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StepChart_v7.6 600+ indicator

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by , 07-09-2019 at 12:13 PM (113 Views)
Premium section indicator - StepChart_v7.6 600+ indicator

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The updated StepChart indicator with the new set of MAs for using in EAs.
This indicator can be used instead of famous Renko charts.

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First of all you should know that the Modern StepChart differs from the Renko chart because it uses OHLC prices instead of tick data. However we can note the old Renko charts (described by S.Nison) are based on the Daily Close prices. Because of that we can apply this indicator to any prices(Price=0...6) or to preliminary smoothed data.

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