This is another implementation of Renko Chart as an indicator. It has very fast algorithm so do not wastes your CPU's resources yet it can be embedded on your trading chart with other indicators as well. You may know Renko chart is a traditional Japanese trading chart and it is very useful in eliminating noise from your chart.

Parameters

• dp (double) This is the size of the Renko Chart' s building bricks.

TIP

if you set dp = 0.0 then this indicator uses ATR(14) as the building bricks size.