Tutorial 35

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.

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Paint Bar tutorial.

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Background Color tutorial.

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Stop Loss tutorial.

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Steepness Background tutorial.

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Steepness tutorial.

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Phase tutorial.

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Intensity tutorial.

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Template Alerts tutorial.

Tutorial 18:
Several indicators acting together tutorial.

Tutorial 19:
Tops and Bottoms indicator tutorial.

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Angle indicator tutorial.

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Bear & Bull Powers indicator tutorial.

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Histogram indicator tutorial.

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Strength indicator tutorial.

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Volatility indicator tutorial.

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Trends tutorial.

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Technicals indicator tutorial.

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Energy indicator tutorial.

Tutorial 28:
Chain indicator tutorial.

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Trading tutorial.

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Probability tutorial.

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Odds tutorial.

Tutorial 32:
Performance tutorial.

Tutorial 33:
Volume tutorial.

Tutorial 34:
Multi Time Frame tutorial.

Tutorial 36:
Compare Forex tutorial.

Tutorial 37:
Forex Board tutorial.

Tutorial 38:
Forex Strategy tutorial.

Tutorial 39:
Currencies tutorial.

Tutorial 40:
Compare Crypto tutorial.

Tutorial 41:
Crypto Board tutorial.

Tutorial 42:
Crypto Strategy tutorial.

Tutorial 43:
Compare Stocks tutorial.

Tutorial 44:
Stocks Board tutorial.

Tutorial 45:
Trend lines drawing tutorial.

Tutorial 46:
Renko chart tutorial.

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