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renko charts problem

  • #1
  • First Post: Edited May 31, 2016 2:46pm Mar 1, 2009 9:09am | Edited May 31, 2016 2:46pm
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If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #2
  • Mar 1, 2009 11:43am Mar 1, 2009 11:43am
I don't know what this indicator does but a brief look at the codes shows that it's like any other typical indicator, basing its calculation on the candle information of the chart that it's attached on, particularly the Close of each candle.

That means if the candles are different, the resulting graph from the indicator will also be different.

regards,
Zen
Programming for a better future.
  • #3
  • Mar 1, 2009 12:12pm Mar 1, 2009 12:12pm
Quoting Zen_Leow
I don't know what this indicator does but a brief look at the codes shows that it's like any other typical indicator, basing its calculation on the candle information of the chart that it's attached on, particularly the Close of each candle.

That means if the candles are different, the resulting graph from the indicator will also be different.

regards,
Zen
Is it in any way possible to code it so it doesn't matter what the timeframe is?
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #4
  • Mar 1, 2009 12:30pm Mar 1, 2009 12:30pm
Quoting Gambler180
Is it in any way possible to code it so it doesn't matter what the timeframe is?
you have to first explain what this indicator is doing before I can give you an educated answer. for now, an educated guess would be... nope.

unless you code it to fixate on the data of one timeframe regardless of the chart's own timeframe. but that's just silly...
Programming for a better future.
  • #5
  • Mar 1, 2009 12:47pm Mar 1, 2009 12:47pm
Quoting Zen_Leow
you have to first explain what this indicator is doing before I can give you an educated answer. for now, an educated guess would be... nope.

unless you code it to fixate on the data of one timeframe regardless of the chart's own timeframe. but that's just silly...
I don't know how to explain better than this chart does. Every box has the same value.

http://img21.imageshack.us/img21/999/unavngivetf.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #6
  • Mar 2, 2009 1:33am Mar 2, 2009 1:33am
then I'm afraid I can't help you
Programming for a better future.
  • #7
  • Aug 15, 2009 2:27pm Aug 15, 2009 2:27pm
you boys were upon a treasure, hope you didn't toss it in the trash =)
  • #8
  • Aug 24, 2009 5:18am Aug 24, 2009 5:18am
try here for a more accurate Renko script

http://www.forexfactory.com/showpost...7&postcount=86
EllisEdi Moving on to my next trade ...
  • #9
  • Aug 24, 2009 8:33am Aug 24, 2009 8:33am
I used that indi as well for a bit. Still keep it on a live chart. The indi will update fine as long as you keep the chart on 1 min. Its based on the close which is really not right. But there is no way around it for historical data. When you change TF you have to recalculate the whole thing over and the blocks will change. I guess it could be made to work off 1 min close but the LastViking Renko script if far superior.
  • #10
  • Aug 24, 2009 8:43am Aug 24, 2009 8:43am
Quoting Tigertron
I used that indi as well for a bit. Still keep it on a live chart. The indi will update fine as long as you keep the chart on 1 min. Its based on the close which is really not right. But there is no way around it for historical data. When you change TF you have to recalculate the whole thing over and the blocks will change. I guess it could be made to work off 1 min close but the LastViking Renko script if far superior.
Forget it TigerTron...the thread creator doesnt seem to be interested in renko i think.... i pmed him long back before lastviking came out with script!
Moreover he trades News as per his Profile!

Any way why to cae abt that indi when LV has provided nice script for helping all! Comparable with that Commercial Script, used in other thread!
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #11
  • Last Post: Aug 25, 2009 11:55am Aug 25, 2009 11:55am
Quoting forexsaint
Forget it TigerTron...the thread creator doesnt seem to be interested in renko i think.... i pmed him long back before lastviking came out with script!
Moreover he trades News as per his Profile!

Any way why to cae abt that indi when LV has provided nice script for helping all! Comparable with that Commercial Script, used in other thread!
I am still here but I don't trade spot forex any more. I think a good way to use renko charts is to look after support and resistance levels.
If slaughterhouses had glass walls, everyone would be a vegetarian!
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