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Renko Block Charts

  • #1,021
  • Aug 21, 2012 6:19am Aug 21, 2012 6:19am
Quoting Demos4x
Ithink I have given the wrong idea when I posted the indicator, it wasn't me that created this EA. The credits goes to bgrtz in another forum.

Unfortunately I'm not a coder, I can't correct this problem. Maybe someday some coder will pick this up and correct.
Yeah. I actually wanted the original or the mtf version fixed but whichever it is since its based on the same code the others could be corrected too.
  • #1,022
  • Aug 21, 2012 12:12pm Aug 21, 2012 12:12pm
Quoting SpacyTrader
Yeah. I actually wanted the original or the mtf version fixed but whichever it is since its based on the same code the others could be corrected too.
I'm sorry but I didn't understand what you said.
  • #1,023
  • Aug 21, 2012 2:44pm Aug 21, 2012 2:44pm
Quoting Demos4x
I'm sorry but I didn't understand what you said.
I meant I actually wanted the renkolivechart 3.3 or mtf renkolivechart 1.1 to display the same thing both in real time and after you reloaded it. And since mean renko is based on renkolivechart 3.3 the fix could easily be ported. I thought I was clear.
  • #1,024
  • Aug 21, 2012 4:12pm Aug 21, 2012 4:12pm
Quoting SpacyTrader
I meant I actually wanted the renkolivechart 3.3 or mtf renkolivechart 1.1 to display the same thing both in real time and after you reloaded it. And since mean renko is based on renkolivechart 3.3 the fix could easily be ported. I thought I was clear.
I get it now, I was confuse because i didn't know there was MTF renkolivechart 1.1.

What the MTF renkolivechart 1.1. do?
  • #1,025
  • Aug 21, 2012 11:27pm Aug 21, 2012 11:27pm
Quoting Demos4x
I get it now, I was confuse because i didn't know there was MTF renkolivechart 1.1.

What the MTF renkolivechart 1.1. do?
A single ea added to one chart it can generate 3 renko charts- like one 5 pips, another 8 and yet another 20 or whatever numbers. I thought I didnt need mtf but found a use for it.
  • #1,026
  • Sep 4, 2012 1:39pm Sep 4, 2012 1:39pm
I have a question ..i know it will probly simple and mosly cosed by my.
Can anyone tell my why does my chart look like this, when the other is normal??
The same thing seems to be hapening when i switch from my live to demo and i dont know why, can sobody help me??
TY
Attached Image (click to enlarge)
Click to Enlarge Name: 1..PNG Size: 36 KB
  • #1,027
  • Sep 4, 2012 2:21pm Sep 4, 2012 2:21pm
Because you have your chart view in bar chart. Switch in candlesticks.
  • #1,028
  • Sep 5, 2012 6:38am Sep 5, 2012 6:38am
Thats not rly the point of what im saying, its not about the looks but why isynt it a full chart. I can only see so many price as show in the picture, cant see nothing more, cant go back with the price or anything
TY
  • #1,029
  • Sep 5, 2012 8:01am Sep 5, 2012 8:01am
Hi guys!
Who knows how to set chart like this?



http://i.imgur.com/oiZPe.png
  • #1,030
  • Sep 6, 2012 8:51am Sep 6, 2012 8:51am
Quoting Alianzer
Thats not rly the point of what im saying, its not about the looks but why isynt it a full chart. I can only see so many price as show in the picture, cant see nothing more, cant go back with the price or anything
TY
try to load more bars in the 1-min chart where you run the renko ea. (shut off autorefresh and press the curser back button on your keybord and hold your finger there untill the chart stops running backwards. then turn on autorefresh again. close your mt4. open mt4 again. now you have full history)
  • #1,031
  • Sep 6, 2012 12:11pm Sep 6, 2012 12:11pm
Quoting marley60
try to load more bars in the 1-min chart where you run the renko ea. (shut off autorefresh and press the curser back button on your keybord and hold your finger there untill the chart stops running backwards. then turn on autorefresh again. close your mt4. open mt4 again. now you have full history)
I figured it erlier myself, but thanks for the efort
  • #1,032
  • Sep 7, 2012 12:43am Sep 7, 2012 12:43am
Quoting marley60
try to load more bars in the 1-min chart where you run the renko ea. (shut off autorefresh and press the curser back button on your keybord and hold your finger there untill the chart stops running backwards. then turn on autorefresh again. close your mt4. open mt4 again. now you have full history)
or.... press ctrl + home on the 1 min chart to get to the beginning of your history then apply your ea. ( saves the white finger holding the back button!!!!)
  • #1,033
  • Sep 7, 2012 5:04am Sep 7, 2012 5:04am
Quoting Fourxxxx
If you want back tests that are anywhere near accurate you need to download tick data. Metatraders back testing is flawed and only gives a simulation within each bar.

It takes some time and work but following these instructions to download and setup tick data testing is well worth the effort.
I've tried Birt's TDS but at the end it doesn't support Renko.
  • #1,034
  • Sep 24, 2012 8:35am Sep 24, 2012 8:35am
got a mean-renko system running. and now Im searching for renko box close alarm script/ea. is there any alarm-tool out there?
thanx in advance
  • #1,035
  • Oct 5, 2012 1:13pm Oct 5, 2012 1:13pm
Quoting ProfNuke
got a mean-renko system running. and now Im searching for renko box close alarm script/ea. is there any alarm-tool out there?
thanx in advance
Hi ProfNuke.

I have attached a couple of indicators that may help you.

The New_Candle_Alarm will alert you when a new candle(Brick) opens.

The RenkoColorChangeAlarm will alert you when the brick has closed in the reverse direction of the previous brick.

1greyfox
Attached File(s)
File Type: mq4 New_Candle_Alarm.mq4   1 KB | 1,017 downloads
File Type: mq4 RenkoColorChangeAlarm.mq4   2 KB | 1,283 downloads
  • #1,036
  • Oct 5, 2012 9:27pm Oct 5, 2012 9:27pm
hi guys,

im new to the forum and i'd like some clarifications on renko charts. i currently hold 2 demo accounts and have been using renko on both accounts quite recently for back testing.
i observe that although the brick sizes are set on the same no. of ticks + same time frame + same pairs, somehow the bricks are layered out differently. (Pls see attachment).

Why is this so? How do I rectify it?
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 63 KB
  • #1,037
  • Oct 8, 2012 8:11am Oct 8, 2012 8:11am
Quoting kkhus
hi guys,

im new to the forum and i'd like some clarifications on renko charts. i currently hold 2 demo accounts and have been using renko on both accounts quite recently for back testing.
i observe that although the brick sizes are set on the same no. of ticks + same time frame + same pairs, somehow the bricks are layered out differently. (Pls see attachment).

Why is this so? How do I rectify it?
My guess is, it's due to slight difference in broker's data. I can pick up the difference from two broker's bar charts you posted.
  • #1,038
  • Oct 8, 2012 1:53pm Oct 8, 2012 1:53pm
I am trying RenkoLiveChart_V3.2 EA version and I see wicks on every candle. So, Renko is just constant candle body not constant range. I suppose this is more a truthful display of price than the one not showing the wicks. Any indicator will be based on previous candles up to the current one. An EA based on the indicator could still issue a false signal since the current candle is not a Renko block until it closes. Am I getting it right?
Range Bar chart, on the other hand, is truthfully showing the price in constant increments.
I can't decide which is better.
  • #1,039
  • Oct 8, 2012 5:45pm Oct 8, 2012 5:45pm
This is really nice work!thanks
Mean Reversion
  • #1,040
  • Edited 1:22pm Oct 14, 2012 1:00pm | Edited 1:22pm
Quoting mfurlend
I've looked through this thread and other places but I could not find any information on the following:

I want to backtest REAL (tick-derived) Renko. Not pseudo-renko derived from M1 data.

I have dukascopy tick data, but the best I can do is convert it to an .FXT format. I have no way to import this data into MT4 and run a renko script on it.

I know that to backtest renko I need to convert it to a standard timeframe on a fake server, etc.... but how can I get the renko indicator to use my .fxt data?
Here is a quick hack I wrote in one line that works in UNIX:

cat EURUSD_DUKAS.csv | perl -ne ' @a=split /,/,$_; $a[0] =~
s/:\d+\.\d+$//; $a[0] =~ s/(\d+:\d+)$/\,$1/; $a[0] =~ s/\s//g;
print $a[0].qq(,).$a[1].qq(,).$a[2].qq(,).$a[1].qq(,).$a[1].qq(,).($a[3]+$a[4]).
qq(\n) ' > EURUSD_MT4.csv
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