The algorithm takes into account rapid brick production within a single time candle and adjusts accordingly. The output may vary slightly between different chart time frames for the same indicator settings, but this is due to the lack of price fluctuation visibility that can occur in higher chart time frames. If the brick tick size is low, an appropriate chart interval should be selected that maximizes the amount of price visible to the indicator. A bad setting would be something like a 1 tick EURUSD Renko setting on an H4 chart, there simply is no way to derive the exact and ordered price fluctuations in a single H4 candle, 1 pip at a time. A more appropriate chart time frame would be 1-3 minutes for this selected Renko brick size.
- Updated volatile brick algorithm. The strategy should perform better when switching to higher timeframes for low tick brick sizes. It is difficult to garner information from a single time candle that can blast through both the upper and lower next brick thresholds. It takes careful design to maximize the accuracy in these cases.
- Renko RSI and Renko Trend Momentum indicators also updated with some neat additions.
- Added color themes to match other Divine family indicators.
- Updated renko chart recognition formulas.