Page 1 of 6

Renko chart (Obsolete)

PostPosted: Thu Oct 07, 2010 3:56 pm
by Alexander.Gettinger
Renko.png


Renko.lua
(4.2 KiB) Downloaded 3502 times


This indicator is obsolete.
Renko.png

I encourage you to Use Renko View instead.

Re: Renko chart.

PostPosted: Sun Oct 10, 2010 4:27 am
by Checkz
IS THERE A WAY TO REPLACE THE CANDLESTICKS WITH THE RENKO BARS DISPLAYING THEM ON THE ACTUAL CHART INSTEAD OF BELOW IT?

Re: Renko chart.

PostPosted: Fri Feb 04, 2011 2:45 am
by Alexander.Gettinger
Update of Renko chart.
Now, Renko bricks are drawn at source chart.

Renko.png


Download:
Renko2.lua
(4.52 KiB) Downloaded 5470 times

Re: Renko chart.

PostPosted: Fri Feb 04, 2011 5:08 am
by patick
Very nice... thank you!


For those of us applying other indicators a Renko chart, keep in mind, you'll need to go to the indicators properties and select Renko:

Re: Renko chart.

PostPosted: Fri Feb 04, 2011 8:16 am
by patick
Ok, now that I've been watching the Renko bricks for the past several hours, I see a problem... not sure if there is a permanent solution, but I'll suggest a couple optional workarounds.

The brick widths are exactly the width of whatever TF chart you have the indie running (i.e., m1, m5... etc.). This ties the brick to the time scale at the bottom of the chart, which we know is not an accurate depiction since Renko is price dependent, not time. So, looking at the chart, it looks like you are seeing 3 hours of price action, when in reality, you could be looking at 2 days or more.

If you do not have control of setting the time scale on the chart, I would suggest the following:

1) Use the tool tip to display the actual Renko brick open and close date/time.
2) Add an option of drawing period separators on the chart... every 2, 4, 8 hours... etc., to distinguish not only intra-day PA, but also one day from the next.

Re: Renko chart.

PostPosted: Fri Feb 04, 2011 8:47 pm
by Alexander.Gettinger
patick wrote:If you do not have control of setting the time scale on the chart, I would suggest the following:

1) Use the tool tip to display the actual Renko brick open and close date/time.
2) Add an option of drawing period separators on the chart... every 2, 4, 8 hours... etc., to distinguish not only intra-day PA, but also one day from the next.


OK. I work on this.

Re: Renko chart.

PostPosted: Mon Feb 07, 2011 3:11 am
by Alexander.Gettinger
Renko chart with datetime labels and period separators.

Renko.png


Download:
Renko3.lua
(8.13 KiB) Downloaded 4059 times

Re: Renko chart.

PostPosted: Mon Feb 07, 2011 11:51 am
by patick
Testing now... but looks good, Mr. Gettinger.

Thanks!



Now see something.... I attached a Power Point file to highlight.

Re: Renko chart.

PostPosted: Wed Feb 16, 2011 2:54 pm
by whninja
Better Renko for lua

Here is my matlab version for a better renko chart ... perhaps it helps ...

Re: Renko chart.

PostPosted: Thu Feb 17, 2011 4:06 am
by Alexander.Gettinger
Renko3.lua updated.
Fixed error with multiple separators.
Please, download this indicator again.