Issue:
I just created a two data stream chart that includes a 3 range (point) chart as data #1 and a Renko chart as data #2. The Renko bar tails appear not to be calculating properly. You can see from the picture below that the Renko high and low tails do not agree with the 3R chart data. For some reason the tails are off by 1 tick:
Question:
There are some tradeable behaviors that hold true when Renko bodies open and close on whole numbers that do not work as well when the Renko bar opens and closes on decimals. Short of brute force / manual testing of date ranges, is there any way of forcing Renko bars to open and close on whole numbers?
Renko chart issue & question
- TJ
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Re: Renko chart issue & question
My 2 cents:
For trading purposes,
it will be a lot easier to program the Renko logic into your strategy than to rely on the built-in chart style.
YMMV
For trading purposes,
it will be a lot easier to program the Renko logic into your strategy than to rely on the built-in chart style.
YMMV
- Smoky
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Re: Renko chart issue & question
we are waiting many things about Renko :
https://www.multicharts.com/pm/public/m ... es/MC-1649
https://www.multicharts.com/pm/public/m ... es/MC-1331
https://www.multicharts.com/pm/public/m ... ues/MC-845
my two cents too.
https://www.multicharts.com/pm/public/m ... es/MC-1649
https://www.multicharts.com/pm/public/m ... es/MC-1331
https://www.multicharts.com/pm/public/m ... ues/MC-845
LoL TJ,My 2 cents:
For trading purposes,
it will be a lot easier to program the Renko logic into your strategy than to rely on the built-in chart style.
YMMV
my two cents too.
- TJ
- Posts: 7743
- Joined: 29 Aug 2006
- Location: Global Citizen
- Has thanked: 1033 times
- Been thanked: 2223 times
Re: Renko chart issue & question
You have just proved my point.we are waiting many things about Renko :
https://www.multicharts.com/pm/public/m ... es/MC-1649
https://www.multicharts.com/pm/public/m ... es/MC-1331
https://www.multicharts.com/pm/public/m ... ues/MC-845LoL TJ,My 2 cents:
For trading purposes,
it will be a lot easier to program the Renko logic into your strategy than to rely on the built-in chart style.
YMMV
my two cents too.
-
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Re: Renko chart issue & question
Yeah, I had already coded an indicator that mimics Renko bars years ago. I looked at the out-of-the-box functionality again yesterday because I wanted to add an indicator based on the Renko data stream--particularly bar highs and lows. Oh well. Sorry to hear that it's still not there yet.
Thanks, all.
Thanks, all.