Renko charts do not calculate MACD and CCI correctly

because of the way Renko is calculated in real time, MACD and CCI cannot calculate correctly. The current real time values are distorted until end of day. Ehen the bars are then spread out MACD recalculates the end of day values.

Renko is thereby worthless.

Hello CarseWhite,

We are going to improve the algorithms of building a realtime Renko bar in one of the future versions of MultiCharts. If you want to disable the realtime study calculations - you can have the study calculated on bar close by disabling the option "Update on every tick" in Format->Study->Properties.

The Renko chart acts more like a candle stick because your not building out each brick as a completed step until the end of day at 15:59.

This causes the calculations in indicators to key off of the previous value of the previous day instead of the previous brick.

The only way to actually get an accurate reading from the MACD (or any other indicator using a moving average) is to abandon your built in SERIES functions which attach to BARs of data.

It's just another subtle means that you shift the odds in favor of your subscribers.

I have had to spend hours programming to shift the odds back.