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With your renko bars can they be adjusted for a custom reversal size and wicks.
ie. $1 bars only reverse on $4 change in price.
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Rahul Chowdhury
Hey Ian,
Unfortunately, it's not current possible to set custom reversal sizes for Renko bars. Renko bar consolidators currently don't account for reversals and emit overlapping bars on reversals.
You can learn more about the features Renko bars have available in the API files for RenkoBar and RenkoConsolidator.
I've also attached a template RenkoConsolidator algorithm, which shows the properties of each bar emitted.
Best
Rahul
Ian Anderson
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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