Renko chart (Obsolete)

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Renko chart (Obsolete)

Postby Alexander.Gettinger » Thu Oct 07, 2010 3:56 pm

Renko.png


Renko.lua
(4.2 KiB) Downloaded 3571 times


This indicator is obsolete.
Renko.png

I encourage you to Use Renko View instead.
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Re: Renko chart.

Postby Checkz » Sun Oct 10, 2010 4:27 am

IS THERE A WAY TO REPLACE THE CANDLESTICKS WITH THE RENKO BARS DISPLAYING THEM ON THE ACTUAL CHART INSTEAD OF BELOW IT?
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Re: Renko chart.

Postby Alexander.Gettinger » Fri Feb 04, 2011 2:45 am

Update of Renko chart.
Now, Renko bricks are drawn at source chart.

Renko.png


Download:
Renko2.lua
(4.52 KiB) Downloaded 5584 times
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Re: Renko chart.

Postby patick » Fri Feb 04, 2011 5:08 am

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:
Attachments
SNAG-0000.png
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Re: Renko chart.

Postby patick » Fri Feb 04, 2011 8:16 am

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.
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Re: Renko chart.

Postby Alexander.Gettinger » Fri Feb 04, 2011 8:47 pm

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.
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Re: Renko chart.

Postby Alexander.Gettinger » Mon Feb 07, 2011 3:11 am

Renko chart with datetime labels and period separators.

Renko.png


Download:
Renko3.lua
(8.13 KiB) Downloaded 4119 times
Last edited by Alexander.Gettinger on Thu Feb 17, 2011 4:05 am, edited 1 time in total.
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Re: Renko chart.

Postby patick » Mon Feb 07, 2011 11:51 am

Testing now... but looks good, Mr. Gettinger.

Thanks!



Now see something.... I attached a Power Point file to highlight.
Attachments
renko3.pptx
(161.25 KiB) Downloaded 2965 times
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Re: Renko chart.

Postby whninja » Wed Feb 16, 2011 2:54 pm

Better Renko for lua

Here is my matlab version for a better renko chart ... perhaps it helps ...
Attachments
wh_mrenko_bar.txt
(2.57 KiB) Downloaded 2058 times
Long_14-Feb-2011_SPX500.png
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Re: Renko chart.

Postby Alexander.Gettinger » Thu Feb 17, 2011 4:06 am

Renko3.lua updated.
Fixed error with multiple separators.
Please, download this indicator again.
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