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How Renko charts look on Credit spreads, much more objective - 0.03% brick

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  • AP Offline
    ap1963@gmail.comA Offline
    AP

    Pro User

    wrote on last edited by [email protected]
    #1

    19500PE_CrSp+Renko.jpg Keep observing such charts; keep experimenting.! 19500 PE credit spread and 19800 CE Credit spread charts 19500PE_CrSp+Renko.jpg 19800CE_CrSp+Renko.jpg

    1 Reply Last reply
    3
  • A Offline
    A Offline
    Ashish Gupta
    wrote on last edited by
    #2

    Sir, how to plot these charts on TP Desktop

    ap1963@gmail.comA 2 Replies Last reply
    0
  • D Offline
    D Offline
    Davinder Sachdeva

    Pro User

    wrote on last edited by
    #3

    How the value is coming to around 9800? it should be around 100?

    ap1963@gmail.comA 2 Replies Last reply
    0
  • AP Offline
    ap1963@gmail.comA Offline
    AP

    Pro User

    replied to Davinder Sachdeva on last edited by
    #4

    @Davinder Sachdeva These spreads are on a negative scale and hence plotting is done by subtracting the value from 10000

    D 1 Reply Last reply
    1
  • AP Offline
    ap1963@gmail.comA Offline
    AP

    Pro User

    replied to Ashish Gupta on last edited by
    #5

    @Ashish Gupta Multi-leg--Renko, select monthly ATM short and 300 away OTM long

    A 1 Reply Last reply
    0
  • D Offline
    D Offline
    Davinder Sachdeva

    Pro User

    replied to AP on last edited by
    #6

    @AP Thank you so much!

    1 Reply Last reply
    0
  • A Offline
    A Offline
    Ashish Gupta
    replied to AP on last edited by
    #7

    @AP Thanks Sir

    1 Reply Last reply
    0
  • G Offline
    G Offline
    Ganesh Bedarkar
    wrote on last edited by
    #8

    In R zone multi leg renko chart in the brick size is only show absolute or ATR not in percentage .

    1 Reply Last reply
    0
  • T Offline
    T Offline
    Tapan Jani

    Pro User

    wrote on last edited by
    #9

    Yes this chart not getting plotter properly in R ZONE @AP sir

    1 Reply Last reply
    0
  • A Offline
    A Offline
    Anil Kumar Pandey
    wrote on last edited by
    #10

    @AP Sir, Can you please elaborate on the entry/exit rule based on Renko. My understanding was on line chart.

    1 Reply Last reply
    0
  • A Offline
    A Offline
    Anil Bilawala

    Pro User

    wrote on last edited by
    #11

    @AP That means the price chart of credit spread should rise instead of fall, unlike the straddle or strangle charts that drift downwards?

    ap1963@gmail.comA 1 Reply Last reply
    0
  • A Offline
    A Offline
    Anil Bilawala

    Pro User

    wrote on last edited by
    #12

    What should be the settings in P&F Multi Leg charts similar to 0.5% Straddle/ Strangle charts

    1 Reply Last reply
    0
  • RAGUNATH_AG Offline
    agragunath@gmail.comA Offline
    RAGUNATH_AG

    Pro User

    wrote on last edited by
    #13

    Box Size for P&F multi leg is 0.01%

    ap1963@gmail.comA 1 Reply Last reply
    0
  • AP Offline
    ap1963@gmail.comA Offline
    AP

    Pro User

    replied to Davinder Sachdeva on last edited by
    #14

    @Davinder Sachdeva its difficult to plot negative scale on PnF and renko; hence the spread value has been subtracted from 10000

    1 Reply Last reply
    0
  • AP Offline
    ap1963@gmail.comA Offline
    AP

    Pro User

    replied to Ashish Gupta on last edited by
    #15

    @Ashish Gupta I have explained it above

    1 Reply Last reply
    0
  • AP Offline
    ap1963@gmail.comA Offline
    AP

    Pro User

    replied to RAGUNATH_AG on last edited by
    #16

    @RAGUNATH_AG PnF is 0.01 or 0.015, for Renko, it can be 0.02 or 0.03

    1 Reply Last reply
    0
  • AP Offline
    ap1963@gmail.comA Offline
    AP

    Pro User

    replied to Anil Bilawala on last edited by
    #17

    @Anil Bilawala on the chart, yes, but the main leg is the short option, which falls

    1 Reply Last reply
    0


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