That's the beauty of Renko Ankur.
Basically Renko will print the next brick only if the price closes above/below the ART Range (e.g 13 points in Nifty) So unless price moves and closes above/below the ATR range, another brick will not be printed. Hence in full day chart of Nifty for Fri. (Trading time 435 minutes) the Nifty Renko 1M chart has only 7 bricks.....
Trust this clarifies.
Basically Renko will print the next brick only if the price closes above/below the ART Range (e.g 13 points in Nifty) So unless price moves and closes above/below the ATR range, another brick will not be printed. Hence in full day chart of Nifty for Fri. (Trading time 435 minutes) the Nifty Renko 1M chart has only 7 bricks.....
Trust this clarifies.
In trader tiger do we have option to select price movement(range) also is there any significance of selecting time frame.