Thanks to all who answer.
I have attached two pictures of renko bars, in both the setting is that each bar is 10 pips in size (PIPS not ATR). On the same setting, why is the 4-hour chart is different from the daily chart ?
Why do we see red bars marked with an arrow in the 4-hour chart , but not in the daily chart ? again in both charts each bar is 10 pips.
If time should not have an effect on renko bars why are the chart different?
I have attached two pictures of renko bars, in both the setting is that each bar is 10 pips in size (PIPS not ATR). On the same setting, why is the 4-hour chart is different from the daily chart ?
Why do we see red bars marked with an arrow in the 4-hour chart , but not in the daily chart ? again in both charts each bar is 10 pips.
If time should not have an effect on renko bars why are the chart different?