What is the LogikUltimateRenko?
The LogikUltimateRenko is a completely customizable improved variant of the traditional Renko, as well as the LogikRenko BarType. The LogikUltimateRenko has all of the improvated functionality the LogikRenko has, with the added options to set the Open Price Relation (to the prior bar), a more precise Reversal Bricksize Control, and phantom bar drawing when using a larger Reversal Bricksize for improved indicator smoothing and response.
The LogikUltimateRenko requires TICK data to construct the bricks, and perform algorithmic calculations.
