Different Types of Renko Bars

InterChart Tools Renko Bars - are created based on a specified change in price that moves either up or down.

InterChart Tools Volume Bars - are created based on the exchange of a specified minimum number of shares or contracts that move either up or down.

InterChart Tools Money Bars - are created based on the exchange of a specified amount of money stated in thousands of dollars that is calculated by multiplying the price times the number of shares/contracts that move either up or down.

The InterChart Tools Renko bars are virtual bars that are able to generate trading signals and perform their calculations using the same methods as traditional Renko bars. Once a trading signal is generated by any of the Ict Renko bars, both the trade and fill are correctly displayed on the open of the next bar of the base chart.  These virtual Renko bars may be optimized.