+1 888 340 6572 Try free for 30 days
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-2508

Renko Bar Chart Upgrades

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

I have a couple of requests regarding Renko Bar Charts.

The first is simple - please provide a time/tick countdown for Renko bars. I realize in the historical bars there is no time/tick aspect - they are based on points. But in the current Renko bar, there is a time/tick aspect, before it "rolls", if you will, to the Renko format. Please provide a time/tick countdown for the current Renko bar. Thanks.

The second is likely more complex. Please provide more accurate backtests when using Renko bars. As you likely know, backtests using Renko bars can be wildly optimistic. This request is related to number 1 above - if the current bar is an expanded range bar, it will not transition into a single Renko bar - it could be 2, 3, 4, 5 or more Renko bars. Say it's 4. The backtest will assume your entry is based on the first Renko bar in that series of 4 - but really your entry will happen at the 4th bar. If there was a way to adjust entries and exits for this effect, the backtests would be more accurate, and less optimistic. Thanks.

Comments (1)
user-offline.png  TrendFirst (TrendFirst)
Oct 29, 2018 - 08:57

The first is simple - please provide a time/tick countdown for Renko bars.

Scratch that first one, don't see a way to do that...... #2 should be possible tho and would be good to have.

Issue basics
  • Type of issue
    Feature request
  • Category
    Not determined
  • Targeted for
    Not determined
  • Status
    Under Review
User pain
  • Type of bug
    Not triaged
  • Likelihood
    Not triaged
  • Effect
    Not triaged
Affected by this issue (0)
There are no items
People involved
Times and dates
  • Posted at
  • Last updated
Issue details
  • Resolution
    Not determined
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