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BIG drawback with Renkos
To eSignal and all Traders who use Renko in trading,
as much as beautiful Renkos are, they are lagging lagging lagging.
e.g. in a Candle chart with a 10 minute period the first candle starts at 9:30. In this candle all price action during this period is displayed until the next candle 10 minutes later.
However a Renko with a 10 minute period does not display price action until the next 10 minutes. That is if it's past 10:20 the Renko's showing data from 10:10 to 10:20. There's no new data/price until 10:30.
Renkos gave perfect entry and exit signals if they were real-time.
Is this "just" a data feed issue, or is this the way I get it, and not better?
Linus
as much as beautiful Renkos are, they are lagging lagging lagging.
e.g. in a Candle chart with a 10 minute period the first candle starts at 9:30. In this candle all price action during this period is displayed until the next candle 10 minutes later.
However a Renko with a 10 minute period does not display price action until the next 10 minutes. That is if it's past 10:20 the Renko's showing data from 10:10 to 10:20. There's no new data/price until 10:30.
Renkos gave perfect entry and exit signals if they were real-time.
Is this "just" a data feed issue, or is this the way I get it, and not better?
Linus