Renko Block Charts | Page 42 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RENKO Trading SYSTEM - RENKO Indicators 7 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Charts, Charts, Charts! 1 reply

Sticky Renko Charts 5 replies

MA problem on 1/2 block Renko 1 reply

Attachments: Renko Block Charts
Exit Attachments

Renko Block Charts

  • #821
  • Jul 27, 2011 6:27am Jul 27, 2011 6:27am
Thanks for the reply. Can anyone can modify the existing renko live chart script or indicator or EA in such a way that the open price will not float for the current bar.
  • #822
  • Jul 28, 2011 6:05am Jul 28, 2011 6:05am
Quoting vin_yoga
Thanks for the reply. Can anyone can modify the existing renko live chart script or indicator or EA in such a way that the open price will not float for the current bar.
Lou did that in 3.3:

http://www.forexfactory.com/showthre...78#post4187478

(I still think it is wrong though, renko spec the block dose not really exist until the full range is covered, so both open and close is "unknown". A matter of taste I guess.)
  • #823
  • Oct 8, 2011 2:28pm Oct 8, 2011 2:28pm
Quoting mezarashii
this is a true gift to experienced traders. I have been using constant range bars and these beat the pants off of that script. Nothing shows the existence of a trend better than renko, I am a convert. Thanks to both posters with their efforts.

settings on my chart are 20. Happy pips to all.
Please can you state what indicator you used for this beautiful chart?
also do you still trade it?

thanks
  • #824
  • Oct 17, 2011 1:50pm Oct 17, 2011 1:50pm
Hello members. I tried to find post or thread with my problem but I couldn't, so I am sorry if somehow it duplicates already existing post.

Since few day I am fighting with the renko bars. Downloaded few versions even I bought one from mqlservice.net. I re installed my laptop. My hardware is pretty OK for my trading needs. Dual Intel 4gb ram and 129mb Nvdia.

So when I load the renko bars if I try to increase the pip, the chart freezes. It works OK with indicators on 2 pip bar settings. Everything above 2 pip does not work. From time to time after many prayers somehow the MT4 platform manages to calculate 5 pip bar, but this is very rare. I tried on MT4 from FXCM and IBFX, the some problem. I am trying out the Bmans_renko strategy and the hole set up works on 2pips.
if for some reason the platform loads 5 or 7 pip renkos the my chart is looking like this.
http://s1082.photobucket.com/albums/...=renkobars.jpg

I hope you can help me!

thank you very much
  • #825
  • Oct 18, 2011 11:15am Oct 18, 2011 11:15am
Quoting hektorian
Hello members. I tried to find post or thread with my problem but I couldn't, so I am sorry if somehow it duplicates already existing post.

Since few day I am fighting with the renko bars. Downloaded few versions even I bought one from mqlservice.net. I re installed my laptop. My hardware is pretty OK for my trading needs. Dual Intel 4gb ram and 129mb Nvdia.

So when I load the renko bars if I try to increase the pip, the chart freezes. It works OK with indicators on 2 pip bar settings. Everything above 2 pip does not work. From time to time...
First of all you need to settle on what Renko EA you are using to create the Renko chart - if you are using the commercial version you should expect some help from mqlservice. The operator of this business is a FF member and will support his product.

If you are going to use RenkoLiveChart_v3.2 (or 3.3) you can get help from other members at FF. The RenkLiveChart_v3.2 DEFINTITELY works correctly with any block size so if you choose to use it you should have no problems.

In the future when posting charts please use the MT4 "save as picture" facility from the File Menu - the chart you posted is almost impossible to read.

If you are using Windows 7 or Vista that may also be causing problems - there are threads about this on FF.
Old Benjamin was right
  • #826
  • Oct 18, 2011 11:09pm Oct 18, 2011 11:09pm
Try the free renko on here from leo
  • #827
  • Oct 19, 2011 1:35pm Oct 19, 2011 1:35pm
Hi to everyone!

I'm using renko system for trading almost 2 years and it's fantastic!

When I tried to install MT4 om my PC with Win 7 (Intel Quad Core with 4GB RAM) MT4 started to work so slowlly....

I think that I find sollution!

Problem is with number of barrs that Renko use from M1.

I recoded RenkoLiveChart and added option with number of barrs.

It works great!

Good luck to all!
Attached File(s)
File Type: ex4 RenkoLiveChart_v3.4.ex4   12 KB | 2,163 downloads
  • #828
  • Oct 20, 2011 10:41am Oct 20, 2011 10:41am
Quoting Mihailo
Hi to everyone!

I'm using renko system for trading almost 2 years and it's fantastic!

When I tried to install MT4 om my PC with Win 7 (Intel Quad Core with 4GB RAM) MT4 started to work so slowlly....

I think that I find sollution!

Problem is with number of barrs that Renko use from M1.

I recoded RenkoLiveChart and added option with number of barrs.

It works great!

Good luck to all!
Or, you could limit the Max Bars In Chart parameter in MT4 (on the Tools/Options/Chart menu).
Old Benjamin was right
  • #829
  • Oct 20, 2011 4:37pm Oct 20, 2011 4:37pm
Quoting Lou G
Or, you could limit the Max Bars In Chart parameter in MT4 (on the Tools/Options/Chart menu).
Ha,ha,ha,ha,ha !!!!

I didn't try that!

Nice tip!

Thks!!
  • #830
  • Oct 20, 2011 4:39pm Oct 20, 2011 4:39pm
Quoting Lou G
Or, you could limit the Max Bars In Chart parameter in MT4 (on the Tools/Options/Chart menu).
@ Lou G....i have played around with limiting the Max bars, both in Max bars in History and Max bars in Chart, currently mine is set to 50000 in Max History and 20000 in Max Chart.
Like i said i have not completely tested this for long, but when i try and change these settings to like 20000 in Max History and 5000 in Max Chart, my Renko Chart will be to the Far Left of the Screen, just barely can you see but 1 or 2 bars.
No matter what i do at this setting can i get my bars back over into the pain where i can view them.
I tried Scrolling via Auto Scroll, and Moving my brackets which are at top of screen and bottom via Shift, but no success at these lower bars setting i mentioned.
My Question: what are other folks including yourself use for Max bars in History and Max bars in Chart for RenkoLiveChart_v3.2 ?
  • #831
  • Oct 20, 2011 5:26pm Oct 20, 2011 5:26pm
Quoting optionman
@ Lou G....i have played around with limiting the Max bars, both in Max bars in History and Max bars in Chart, currently mine is set to 50000 in Max History and 20000 in Max Chart.
Like i said i have not completely tested this for long, but when i try and change these settings to like 20000 in Max History and 5000 in Max Chart, my Renko Chart will be to the Far Left of the Screen, just barely can you see but 1 or 2 bars.
No matter what i do at this setting can i get my bars back over into the pain where i can view them.
I tried Scrolling via Auto...
5000 bars in max chart will only give you 4 days or less of M1 bars - depending on volatility of Forex and your Renko block size this setting may not provide very many Renko blocks... This is probably your problem.

But I didn't really answer your other question - I have both chart bar settings maxed out to the largest possible number and it does not slow my Linux system down at all.
Old Benjamin was right
  • #832
  • Oct 20, 2011 5:44pm Oct 20, 2011 5:44pm
On another topic about using current version RenkoLiveChart_v3.2 ......
After setting this EA up on a 1 minute chart and then going to offline charts and selecting my 2 minute Renko chart, i would then place the 2 charts side by side on my monitor. The one is the Original 1 minute chart i placed the EA on and the other is the 2 minute offline Renko chart which is set to 1 pip bar.
What i then do is apply all my indicators i use on both charts, as most people know or have seen, when you first load this EA on to a fresh chart and get the Renko bars showing, it looks like somewhat of the Holy Grail as you can see the perfect entry and exit signals.
This is what mine usually looks like, sure enough after a bit of time passes the signals want look as good in a slow market, but still great when the market is really moving.
Anyway back to my experiment with the 2 charts side by side, by doing the following i have seen a Better view as to speak, of the Renko bars, i will change the time frame of the Original 1 minute that the EA was placed on to 5 minute.
What i see is somewhat different than when it was on 1 minute, but better in it's own way.
Then i move to even higher time frame 15 minute, this gives me even different view of the Renko bars, still it has it's own useful character.
I have continued to do this during the day as i am trading and testing on each timeframe to see how it starts to look for awhile, knowing that it seems to look like Holy Grail when first switching to another time frame.
That is why i let it stay on one time frame for awhile to see how the signals look.
The Reason i mention All this is because it is possible to switch time frames off the Original chart the EA was placed, and it is useful for me to see a little bit different view of the Renko Bars, all this without opening up another fresh chart to change it's setting to 2 pi bar o9r whatever size one chose.
It seems to be somewhat the same doing what i am doing in place of having Multiple Renko charts if Trading Only One Pair.
Anyone Else tried doing this to see how the Renko bars look, it gives my a choice of a Possible better entry than using it only on the 1 minute timeframe.
Also try placing the Standard Heikin Ashi Indicator bars onto the screen, this will give a great visual of the bars, from what i have tested, it looks better than just plain Renko bars that you would Normally setup.
If you have not seen this done i am posting a chart that has the following settings:
-1 pip box size on a 5 minute timeframe.
- applied Heiken Ashi- Standard one in Custom Indicators selection on MT4.
- also i am showing some of the Indicators i use.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd renko 5m-10-20-11.gif Size: 26 KB
  • #833
  • Oct 20, 2011 5:47pm Oct 20, 2011 5:47pm
@ Lou G...Thanks for the response , i will maybe try and select more bars and see how everything runs on my windows machine.
  • #834
  • Oct 20, 2011 6:15pm Oct 20, 2011 6:15pm
One thing i forgot to mention about the above chart, is i then right click on the chart, and go into properties and change colors of bars to match colors of Heiken Ashi- example Bar up=White, Bar Down=Red, Bull candle=White, Bear candle=Red.
Thats why the chart looks the way it does.
  • #835
  • Oct 20, 2011 6:52pm Oct 20, 2011 6:52pm
Quoting optionman
One thing i forgot to mention about the above chart, is i then right click on the chart, and go into properties and change colors of bars to match colors of Heiken Ashi- example Bar up=White, Bar Down=Red, Bull candle=White, Bear candle=Red.
Thats why the chart looks the way it does.
U dont need to do that... Just switch to line graph
  • #836
  • Oct 20, 2011 7:07pm Oct 20, 2011 7:07pm
@ Mihailo...the Reason i do this is because i want to see the range of the price in each bar, like what is in a plain old Bar like OHLC, by doing this i can see the Real Range of each bar, as Heikin Ashi want show. and everything seems to stay same color with each Heiken Ashi bar.
but you are right, that would give a Clean chart using line chart.
  • #837
  • Oct 21, 2011 12:32pm Oct 21, 2011 12:32pm
Hi to all!

Nice catch for a friday!

Good luck to all and have a gooood weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: good for friday!.gif Size: 69 KB
  • #838
  • Oct 21, 2011 1:02pm Oct 21, 2011 1:02pm
Quoting optionman
On another topic about using current version RenkoLiveChart_v3.2 ......

If you have not seen this done i am posting a chart that has the following settings:
-1 pip box size on a 5 minute timeframe.
- applied Heiken Ashi- Standard one in Custom Indicators selection on MT4.
- also i am showing some of the Indicators i use.
Best looking Forex MT4 chart I have seen in a very long time - looks damn good!


*** Chart pic in Post #833 above.
  • #839
  • Oct 21, 2011 4:54pm Oct 21, 2011 4:54pm
@ LivestreamFX...Thanks...it's really fun to create a trading screen, this one seems to work decent. i usually have a couple more things on my chart than this pic, as well as a couple more time frames to get better signals, i just wanted to mainly show how the Renko box looks with the settings i mentioned.
  • #840
  • Oct 21, 2011 5:00pm Oct 21, 2011 5:00pm
@ Mihailo...I Really like what you have there on Your MT4 platform, it gives you a Great view of the Short term market with the addition of the 1,5,15 minute timeframes....Excellent layout.
Congratulations on your Trading.
0 traders viewing now