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Attachments: Renko Block Charts
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Renko Block Charts

  • #201
  • Sep 9, 2009 7:12am Sep 9, 2009 7:12am
Just some info:

Some experience problems then attaching EA's to the renko chart. It's usaly easy to fix, just uncheck the "offline chart" checkbox of the renko chart (F8: ->Common tab. On the top left).

Just remeber to turn it on again (or just close the renko chart) before you close MT4, else MT will try to download M2 history from the server next time you start it.

Best, LV
  • #202
  • Sep 9, 2009 10:21am Sep 9, 2009 10:21am
Hello,

What is the difference beteen this version and the commercial version?
Can't find the answer here.

Thanks,
Thierry
  • #203
  • Sep 9, 2009 11:29am Sep 9, 2009 11:29am
Quoting Thierry
What is the difference beteen this version and the commercial version?
Can't find the answer here.
You didnt try to Find!
http://www.forexfactory.com/showpost...1&postcount=99
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #204
  • Edited Sep 11, 2009 8:04am Sep 10, 2009 3:25pm | Edited Sep 11, 2009 8:04am
The attached indicator will show elapsed time for each Renko block. The RenkoAM_MS is for use with the commercial version - RenkoAM_v2.0 works with LastViking v2.1 (which correctly shows the open time of each bar rather than the close time as the commercial one does).

9/11/09 - okay, I have isolated what's happening. The commercial version uses current time for the current bar whenever the script is started, even if the bar has been open for some time. I can't think of a way to code around this, so use RenkoAM_v2.0 only with LastViking v2.1 - sorry to confuse anyone.
Attached File(s)
File Type: mq4 RenkoAM_MS.mq4   1 KB | 1,555 downloads
File Type: mq4 RenkoAM_v2.0.mq4   1 KB | 1,662 downloads
Old Benjamin was right
  • #205
  • Sep 11, 2009 2:59pm Sep 11, 2009 2:59pm
Hi guys! A very nice thread. Thanks to EllisEdi, Lou G and LastViking for an extraordinary effort. Anyway, I have an idea on this renko charts. I am not sure if the renko charts can be opened more than one chart per pair simultaneously. E.g EURUSD Box Size is 5 and then another chart EURUSD Box Size is 10 and etc. We can also create a MTF indicator based on this. Of course renko does not plot prices on time basis. It is based on the predetermined pip value or the box size as a target. Maybe we can call it as Multi Box Size (MBS) Indicator.

At the moment using the RenkoLiveChart_v1.6 can only be displayed one chart per pair at a time. If this is possible we can have a bigger picture on the price action.

Attached is a sample of the MBS Indicator idea.

Thanks.

Regards,
Michael
Attached Image (click to enlarge)
Click to Enlarge Name: RenkoMBS.jpg Size: 109 KB
  • #206
  • Sep 11, 2009 4:58pm Sep 11, 2009 4:58pm
Quoting Michael Deys
At the moment using the RenkoLiveChart_v1.6 can only be displayed one chart per pair at a time. If this is possible we can have a bigger picture on the price action.
Hi Michael,

v2.X can generate more then one live renko chart from the same M1 chart (I have tested v2.1 using more then 10 diffrent renko charts from a singel EURUSD M1 chart just to try to push it, -no problem...). v2.1 really is mush beter then the preverios 1.X scrips. (Mainly because it's not strictly a script at al, so must be placed in the indicator folder.)

But vill a MTF indicator work from renko charts? I don't know, never done anyting like that. _Really_ nice if it works!

Al the best,
/LV
  • #207
  • Sep 11, 2009 9:17pm Sep 11, 2009 9:17pm
Quoting Lou G
The attached indicator will show elapsed time for each Renko block. The RenkoAM_MS is for use with the commercial version - RenkoAM_v2.0 works with LastViking v2.1 (which correctly shows the open time of each bar rather than the close time as the commercial one does).
Thanks Lou...for this additional Feature!
i will Check out and let you know soon..as i was using V1.5 only till now!
Regards
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #208
  • Sep 11, 2009 10:03pm Sep 11, 2009 10:03pm
Quoting LastViking
Hi Michael,

v2.X can generate more then one live renko chart from the same M1 chart (I have tested v2.1 using more then 10 diffrent renko charts from a singel EURUSD M1 chart just to try to push it, -no problem...). v2.1 really is mush beter then the preverios 1.X scrips. (Mainly because it's not strictly a script at al, so must be placed in the indicator folder.)

But vill a MTF indicator work from renko charts? I don't know, never done anyting like that. _Really_ nice if it works!

Al the best,
/LV

Hi LV,

I tried as per your suggestion but unfortunately when I drop in the v2.1 on the M1 chart lets say 5 box size and open up M2 chart it shows 5 box size too (which is okay). And when I drop another v2.1 on the same M1 chart lets say this time 10 box size and open up a another M2 chart it shows 10 box size (which is also okay). The problem is, I get the same 10 box size on both the M2 chart instead.

I saved this file into the indicator folder. It will be definitely be cool if we can create that MTF, I wish I am a programmer

Anyway, hope you can help me out on this and thanks a lot.

I have attached the indicator that I am using for your reference, it should be the same as yours.

Best regards,
Michael
Attached File(s)
File Type: mq4 RenkoLiveChart_v2.1.mq4   9 KB | 1,665 downloads
  • #209
  • Sep 12, 2009 2:16am Sep 12, 2009 2:16am
Michael Deys,

please read the thread, it is not so big. Each instance of the indicator on chart m1 must have unique settings for both inputs. So your example of using 5 box size and open up m2, when you drop another v2.1 on the same M1 chart, this time with 10 box size you must assign a different off line chart, say m3.

Or to make it easier to remember sizes add 1 to the box size for your off line chart assigned:

Box size 5 = offline m6
Box size 10 = offline m11

have fun

Flint
  • #210
  • Sep 12, 2009 4:46am Sep 12, 2009 4:46am
Hi,

Thanks go to all the guys EllisD, Last Viking & LouG, for making this a fantastic thread, and thanks for all those tweaks, it gets better & better.

Just one question, I have noticed when it is used as a script, it has no problems converting data into Renko, especially at weekends when there is no Live Data coming through, but it doesn't work the same when you use it as an expert advisor, ie. no conversion occurs.
Is there any reason for that ?

There is definitely an advantage running it as an EA than a script.
It never gets easier, you just get better
  • #211
  • Edited 8:42am Sep 12, 2009 8:39am | Edited 8:42am
Quoting shabir
Hi,

Thanks go to all the guys EllisD, Last Viking & LouG, for making this a fantastic thread, and thanks for all those tweaks, it gets better & better.

Just one question, I have noticed when it is used as a script, it has no problems converting data into Renko, especially at weekends when there is no Live Data coming through, but it doesn't work the same when you use it as an expert advisor, ie. no conversion occurs.
Is there any reason for that ?

There is definitely an advantage running it as an EA than a script.
EA's are driven by incoming ticks - no ticks, no charts. Use a script when the market is closed. Or use LV's version v2.1 - it's an indicator so it should generate an offline chart even with no new data coming in.
Old Benjamin was right
  • #212
  • Sep 12, 2009 1:36pm Sep 12, 2009 1:36pm
Quoting FlintFX
Michael Deys,

please read the thread, it is not so big. Each instance of the indicator on chart m1 must have unique settings for both inputs. So your example of using 5 box size and open up m2, when you drop another v2.1 on the same M1 chart, this time with 10 box size you must assign a different off line chart, say m3.

Or to make it easier to remember sizes add 1 to the box size for your off line chart assigned:

Box size 5 = offline m6
Box size 10 = offline m11

have fun

Flint

Hi Flint,

Thanks it works. But there is one problem I discovered. While remain opened multiple charts of renko and after closing the MT4 platform, it seems to hung whenever I restart the MT4 platform. Is this normal?

Thanks.

Regards,
Michael
  • #213
  • Sep 13, 2009 3:21pm Sep 13, 2009 3:21pm
Is your page 1 post 1 updated to contain the latest version and information.
  • #214
  • Sep 14, 2009 2:46am Sep 14, 2009 2:46am
hey Michael,

on restart of MT4 I do not experience hanging, maybe you could just add indy at each session & leave it all day. Have you tried a clean MT4 install?

Is your indy folder overloaded?

Sorry I do not Know what might be causing it to hang.

But I do experience lack of new bricks updating from the time the terminal was shut creating a jump. It carries on forming new bricks where price was last, so I just refresh the Indy & it updates itself. So just once a day a few clicks & I just leave it running.

While the terminal is running things are rock solid & I think this is a good solution for MT4 that the programmers on this thread have developed & kindly shared.

Flint
  • #215
  • Sep 14, 2009 6:57pm Sep 14, 2009 6:57pm
Quoting FlintFX
Michael Deys,

...
Box size 5 = offline m6
Box size 10 = offline m11

...
may be better to assighn diff name instead just M+1
  • #216
  • Sep 15, 2009 3:28am Sep 15, 2009 3:28am
hi fxxx,

how do you assign a different name exactly?

Flint
  • #217
  • Edited 5:09am Sep 15, 2009 5:08am | Edited 5:09am
If you are using 2 or 3 renko pip charts, say 5, 10 & 20 pips and you need to be able to place a vertical & horizontal line on one chart & be able to see the exact same positions on the other time frames automatically use the scripts in this post.

http://www.forexfactory.com/showthre...ir#post2302642

Excellent tool. (the cross one is the best). Thanks to the author.
It never gets easier, you just get better
  • #218
  • Sep 15, 2009 7:05am Sep 15, 2009 7:05am
Quoting FlintFX
hey Michael,

on restart of MT4 I do not experience hanging, maybe you could just add indy at each session & leave it all day. Have you tried a clean MT4 install?

Is your indy folder overloaded?

Sorry I do not Know what might be causing it to hang.

But I do experience lack of new bricks updating from the time the terminal was shut creating a jump. It carries on forming new bricks where price was last, so I just refresh the Indy & it updates itself. So just once a day a few clicks & I just leave it running.

While the terminal is running things...
Hi Flint,

Thanks man! I will take your advise on this. Thanks again

Michael
  • #219
  • Sep 15, 2009 7:13am Sep 15, 2009 7:13am
Quoting Shabs19
If you are using 2 or 3 renko pip charts, say 5, 10 & 20 pips and you need to be able to place a vertical & horizontal line on one chart & be able to see the exact same positions on the other time frames automatically use the scripts in this post.

http://www.forexfactory.com/showthre...ir#post2302642

Excellent tool. (the cross one is the best). Thanks to the author.

Hi Shabs19,

Thanks for sharing! Great tool to backtest. Nice.

Regards,
Michael
  • #220
  • Sep 15, 2009 7:25am Sep 15, 2009 7:25am
I have some idea on the renko chart. This is similar to kagi charts. But kagi and renko charts works pretty much the same way. Kagi clearly shows a breakout in support and resistance from previous tops and bottoms. It color codes if there is a breakout. If breakout above the resistance it will color code to green. If it breakout below support it color codes to red. The color remains the same until there is a new opposite breakout occurs. So, since renko is more towards a 45 degree chart and a kagi more towards a vertical chart and it behaves pretty much the same, we can color code this and can have a better understanding and a clearer chart to interpret. Hope someone can come out with an indicator for this . Maybe just enhance this from the RenkoLiveChart_v2.1 indicator.

Thanks.

Regards,
Michael
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