Renko Block Charts

Quoting lumanauw

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I made some modifications of LastViking's renko chart, so now it can be backtested. In the modified renko, the bar[open] is not moving anywhere now. Consequence is, in trend change, the bar height will be twice the preset value.

Anyone has consistent+profitable strategy (for EA) can be used for this chart?

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Quoting Bejmar

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I backtested StepChart3.2.ex4 and find sl ignored wicks?

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Quoting PhAnTi'

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Done...but another question:

is there a way i can use renko,M2 on Demo on mt4?

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Quoting Bejmar

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Demo? you mean demo account or strategy tester?

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Quoting PhAnTi'

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demo account...mt4 has a strategy tester? : P
is there a way to attach strategy tester to the m2 chart? can't select m2 chart at the strategy tester

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Quoting Bejmar

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I deleted in mq4 file restrictions for time m1,m5 ......


switch(RenkoTimeFrame) {
case 1: case 5: case 15: case 30: case 60: case 240:
case 1440: case 10080: case 43200: case 0:
Print("Error: Invald time frame used for offline renko chart (RenkoTimeFrame)!");
return(-1);
}

Used strategy tester and create file from m1 to m5 or m15.......
For ex4 file you must used dekompiler to mq4

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Quoting PhAnTi'

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ähhhhhhhhhhhhhhhhhhhhhhh bingo!
; D
didn't get aything buddy,sry ^^

I'm in coding like Chuck Norris is in cooking

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Quoting Lou G

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... in Renko (IMHO). They can never be 100% accurate, especially when you use extremely small block size (5 pips or less). The reason for this is quite simple - MT4 does not retain the ticks after they have been processed so all RenkoLiveChart has to work with is the high/low of each M1 bar. In the case of an M1 bar with a large range it's really not possible to reconstruct the fluctuations that took place within the bar.

Concentrate on the live bars that are created as RLC is running. These should be accurate whether you choose to use RLC 3.2...

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Quoting Bejmar

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If you begin trade on open bar, wicks comes then. And yet stop loss does not respond. This problem could be solved if the EA can display wicks?

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Quoting Lou G

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Not sure what EA you are referring to...

Whether a stoploss set in mt4 is hit or not is a Metatrader function and has nothing to do with what is happening on the chart.

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Quoting andrea182

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i've used the script renkolivechart v1.7script in order to create a renko offline chart....it creates a good chart for backtesting but i've found an error when the candle create his corp it doesn't see the wicks in the opposite direcrion but when it goes on the next candle the wicks will be create on the chart...

someone now how to fix this bug??

ps the box size is of 25 pips
thanks in advice...

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#property copyright "MT4 release WizardSerg <[email protected]>, ForexMagazine #104" 
#property link      "[email protected]" 

#property indicator_chart_window 
#property indicator_buffers 2 
#property indicator_color1 Blue 
#property indicator_color2 Red 
//---- input parameters 
extern int       period=15; 
extern int       method=3;                         // MODE_SMA 
extern int       price=0;                          // PRICE_CLOSE 
//---- buffers 
double Uptrend[];
double Dntrend[];
double ExtMapBuffer[]; 


//+------------------------------------------------------------------+ 
//| Custom indicator initialization function                         | 
//+------------------------------------------------------------------+ 
int init() 
{ 
    IndicatorBuffers(3);  
    SetIndexBuffer(0, Uptrend); 
    //ArraySetAsSeries(Uptrend, true); 
    SetIndexBuffer(1, Dntrend); 
    //ArraySetAsSeries(Dntrend, true); 
    SetIndexBuffer(2, ExtMapBuffer); 
    ArraySetAsSeries(ExtMapBuffer, true); 
    
    SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,2);
    SetIndexStyle(1,DRAW_LINE,STYLE_SOLID,2);
    
    IndicatorShortName("Signal Line("+period+")"); 
    return(0); 
} 

//+------------------------------------------------------------------+ 
//| Custor indicator deinitialization function                       | 
//+------------------------------------------------------------------+ 
int deinit() 
{ 
    // 
    return(0); 
} 

//+------------------------------------------------------------------+ 
//|                                           | 
//+------------------------------------------------------------------+ 
double WMA(int x, int p) 
{ 
    return(iMA(NULL, 0, p, 0, method, price, x));    
} 

//+------------------------------------------------------------------+ 
//| Custom indicator iteration function                              | 
//+------------------------------------------------------------------+ 
int start() 
{ 
    int counted_bars = IndicatorCounted(); 
    
    if(counted_bars < 0) 
        return(-1); 
                  
    int x = 0; 
    int p = MathSqrt(period);              
    int e = Bars - counted_bars + period + 1; 
    
    double vect[], trend[]; 
    
    if(e > Bars) 
        e = Bars;    

    ArrayResize(vect, e); 
    ArraySetAsSeries(vect, true);
    ArrayResize(trend, e); 
    ArraySetAsSeries(trend, true); 
    
    for(x = 0; x < e; x++) 
    { 
        vect[x] = 2*WMA(x, period/2) - WMA(x, period);        
 //       Print("Bar date/time: ", TimeToStr(Time[x]), " close: ", Close[x], " vect[", x, "] = ", vect[x], " 2*WMA(p/2) = ", 2*WMA(x, period/2), " WMA(p) = ",  WMA(x, period)); 
    } 

    for(x = 0; x < e-period; x++)
     
        ExtMapBuffer[x] = iMAOnArray(vect, 0, p, 0, method, x);        
    
    for(x = e-period; x >= 0; x--)
    {     
        trend[x] = trend[x+1];
        if (ExtMapBuffer[x]> ExtMapBuffer[x+1]) trend[x] =1;
        if (ExtMapBuffer[x]< ExtMapBuffer[x+1]) trend[x] =-1;
    
    if (trend[x]>0)
    { Uptrend[x] = ExtMapBuffer[x]; 
      if (trend[x+1]<0) Uptrend[x+1]=ExtMapBuffer[x+1];
      Dntrend[x] = EMPTY_VALUE;
    }
    else              
    if (trend[x]<0)
    { 
      Dntrend[x] = ExtMapBuffer[x]; 
      if (trend[x+1]>0) Dntrend[x+1]=ExtMapBuffer[x+1];
      Uptrend[x] = EMPTY_VALUE;
    }              
    
    //Comment( " trend=",trend[x]);
    //Comment("Down: ",Dntrend[x], "  Up: ",Uptrend[x]);
    }
    
    return(0); 
}

Quoting e.szostok

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Hi
I need help with this indicator. I want added alert, when TSL signal crossing price, but...

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