Renko Range calculation for SBI

General
1

What exactly we mean by Renko range ? What is the difference between range 0.25 and 0.5 ? For intraday SBI trading what needs to be used and how many min chart? And what for delivery ?

2

HeLlO TrAdEr,

1) Renko Chart Manual

2) .25 represents 25 paisa and .5 represents 50 paisa. the currency denomination at which a new box is drawn up or down on the renko chart.

3) For Intraday = .15 

4) For Delivery =  1 

3

thanks for the answer, how many min chart should be best suited for intraday and delivery ? and can we use Renko range = 1 for any stock and options for delivery ?