Red Renko candle and green volume bar?

To add comments, please log in or register
Trading Connector
267
Trading Connector  

Guys, how do I interpret this: Renko candle is red (bearish) and volume bar is green (bullish)? What does it mean?

Note: these are Renko bricks, I'm using OVO.CZ to display them. And Volume indicator is the Volume indicator standard for MT4.

Alain Verleyen
39054
Alain Verleyen  
And why not ? volume has nothing to do with Renko bar. A green volume bar just mean the volume on this bar was higher than the previous bar.
Trading Connector
267
Trading Connector  
Alain Verleyen:
And why not ? volume has nothing to do with Renko bar. A green volume bar just mean the volume on this bar was higher than the previous bar.

I think this is exactly the answer I needed - explains everything. Thanks Alain!

To add comments, please log in or register