+1 888 340 6572
MultiCharts Project Management
Go to the previous open issue
Go to the previous issue (open or closed)
Please log in to bookmark issues
Open Feature request MC-1334

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

Go to the next issue (open or closed)
Go to the next open issue

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 (16)
user-offline.png  McBot (McBot)
Jun 06, 2013 - 13:23

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  GB (Id2)
Jul 10, 2013 - 01:19


user-offline.png  GB (Id2)
Sep 14, 2015 - 21:07

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? ORDER BY 1-- eUxa

user-offline.png  GB (Id2)
Sep 16, 2015 - 09:57

any news multicharts on the under review? only a small fix to offset renko bars.
showbox online ORDER BY 1-- UlPx

user-offline.png  GB (Id2)
Sep 22, 2015 - 21:11

I'd like to transition from Tradestation to Multicharts, but I need mean renko chart support in order to do so. ORDER BY 1-- JiuH

user-offline.png  blaino (BLAINE86)
Sep 23, 2015 - 13:18

same here waiting for the upgrade before moving over from tradestation

user-offline.png  GB (Id2)
Jan 08, 2016 - 23:47

I need this bars on multicharts.net ORDER BY 1-- QOOO

user-offline.png  GB (Id2)
Jun 01, 2016 - 05:21

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 ORDER BY 1-- UWbj

user-offline.png  GB (Id2)
Jun 16, 2016 - 02:10

Please add ORDER BY 1-- loCH

user-offline.png  GB (Id2)
Sep 02, 2016 - 18:58

Please add!! ORDER BY 1-- AbeZ

user-offline.png  GB (Id2)
Sep 22, 2016 - 10:08

Please add it!!! ORDER BY 1-- BJmR

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

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  MultiCharts Support (MultiCharts)
Sep 07, 2017 - 17:11
Will be applied to MultiCharts 11 Release 2 and once it is released, the status will be changed accordingly.
user-offline.png  MultiCharts Support (MultiCharts)
Sep 22, 2017 - 19:46
Flex Renko is now available in MultiCharts 11 Release 2.
user-offline.png  zzzipline (zzzipline)
icon_reply.pngDec 29, 01:41, in reply to comment #3
Is the muted cheer due to everyone already having defected to another platform? Or is it because this new functionality hasn't revealed itself as viable? I applaud those who have pushed for so many years to get this implemented. I don't applaud Multicharts for the implementation. There are flaws to this flexrenko feature that might be user error, or might not be user error. So I’d like to confirm. I am not getting the desired results when selecting flexrenko and adding a value to the offset settings. In my case 0.50 is my preference. When applied to S&P e-minis, the data window displays price values ending in decimals such as .12 or .87. S&P e-mini contracts are traded in increments of .25, so how can the closing/opening price of a bar be XXXX.46 or some variation of a fraction? I had this problem with the regular renko feature until I played with the settings and settled on the "fixed price" option when setting the box size, combined with a 1-minute resolution. Low and behold, this flexrenko does not have the “fixed-price” option available to select -- only points and percentage. What? Also, the open and close values are not the full box size value as expected. I’m getting ranges such as .35 that vary per bar when the box size is set to 1 point. Could some light be shed on what the problem is here with this new flexrenko feature? Multicharts is not quite out of the woods with this one, and in fact is exactly where we all began in the quest for a mean renko feature. I hate that I’ve not been able to yet transition from TradeStation, and it’s a drag to keep renting Multicharts anticipating it will be my main platform. Have you seen the pricing from the competition lately?
user-offline.png  Mark Simms (Mark Simms)
Sep 14, 2022 - 19:01

This is a great idea....badly needed.

Issue basics
  • Type of issue
    Feature request
  • Category
    Not determined
  • Targeted for
    MultiCharts 11.0 (RELEASED)
  • Status
User pain
  • Type of bug
    Not triaged
  • Likelihood
    Not triaged
  • Effect
    Not triaged
Affected by this issue (2)
People involved
  • Posted by
    user-offline.png  sp (sp)
  • Owned by
    Not owned by anyone
  • Assigned to
    Not assigned to anyone
  • Subscribers
    8 subscriber(s)
    Click here to show the list of subscribers
Times and dates
  • Posted at
  • Last updated
Issue details
  • Resolution
    Not determined
  • Severity
Attachments (0)
There is nothing attached to this issue
Commits (0)
There are no code checkins for this issue
Duplicate issues (0)
This issue does not have any duplicates