Increment in atemporal periods

The increment consists of a fixed value that is considered for each variation in atemporal charts.

In this case, the minimum variation of the asset will not always be the value used to form the variations of atemporal charts.

The platform uses the increment in atemporal charts for better tracking of graphical movements, as assets with high volatility and many decimal places can experience large price fluctuations.

 

In time-based charts, each candle is closed after the selected time period (e.g., 1 min, 5 min, 10 min).

In atemporal charts, each candle or box is formed based on price variation (e.g., Renko/Range).

In time-based charts, gaps may exist, as shown in the example below, where we use a 5-minute period for USATEC. You can observe that some gaps may appear between the candles:

 

The situations highlighted in the image above may be caused by auctions or periods where there was no liquidity.

In Renko charts, we see some candles without wicks and with a darker color. These are candles that do not reflect a market situation, but are displayed in Renko and Range charts to fill the gap period mentioned, as shown in the example below:

To adjust your strategies, you need to check the specific increment for each asset by accessing the menu View > Asset Information.

In the next window, the increment quantity of the selected asset will be displayed, as shown in the example below where we are using the asset USATEC:

 

Renko Formation

Each Renko box is formed based on the following calculation:

Renko Size = (Tick Size x (Renko Timeframe - 1)).

Using USATEC as an example:

• Tick Size = 10
• Renko Timeframe = 10R

Renko Size = 10 x (10 - 1) = 90 points

Note: For the CME exchange, the "Tick Size" information does not match the increment used. In this case, the formation of atemporal charts may follow a different pattern depending on the asset being viewed.

 

 

Was this content helpful?
Please rate us down below.