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Attachments: Renko Block Charts
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Renko Block Charts

  • #601
  • Sep 16, 2010 9:48am Sep 16, 2010 9:48am
I'd appreciate if someone would take some time and add an alert to the final 3.2 version so that a sound alarm goes off when a different color Renko bar is fully completed/closed. Thank you.
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  • #602
  • Sep 23, 2010 10:14am Sep 23, 2010 10:14am
Hi Guys i', using version 1.6 of the Renko script and i'm having huge refreshing issues.. i cannot understand why... can anyone help?

thanks
Alex
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  • #603
  • Sep 23, 2010 11:03am Sep 23, 2010 11:03am
All versions prior to 3.2 were deprecated many months ago ago.
Old Benjamin was right
  • #604
  • Sep 23, 2010 11:23am Sep 23, 2010 11:23am
Quoting Lou G
All versions prior to 3.2 were deprecated many months ago ago.
question: is the 3.2 an EA or a script? could you please attach it here?
many thanks
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  • #605
  • Sep 23, 2010 11:32am Sep 23, 2010 11:32am
Quoting alelualdi
question: is the 3.2 an EA or a script? could you please attach it here?
many thanks
Use the paperclip icon (top right corner of each page) - you'll find it.
Old Benjamin was right
  • #606
  • Sep 23, 2010 12:51pm Sep 23, 2010 12:51pm
Quoting Lou G
1. Use RenkoLiveChart_v3.2 installed according to directions (use the paperclip icon to find RLC_v3.2 and search this thread for installation instructions). Set up your charts on EURUSD.

2. Set blocksize to 10 and don't bother with wicks.

3. Open trade on a basic Renko signal (2 or more down blocks followed by 1 up block, vice-versa for short) with a 30 pip stop.

4. Close half the trade at +10 pips (net +8 after spread), move stop to breakeven and let the other half run until a basic Renko signal in the opposite direction.

5. Trade only between...
Thanks! Very accurate and helpful!

I do have an issue though with this EA - when i load the M2 offline chart , what comes up is not an M2 chart but a longer timeframe chart as waves are 500 pips and more, guess it's the weekly.. any idea why?
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  • #607
  • Sep 23, 2010 12:53pm Sep 23, 2010 12:53pm
Quoting alelualdi
Thanks! Very accurate and helpful!

I do have an issue though with this EA - when i load the M2 offline chart , what comes up is not an M2 chart but a longer timeframe chart as waves are 500 pips and more, guess it's the weekly.. any idea why?
You have to change the size of the pips of the renko bricks in the EA settings, try 5 - 10.
  • #608
  • Sep 23, 2010 12:54pm Sep 23, 2010 12:54pm
Quoting alelualdi
Thanks! Very accurate and helpful!

I do have an issue though with this EA - when i load the M2 offline chart , what comes up is not an M2 chart but a longer timeframe chart as waves are 500 pips and more, guess it's the weekly.. any idea why?
please see pic
[IMG]file:///C:/Users/ALESSA%7E1/AppData/Local/Temp/moz-screenshot-2.png[/IMG][IMG]file:///C:/Users/ALESSA%7E1/AppData/Local/Temp/moz-screenshot-3.png[/IMG]
Attached Image (click to enlarge)
Click to Enlarge Name: bad m2 offl chart.gif Size: 40 KB
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  • #609
  • Edited 3:39pm Sep 23, 2010 3:01pm | Edited 3:39pm
Quoting alelualdi
please see pic
[IMG]file:///C:/Users/ALESSA%7E1/AppData/Local/Temp/moz-screenshot-2.png[/IMG][IMG]file:///C:/Users/ALESSA%7E1/AppData/Local/Temp/moz-screenshot-3.png[/IMG]
RLC_3.2 must be on a M1 chart - that's 1 minute, not 1 month.

Set RenkoBlockSize to 10.

Change offline M2 chart to candles (instead of bars).

Click the + sign on the tool bar until the chart looks right.
Old Benjamin was right
  • #610
  • Sep 24, 2010 5:53am Sep 24, 2010 5:53am
Quoting Lou G
RLC_3.2 must be on a M1 chart - that's 1 minute, not 1 month.

Set RenkoBlockSize to 10.

Change offline M2 chart to candles (instead of bars).

Click the + sign on the tool bar until the chart looks right.
Thank you Lou! now it's working.. i was changing from 10 to100...

last question, do you know it there is a version of the indicator with the alarm for new opening candles?
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  • #611
  • Sep 24, 2010 7:40am Sep 24, 2010 7:40am
Quoting alelualdi
Thank you Lou! now it's working.. i was changing from 10 to100...

last question, do you know it there is a version of the indicator with the alarm for new opening candles?
Thats what I told you four posts back. To change the size of the renko bars....

No there isnt a renko script with alarm.
  • #612
  • Sep 24, 2010 7:44am Sep 24, 2010 7:44am
Quoting alelualdi
Thank you Lou! now it's working.. i was changing from 10 to100...

last question, do you know it there is a version of the indicator with the alarm for new opening candles?
Yes, but not a different version, you just need an indicator that alerts of candle close. Search the forum or look in all the Renko threads

cheers
  • #613
  • Sep 24, 2010 3:05pm Sep 24, 2010 3:05pm
Quoting alelualdi
Thank you Lou! now it's working.. i was changing from 10 to100...

last question, do you know it there is a version of the indicator with the alarm for new opening candles?
i found out! the indicator in the attachment sends alert at any candle close..

thanks for everything Lou!
Attached File(s)
File Type: mq4 CloseAlert PairName.mq4   < 1 KB | 801 downloads
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  • #614
  • Sep 28, 2010 12:52am Sep 28, 2010 12:52am
I just loaded this up. Seems great.
Not sure if its a cpu hog yet. But nice work
  • #615
  • Edited 2:28am Sep 28, 2010 2:27am | Edited 2:28am
Quoting roadtoad
the only way so far, I've found to trade on renko charts, is to open a 3rd chart, or a second online chart. Completely naked, but , at least you can put an ea on it.
That's no answer of course, but we need something, nothing out there so far, seems to work

Whether the EA is attached to the Renko chart or another should not matter in the least as long as it takes the trades correctly. Or did I miss something?
  • #616
  • Edited 1:16pm Sep 28, 2010 1:05pm | Edited 1:16pm
has anyone tried to attach the renko stuff to a chart that's offline already? i trade baskets and there have been basket charts made that are offline that are a "total sum" of all 14 pairs. now when i attach the renko script to the already offline basket M1 chart, it does make a basket renko chart, but it just runs one way and price keep going down when obviously that's not what's happening to price. anybody know how they could solve the problem?
  • #617
  • Sep 30, 2010 3:52pm Sep 30, 2010 3:52pm
Quoting CodeMeister
Whether the EA is attached to the Renko chart or another should not matter in the least as long as it takes the trades correctly. Or did I miss something?
Yes I have a naked chart (the one with the EA v3.2) and the renko offline chart (m2) so i know the trading number levels are the same.
The renko chart looks clean the M1 a mess( the M1 is a messy chart to me)
  • #618
  • Oct 4, 2010 6:35am Oct 4, 2010 6:35am
Quoting EllisEdi
This script is a written a little cleaner, has volume and is a little more efficient than my original one ..great job LastViking , Lou G and everyone who helped and inspired!!!

go here to download:
latest script version
latest indicator version
[url="http://www.forexfactory.com/showpost.php?p=3064969&postcount=371"]latest...
Thanks man, you are great!

And all you other guys in this thread, thanks!
My signature is: "Classified".
  • #619
  • Oct 8, 2010 12:22am Oct 8, 2010 12:22am
Quoting FlintFX
Here you go Forexsaint,

It is possible that everyone can look at the same thing but each individual can see something different. Renko is a clean way to re-represent the same information. Just as line graph, P&F & range bars help some people to see when they look, all have their own advantages & disadvantages over vanilla bars & candles. It is personal taste & individual practice that everyone has to work out what they are comfortable with to be consistently profitable over time.

I am a clean & tidy person who thinks in absolutes & visually...
Flint, are you still trading these renko bars? I'm trying to development a system with them. They looks so much cleaning and pleasing to the eye
  • #620
  • Oct 14, 2010 2:11pm Oct 14, 2010 2:11pm
I have a question, appreciate if someone can help

While trading on Renko Chart, is Wick helpful to indicators to react or Wick is just a Visual tool for a Trader to see price movements.

forgive me for my ignorance, I thought to see expert comments.
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