How Renko charts look on Credit spreads, much more objective - 0.03% brick
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Keep observing such charts; keep experimenting.! 19500 PE credit spread and 19800 CE Credit spread charts 19500PE_CrSp+Renko.jpg
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Sir, how to plot these charts on TP Desktop
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How the value is coming to around 9800? it should be around 100?
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@Davinder Sachdeva These spreads are on a negative scale and hence plotting is done by subtracting the value from 10000
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@Ashish Gupta Multi-leg--Renko, select monthly ATM short and 300 away OTM long
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@AP Thank you so much!
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@AP Thanks Sir
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In R zone multi leg renko chart in the brick size is only show absolute or ATR not in percentage .
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Yes this chart not getting plotter properly in R ZONE @AP sir
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@AP Sir, Can you please elaborate on the entry/exit rule based on Renko. My understanding was on line chart.
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@AP That means the price chart of credit spread should rise instead of fall, unlike the straddle or strangle charts that drift downwards?
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What should be the settings in P&F Multi Leg charts similar to 0.5% Straddle/ Strangle charts
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Box Size for P&F multi leg is 0.01%
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@Davinder Sachdeva its difficult to plot negative scale on PnF and renko; hence the spread value has been subtracted from 10000
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@Ashish Gupta I have explained it above
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@RAGUNATH_AG PnF is 0.01 or 0.015, for Renko, it can be 0.02 or 0.03
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@Anil Bilawala on the chart, yes, but the main leg is the short option, which falls