Support Board
Date/Time: Wed, 27 Nov 2024 21:37:59 +0000
Post From: Outside bar on a Renko chart
| [2023-07-05 01:12:44] |
| Sawtooth - Posts: 4120 |
|
would those bars not count as outside bars?
An Outside Bar is a bar that has a higher High and a lower Low than those of the previous bar, so yes.However, with Renko bars, the formula for an Outside Bar is more complex: =OR( AND(ID0.SG23>ID0.SG22, MAX(H,ID0.SG23)>MAX(H[-1],ID0.SG23[-1]), MIN(L,ID0.SG22)<MIN(L[-1],ID0.SG22[-1])), AND(ID0.SG23<ID0.SG22, MAX(H,ID0.SG22)>MAX(H[-1],ID0.SG22[-1]), MIN(L,ID0.SG23)<MIN(L[-1],ID0.SG23[-1])) ) |