effect or establish that the indicator predicts future moves. It is best read as a feature overview for constructing and inspecting Renko charts, with implementation changes summarized in the dated history.

Key ideas

• Renko bricks can be sized in ticks, pips, points, or R units.
• The indicator supports wicks and displays time, volume, and spread information.
• Its development history includes support for custom symbols and volume handling.
• Asymmetric reversal settings alter how price changes form new bricks.
• The document offers no evidence that the chart features create a profitable strategy.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.