MASTER INDEX
  SEARCH
  CHARTS
  MAIN TOOLBAR
  SETTING PREFERENCES
  TECHNICAL INDICATORS
  WHAT'S NEW
  ALARMS
  BACKTESTING
  CONFIRMING TRADES
  CUSTOM COLUMNS
  CUSTOM INDICATORS
  CUSTOM INSTRUMENTS
  CUSTOM PRICES
  DATA FEEDS
  DATABASE
  DOWNLOADING DATA
  FEED STATUS
  HEARTBEAT
  HELP
  MULTI-LINKING
  MULTI-PERIODICITY
  INSTRUMENT SETUP
  NASDAQ LEVEL II
  NEWS TICKER
  NEWS BROWSER
  OPTIMIZATION
  OPTIONS ANALYTICS
  PLACING TRADES
  PORTFOLIOS
  PRESETS
  PRINTING
  QUICK QUOTES
  QUOTE PAGES
  REALIZATION
  RTL LANGUAGE
  SCANS
  SCHEDULES
  SCOPE
  SYSTEM STATUS
  TICKER TAPE
  TIME AND SALES
  TRADING NOTES
  USER VARIABLES
  VERTICAL SCALE
MASTER INDEX
DICTIONARY
FEEDBACK

See Also:  Point and Figure Preferences
See Also:  Processing Data For Point and Figure Charts
See Also:  Renko Indicator

A new checkbox has been added to PNF charts labeled "Renko" which essentially transforms the PNF chart into a Renko Chart. Renko Charts are very similar to PNF charts. Actually, if you take a PNF chart having a reversal criteria of 1, and then stretch each column out so that every X or O has its own separate column, then the result will be a Renko Chart. The result is a series of diagonals going up and down, with X's on the upward diagonals and O's on the downward diagonals. When the "Renko" checkbox is checked in the preferences, you'll notice that the "Reversal Criteria" control is disabled because Renko charts always use a Reversal Criteria of 1.

Renko Charts have been improved to draw in the classic box style, as opposed to using the X's and O's that Point and Figure charts use.  Renko charts can be created by simply clicking the "Renko Chart" checkbox option in the preferences of Point and Figure Charts.  A Renko Chart indicator can be simulated in traditional charts by simply adding the Point and Figure indicator with a Reversal Criteria of 1.

Please see Point and Figure Preferences for additional information on the preferences.