I believe the calculation is off the low of the prior bar so the
GDX closed at 60 even on 12/1 which would make the low 59.40.
So to get two bars the GDX would have to be 1.20 below 59.40 or
pressing below 58.20 which we are very close to but have not yet
breached. Hope that helps. If someone watches the GDX
and refreshed the Renko to check that I would appreciate an update
if I am correct.
I believe the calculation is
GDX renko charts
Posted by tom on 2nd of Dec 2011 at 03:48 pm
I believe the calculation is off the low of the prior bar so the GDX closed at 60 even on 12/1 which would make the low 59.40. So to get two bars the GDX would have to be 1.20 below 59.40 or pressing below 58.20 which we are very close to but have not yet breached. Hope that helps. If someone watches the GDX and refreshed the Renko to check that I would appreciate an update if I am correct.
looks like we won' get
Posted by tom on 2nd of Dec 2011 at 03:56 pm
looks like we won' get a chance to verify.