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Renko Block Charts

  • #461
  • Nov 19, 2009 4:59pm Nov 19, 2009 4:59pm
Quoting der stratege
i put it in the indicator folder and works perfect as an indicator. only added two lines in the beginning of the code. but i could give you a modified version 2.3 to use as an indicator. one setting more is 'Sym' here you can put your Pair which you like to convert to renko.
Just to clarify, you have modified V3.2 EA to now run as an indicator and named it V2.3. Am I right ? You lost me an the 'Sym' setting bit Could you please elaborate.

Thank you very much for your help and awaiting your reply.
  • #462
  • Nov 19, 2009 5:08pm Nov 19, 2009 5:08pm
no it is realy v2.3 but it might not be a problem to do the same with v3.2 you have to put the line into the code:

#property indicator_chart_window

into the first line. and put the EA into the indicator folder. this might help.

i didn't try it for my self because i'm happy with v2.3

the setting 'sym' means here that you could choose which pair you like to see as an renko offlinechart. it is not important if you put RenkoIndi into GBPUSD pair and set EURUSD in the Indi. The only thing you have to look for is, that you do not mix 2digit pair with 4digit pair or 3digit with 5digit pair.
  • #463
  • Nov 20, 2009 10:45am Nov 20, 2009 10:45am
Quoting LastViking
It will. Not to mention that it will stop sending ticks to the M2 chart when ever MT4 is minimized.



Will work. But stop working when ever MT4 is minimized (and you can't see that it stop. MT4 will send all the delayed ticks to the M2 chart when MT4 is made visible again!!!). Same problem as v2.x.



I think it would have made more sence to name it v2.4. Pepole are already yeling at me about the confusion v3.0 as indicator caused.

I did some work on v2.x early on in an aptempt to fix the startup updating issues I could post. But we still have...
Not harsh at all - I'm tired of all the complaining as well.

If you want, I will delete the post and we can simply refuse to waste any more time on this (and you're right - it still won't update properly).

Let me know what you want to do and we will present a united front - my feeling is that we should call 3.2 the end of our involvement and go on with life.

Best,

Lou
Old Benjamin was right
  • #464
  • Nov 20, 2009 12:59pm Nov 20, 2009 12:59pm
Quoting Lou G
Not harsh at all - I'm tired of all the complaining as If you want, I will delete the post and we can simply refuse to waste any more time on this (and you're right - it still won't update properly).
Delete if you ask me, it makes life easyer. (The important thing is that anyone that DL the file with the highest version number from this thread should get a good working EA version with no updating issueses, I think.)

Quote
Let me know what you want to do and we will present a united front - my feeling is that we should call 3.2 the end of our involvement and go on with life.
Whats how I feel about it too. (BTW: You'r move from indicator to EA in v3.0 was _right_, so no need to look bak.)

After all, it is a jobb we did well. Now, lets trade it.

Best,
LV
  • #465
  • Nov 21, 2009 1:20am Nov 21, 2009 1:20am
Quoting LastViking
.


Can't those that nead a indicator version just add the two lines of code on there own? So we don't get responsible for the updating problems...

.

/LV

Unfortunately many of us are truly truly ignorant of the art of programming. We wouldn't know how to figure it out or what to do with code even if it was handed to us on a plate. Now once someone has put it together and posted it, we then have a different situation. Then we know what to do with it. It's like giving a person a torque wrench and saying undo the bolts and drop the transmission. It's ambulance time. But once the mechanic has fixed it then the driver knows how to drive the car away. Thats why mechanic shops stay in business or a friend earns a six pack.
  • #466
  • Nov 21, 2009 7:56am Nov 21, 2009 7:56am
i didn't know that you can use RenkoChart into the backtester, do you?

go to strategie tester and choose RenkoLiveChart as ExpertAdvisor. choose M1 for backtest TF. in the EA setting switch EnableOnlineChart to false.

start visual backtester in Pause-Mode and the usual M1 TF Chart starts. Now go to OfflineChart in the Filemenu and choose the Timerframe which are converted into Renkos and open them. Press Pause again and you will see that the Renkos will start ticking like in reallive-mode.
the only thing you have to avoid is the backtest speed never set to full speed at 32 than MT4 freeze.
  • #467
  • Nov 23, 2009 10:45am Nov 23, 2009 10:45am
Could one of you great Renko coders take a look at this Point & figure indi and maybe add a switch to turn the pop up alerts on & off?
It would be greatly appreciated.

Also Lou, I think this question came up in the past on how to use ATR to help determine the proper renko etc pip bricks sizes to use if you want to compare a renko or p&f chart to for example a 5 min chart etc.



----------------------------
Average True Range

The "Average True Range (ATR)" method uses the value of the ATR indicator to determine the brick size. The ATR indicator is designed to ignore the normal volatility of a stock and thus it can "automatically" find good brick sizes regardless of the value or volatility of the stock selected. ATR with a value of 14 is the default value for Renko charts and should generate a very usable chart in most cases.

& was found at:
http://www.vinase.com/forums/archive...hp?t-2591.html
Attached File(s)
File Type: mq4 FXI_Point&Figure-Adv.mq4   39 KB | 961 downloads
  • #468
  • Nov 24, 2009 1:51am Nov 24, 2009 1:51am
Quoting der stratege
i didn't know that you can use RenkoChart into the backtester, do you?

go to strategie tester and choose RenkoLiveChart as ExpertAdvisor. choose M1 for backtest TF. in the EA setting switch EnableOnlineChart to false.

start visual backtester in Pause-Mode and the usual M1 TF Chart starts. Now go to OfflineChart in the Filemenu and choose the Timerframe which are converted into Renkos and open them. Press Pause again and you will see that the Renkos will start ticking like in reallive-mode.
the only thing you have to avoid is the backtest speed...
Yes this is known news. I've made two short movies showing the MACD sample EA backtest on Renko. One without and one with wicks. See attached.
Attached File(s)
File Type: pdf Renko-backtest.pdf   16 KB | 1,937 downloads
  • #469
  • Nov 24, 2009 6:46am Nov 24, 2009 6:46am
nice aktur, but how did you get the renko as backtest data's. is it only to convert into known mt4 timeframe format and he uses the renko then as backtest data? is it important to disconnect from broker, because he would then load the usual 5m data?
  • #470
  • Nov 24, 2009 6:41pm Nov 24, 2009 6:41pm
Quoting der stratege
nice aktur, but how did you get the renko as backtest data's. is it only to convert into known mt4 timeframe format and he uses the renko then as backtest data? is it important to disconnect from broker, because he would then load the usual 5m data?
It is all described in the FAQ file.
Attached File(s)
File Type: pdf Off-line charts FAQ.pdf   71 KB | 905 downloads
  • #471
  • Nov 26, 2009 2:06pm Nov 26, 2009 2:06pm
I realise that RLC V3.2 EA is the only supported program. I am using V3.2 as an indicator, and indicators have a problem of not updating - or sometimes I have noticed freezing even while maximized. One solution is to restart MT4.Would clicking on 'refresh' also be a solution? Any suggestions?
When it freezes while maximized the price tick line is active and moves, but the chart will not update and this gives a totally false trading picture.
Thanks and I hope someone posts.
Happy Thanksgiving to all!!!!
  • #472
  • Nov 26, 2009 8:42pm Nov 26, 2009 8:42pm
Quoting moneda
Lou,

That is unfortunate but it happens to most threads... I am really interested in using Renko along with PA as a way to simplify my trades and help with the mental aspect. At the moment I am focusing on swings high/low/continuations/pullbacks and bounces and reversal from support and resistance levels..no indicators except the renko bars/candles. I am also using the wicks or lack of them to help me with momemtum/speed of price.

Thanks again Lou and if you decide to start discussing trading with Renko again I will gladly join your thread....
Just read your posting. You encountered the same problem that I had.
V 3.2 is a non-trading EA. As such you can only attach 1 offline chart to one online 1M chart. This is unlike using an indicator. Using an indicator you can attach multiple block sizes of a pair to one 1M online chart. If you try this when using an EA, one problem I encountered was that only the last block size attached was being updated. When I learnt of the 1 to 1 relationship of an EA there followed a number of postings between Lou and me. This culminated with me reverting to using indicators but with a twist.

What is the twist. I will show later but first let me list the following sequence of development.

RLC V 1.x -- are scripts
RLC V 2.x -- are indicators
RLC V 3.x -- are EA's with one exception.
RLC V 3.0 -- is an indicator ( the exception )

My twist is using V 3.2 which is as you see an EA but unofficially modified to run as an indicator. But as the problem goes with all the indicators I have to tolerate update problems which has caused me to take incorrect trades on a couple of occasions.
  • #473
  • Nov 26, 2009 9:11pm Nov 26, 2009 9:11pm
Quoting Lou G

As far as I know there is not one that will predict the future. If I tend to believe that more and more indicators tend to obscure PA (the only indicator that really counts) rather than enhance it
Lou,
Maybe not predict but give a high probablity of PA. Since I trade 20 block charts my main trading concern is avoiding sideways markets. This week I will be trying out a tool that was written for a different system. On manual backing it seems to help. This next week will tell. If it works the next step will be to write one specifically written for Renko PA. The better the picture, the better the end result.
If one wants to use umpteen indicators they must each come from a different starting assumtion and thereby reinforcing the resultant. Two ma of a different name show the same picture.
Forexflash was on the right track but very limited in exercution and unfortunately in need of bug rectification.

All th best with your trading this week
  • #474
  • Nov 27, 2009 4:37am Nov 27, 2009 4:37am
Quoting Nagpada
This week I will be trying out a tool that was written for a different system. On manual backing it seems to help. This next week will tell. If it works the next step will be to write one specifically written for Renko PA. The better the picture, the better the end result.
If one wants to use umpteen indicators they must each come from a different starting assumtion and thereby reinforcing the resultant. Two ma of a different name show the same picture.

Good Luck for your coding & hope that another "Renko indicator" can be tested.
  • #475
  • Edited 9:58am Nov 27, 2009 9:06am | Edited 9:58am
hi, my renko charts are lagging a lot...

price is moving on normal charts and my renko price has a big delay!

How can I solve this?

PS: do all indicators repaint on renko charts?
  • #476
  • Nov 27, 2009 11:58am Nov 27, 2009 11:58am
Quoting camisa
hi, my renko charts are lagging a lot...

price is moving on normal charts and my renko price has a big delay!

How can I solve this?

PS: do all indicators repaint on renko charts?
How old/fast is your pc?
How many renko charts are you making at the same time?
Are you trying to make one & only one chart per pair/cross from only one 1 min chart?
If you need more than one renko brick chart from same 1 min chart, then I'd recommend you use a Renko chart generating script instead of the ea versions, free or commercial.
I have an old pc so know the importance of trying to conserve cpu resources especially when using such a pc to trade with.
  • #477
  • Nov 27, 2009 12:48pm Nov 27, 2009 12:48pm
Are you saying that multi charts can be attached to 1M online chart with the use of renko scripts. I have not tried scripts. Thanks.

P.S. Have you managed to snag a programmer
  • #478
  • Nov 27, 2009 1:13pm Nov 27, 2009 1:13pm
Quoting Nagpada
Are you saying that multi charts can be attached to 1M online chart with the use of renko scripts. I have not tried scripts. Thanks.

P.S. Have you managed to snag a programmer
I think I read that some place you can do that, guess it wouldn't take very long to find out for sure, but I'm getting ready to leave right at the moment.
About the programmer snag, in a round about way, Peter has a programmer that has a 1st version ea very similar to the one I was thinking about getting coded.
Actually if I have the time I'd like to eventually snag myself as a coder if I'd just spend more time studying the subject, think I wouldn't be too bad at it if I put my mind to it. Problem is I usually want to take a nap when I start reading C+ books etc. Any suggestions out there?
  • #479
  • Nov 29, 2009 4:37am Nov 29, 2009 4:37am
I just tired placing a second renko chart making script on a 1min chart that already had one running & got this pop up message so I guess the answer is no with scripts, but sure I heard someone say it was possible to do so using a renko chart making indicator.
Is anyone out there still using one of the older/or newer renko chart generating 'indicator version' to make more than one renko brick charts from the same 1 min chart?
Attached Image
  • #480
  • Nov 29, 2009 5:25am Nov 29, 2009 5:25am
http://www.ninjatrader-support2.com/...ad.php?t=16228

Was wondering if this could be translated to work in MT4?
AdaptRenkoATR.zip
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