The MC range bar looks like a renko bar. Is there a way to change the settings etc. to funtion like the TS range bar? One that can retrace the whole body of the bar?
Thank you
Anyway to get a range bar like TS? [SOLVED]
The MC Point bar looks nothing like a Renko bar, but yes it is different than the TS Range bar which is a flawed bar type.
Use "point original" which would be closest to the TS range bar.
I'm unsure why MC doesn't allow us to have all bar types in the Edit Symbol menu, but to plot these bars go to View -> Toolbars -> Command Line. Now click on the chart you want to change and type 20 Point(Original). The 20 is the size of bar.. you select whatever you want to use.
Use "point original" which would be closest to the TS range bar.
I'm unsure why MC doesn't allow us to have all bar types in the Edit Symbol menu, but to plot these bars go to View -> Toolbars -> Command Line. Now click on the chart you want to change and type 20 Point(Original). The 20 is the size of bar.. you select whatever you want to use.
While digging into these bars, I've noticed something for MC:
Steaky was right without seeing these bars at all- They ARE Renko bars. Using Point(Original) is giving me Renko bars with Show Real Open, Show Wick, and Show Phantom Bars enabled.
A Range bar: Close=High-Barsize ; Close =Low+Barsize. This is a renko bar...
Sorry, Steaky. Either things have recently changed on these bars or I was completely mistaken. Either way, this looks like an error in the platform. My suggestion is to attempt what you're doing with MC Point bars from the regular menu. They are good bars.... nothing is bug free with unique bar types, but these do show promise. To have a block bar where the Close = Open isn't possible in real trading so the TS bars are built completely wrong. This is where MC attempted to fix their mistake.... and did a pretty good job at it.
Steaky was right without seeing these bars at all- They ARE Renko bars. Using Point(Original) is giving me Renko bars with Show Real Open, Show Wick, and Show Phantom Bars enabled.
A Range bar: Close=High-Barsize ; Close =Low+Barsize. This is a renko bar...
Sorry, Steaky. Either things have recently changed on these bars or I was completely mistaken. Either way, this looks like an error in the platform. My suggestion is to attempt what you're doing with MC Point bars from the regular menu. They are good bars.... nothing is bug free with unique bar types, but these do show promise. To have a block bar where the Close = Open isn't possible in real trading so the TS bars are built completely wrong. This is where MC attempted to fix their mistake.... and did a pretty good job at it.
- Attachments
-
- TS range.jpg
- (160.84 KiB) Downloaded 1132 times
-
- MC range.jpg
- (180.16 KiB) Downloaded 1134 times
I just got MC recently.
How did you get open = close on the point(original) bar example?
How do you Show Real Open, Show Wick, and Show Phantom Bars enabled?
My chart- high res. looks Renko(min move) makes sense, low res. looks like TS Momentum bar(ranged,open vs close is difference of min move) on my screen(both types point/original).
Thanks
How did you get open = close on the point(original) bar example?
How do you Show Real Open, Show Wick, and Show Phantom Bars enabled?
My chart- high res. looks Renko(min move) makes sense, low res. looks like TS Momentum bar(ranged,open vs close is difference of min move) on my screen(both types point/original).
Thanks
- Henry MultiСharts
- Posts: 9165
- Joined: Aug 25 2011
- Has thanked: 1264 times
- Been thanked: 2958 times
There is no 100% equivalent for TS's range bars in MultiCharts. Please use one of the suggested above chart resolutions.
- Henry MultiСharts
- Posts: 9165
- Joined: Aug 25 2011
- Has thanked: 1264 times
- Been thanked: 2958 times