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Open Feature request MC-1334

Better Renko - Mean Renko - Renko Hybrid - Own bar types

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The main difference to the standard renko bars is that you could have an offset of the open of the new bar. On standard renkos the open is equal to the close of the prior bar.
The second difference is that you could choose different values for trend continuation and trend reversal (Renko Hybrid, Flex Renko).

Steps to reproduce this issue
Comments (14)
user-offline.png  McBot (McBot)
Jun 06, 2013 - 06:23

I love everything MC has to offer, however, the Renko charting of Ninja Trader 7+ is more practical.
I would appreciate it if MC could provide something compatible with that of Ninja Trader, The Mean Renko Bars, to be exact. It's no rocket science at all. See video below:
With Mean Renko Bars added, MC could be implemented to do a lot of jobs not possible otherwise. And, MC shall gain an unfair advantage over its competition as well.

user-offline.png  JoeTrader (Guest)
Jul 09, 2013 - 18:19

I couldn't agree more.  Mean renko bars would be an awesome additon to multicharts.  I've been using your platform for years and recently was exposed to mean renko bars in Ninjatrader and I must say, adding this to multicharts would be extremely helpful. Any insight as to if and when we can expect this addition?

user-offline.png  JoeTrader (Guest)
Sep 14, 2015 - 14:07

been sent here to vote for mean renko. be great if you could add this feature to the renko charting feature. smoothes chart data. the off set is a great addition to renko charting. when can we get the update if it is something multicharts will be adding?

user-offline.png  JoeTrader (Guest)
Sep 16, 2015 - 02:57

any news multicharts on the under review? only a small fix to offset renko bars

user-offline.png  JoeTrader (Guest)
Sep 22, 2015 - 14:11

I'd like to transition from Tradestation to Multicharts, but I need mean renko chart support in order to do so.

user-offline.png  blaino (BLAINE86)
Sep 23, 2015 - 06:18

same here waiting for the upgrade before moving over from tradestation

user-offline.png  JoeTrader (Guest)
Jan 08, 2016 - 16:47

I need this bars on multicharts.net

user-offline.png  JoeTrader (Guest)
May 31, 2016 - 22:21

These are becoming one of the most popular bar types for day traders, most platforms have these now, and would be a good addition to MC.NET

user-offline.png  JoeTrader (Guest)
Jun 15, 2016 - 19:10

Please add

user-offline.png  JoeTrader (Guest)
Sep 02, 2016 - 11:58

Please add!!

user-offline.png  JoeTrader (Guest)
Sep 22, 2016 - 03:08

Please add it!!!

user-offline.png  CrazyNasdaq (CrazyNasdaq)
Mar 12, 2017 - 13:20

Mean Renko, Better Renko and Hybrid Renko or Shifted Renko are the actual standard of most profitable and smart contemporary traders. NinjaTrader and Tradestation have them from time sometimes as native bartype, sometime as simple indicator package for few dollars. Please add these new RENKO bars available in Multicharts as native bars. I would be very very disagree to leave Multicharts for Ninja. Please take care of this feature.

user-offline.png  Alex MultiCharts (Alex MultiCharts)
Sep 07, 2017 - 10:11
Will be applied to MultiCharts 11 Release 2 and once it is released, the status will be changed accordingly.
user-offline.png  Alex MultiCharts (Alex MultiCharts)
Sep 22, 2017 - 12:46
Flex Renko is now available in MultiCharts 11 Release 2.
Issue basics
  • Type of issue
    Feature request
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  • Targeted for
    MultiCharts 11.0 (RELEASED)
  • Status
User pain
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    user-offline.png  sp (sp)
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