Tutorial 34

MultiRenko

This tutorial will cover how to use the 'MultiRenko' indicator.

 

 

 

Add the 'MultiRenko' indicator to your chart.

'MultiRenko' displays 8 RENKO charts into a single panel.

• When everything ligns up, the background paints in blue or red.
• When flat, white dots appear.

When no content appears, your renko box sizes are 100 times too small or too large for the chosen instrument or timeframe. A message then appears informing you of the ATR (Average True Range) suggesting the average box size to set. Example: Adjust Renko Box Sizes. ATR is: 0.00025 while Box Sizes are currently set from 1 to 8

Access the settings of the 'MultiRenko' indicator.

For most Forex charts, set the Box Sizes 1 to 8 from 0.0001 to 0.0008 or slightly higher. Try different box sizes and choose your preferred ones. Setting bigger box sizes compares to choosing slower time frames. Stock and crypto charts greatly vary in prices, so adjust your Renko box sizes accordingly. *Note that the ATR always appears at the top right of the 'MultiRenko' indicator. This helps to estimate the average box size range to set.

Hint: Combine 'MultiRenko' with 'MultiTimeFrame'. Try to find the box sizes that make both of them match.

Have Fun! ;-)

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Introduction

Tutorial 1:
TradingView username

Tutorial 2:
TradingView overview.

Tutorial 3:
Chart Set-up and Layout tutorial.

Tutorial 4:
Adding the trading template and indicators tutorial.

Tutorial 5:
Setting up your chart as seen in the video tutorial.

Tutorial 6:
Template tutorial.

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Template strategies tutorial.

Tutorial 8:
Paint Bar tutorial.

Tutorial 9:
Waves tutorial.

Tutorial 10:
Cloud tutorial.

Tutorial 11:
Background Color tutorial.

Tutorial 12:
Stop Loss tutorial.

Tutorial 13:
Steepness Background tutorial.

Tutorial 14:
Steepness tutorial.

Tutorial 15:
Phase tutorial.

Tutorial 16:
Intensity tutorial.

Tutorial 17:
Template Alerts tutorial.

Tutorial 18:
Several indicators acting together tutorial.

Tutorial 19:
Tops and Bottoms indicator tutorial.

Tutorial 20:
Angle indicator tutorial.

Tutorial 21:
Bear & Bull Powers indicator tutorial.

Tutorial 22:
Histogram indicator tutorial.

Tutorial 23:
Strength indicator tutorial.

Tutorial 24:
Volatility indicator tutorial.

Tutorial 25:
Trends tutorial.

Tutorial 26:
Technicals indicator tutorial.

Tutorial 27:
Energy indicator tutorial.

Tutorial 28:
Chain indicator tutorial.

Tutorial 29:
Trading tutorial.

Tutorial 30:
Probability tutorial.

Tutorial 31:
Odds tutorial.

Tutorial 32:
Volume tutorial.

Tutorial 33:
Multi Time Frame tutorial.

Tutorial 35:
Compare Forex tutorial.

Tutorial 36:
Forex Board tutorial.

Tutorial 37:
Forex Strategy tutorial.

Tutorial 38:
Compare Crypto tutorial.

Tutorial 39:
Crypto Board tutorial.

Tutorial 40:
Crypto Strategy tutorial.

Tutorial 41:
Compare Stocks tutorial.

Tutorial 42:
Stocks Board tutorial.

Tutorial 43:
Trend lines drawing tutorial.

Tutorial 44:
Renko chart tutorial.

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