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MT4-Indicator: Adjustable Shift Renko Chart Builder Indicator

  • #121
  • Nov 3, 2013 9:19am Nov 3, 2013 9:19am
MY MACD Version

Hi, Guys here is my MACD version for GeoRenko.

Note: if you set ParCalc to :true, just don't use big slow period if your CPU not strong enough because this type of calculation really consume your resources

As usual there is option to auto resize histogram when you zoom in or zoom out.

The default period is not 12.26.9 but I adjust it for match with renko 8/12.5%

Attached Image (click to enlarge)
Click to Enlarge Name: 20131103-MACD for GeoRenko.png Size: 405 KB


Enjoy and Best Regard

Attached File(s)
File Type: ex4 ! MTH ParMACD for GeoRenko v01.ex4   10 KB | 1,328 downloads
  • #122
  • Nov 3, 2013 9:33am Nov 3, 2013 9:33am
Thanks Kiads for you answer!

I actually am looking for explanation of some of the settings, like the settings 'Histo Shift',' Mode Fast' and 'Threshold'.
I'll have a look into the code and hope to find answers in there.

Another Q I have: can I also use, instead of 8 / 12.5%, other combinations like 16 / 25% in a DemianRenko (Artur Zas') when using GeoRenko indicators?

Regards,

Ben
  • #123
  • Nov 3, 2013 9:54am Nov 3, 2013 9:54am
Quoting campco
Thanks Kiads for you answer! I actually am looking for explanation of some of the settings, like the settings 'Histo Shift',' Mode Fast' and 'Threshold'. I'll have a look into the code and hope to find answers in there. Another Q I have: can I also use, instead of 8 / 12.5%, other combinations like 16 / 25% in a DemianRenko (Artur Zas') when using GeoRenko indicators? Regards, Ben
Yes, My Friend

You can use all this indicators in any renko type.

Maybe you can check my post about how to determine period of indicators for your renko type.

best regards.
  • #124
  • Nov 3, 2013 10:06am Nov 3, 2013 10:06am
Hi Guys, you can use all of this Indicators with GeoRenko name for any type of charts, of course you must adjust its setting according to your setup.

The Default setting here especially use in fixed (one to one size) 8/12.5% renko chart for Geometrical purpose where the 'angle' is so important for measuring some projection concept (not future prediction but future projection of price movement).

just like this example picture, that I use MACD 'angle' for projecting future movement of price.

Attached Image (click to enlarge)
Click to Enlarge Name: 20131103-example of MACD angle use in GeoRenko.png Size: 530 KB


but please forgive me that i can't explained any detail of this geometrical charting because it will need a lot of time and this thread is not the right place to do that.

best regards.
  • #125
  • Nov 3, 2013 11:49am Nov 3, 2013 11:49am
Good time "Kiads". Would like to talk about "Renco with a shift". My native language that is not English, this is the same with the translator. Question: is it possible to make the type Renko , but no shift? (or 100% shift) I don't know how to accurately determine. Start of a new bar, candle starts to pick up or down and reaching in any direction "RenkoBoxSize" begins a new candle. I tried to work with the code RenkoLiveChart_v3.2 author "LastViking". A bit hard! Can You help. Considering how many developments on the website. Or maybe it will be interesting for You. Sincerely, Alexander.
  • #126
  • Nov 3, 2013 6:02pm Nov 3, 2013 6:02pm
Quoting Kiads
... just like this example picture, that I use MACD 'angle' for projecting future movement of price.
Without any disrespect, I doubt that the MACD angles drawn on your pic have any significance. If you increase/decrease the MACD sub-window, your angles will be different and will also change the view on the price chart. Same with zoom in/out.
MT4/MT5 EAs/Indicators/Alerts coder
  • #127
  • Nov 3, 2013 7:18pm Nov 3, 2013 7:18pm
anyone know a way to get H4 FX Fish on a H1 chart?
  • #128
  • Nov 3, 2013 9:04pm Nov 3, 2013 9:04pm
Quoting FerruFx
{quote} Without any disrespect, I doubt that the MACD angles drawn on your pic have any significance. If you increase/decrease the MACD sub-window, your angles will be different and will also change the view on the price chart. Same with zoom in/out.
Yes Sirs, that exactly 100% correct. that why I already explain that it's too difficult to explain how to do it in just couple posts.
but in short, first we must use fixed one to one size graphic with selected min max that we must set according to some calculation depend on the ratio of all times HH and LL of the pair, then we also set the size the sub window to be fixed in percentage size using some external overlay pixel counting program and also set the MACD min/max size, and of course we must select only one zoom size and never change it.

Basically this is just like we create a map with scale. the term 'chart' is other name of 'map'. the theory came from old 'navigational' calculation, the example in today use just like how GPS determine the position and projecting the next movement of object with 'triangulation' of 'continue' information that the object give.

Well is not perfect but little bit close to it.. lol

I hope i'm not explaining wrong, and thank you for your guidance.

Happy trading and best regards.
  • #129
  • Nov 3, 2013 9:11pm Nov 3, 2013 9:11pm
Quoting expertboss
Good time \"Kiads\". Would like to talk about \"Renco with a shift\". My native language that is not English, this is the same with the translator. Question: is it possible to make the type Renko , but no shift? (or 100% shift) I don't know how to accurately determine. Start of a new bar, candle starts to pick up or down and reaching in any direction \"RenkoBoxSize\" begins a new candle. I tried to work with the code RenkoLiveChart_v3.2 author \"LastViking\". A bit hard! Can You help. Considering how many developments on the website. Or maybe it...
Hi. My Friend Alexander

Please forgive me that my English also really bad, so when i read this translation result i just like old blind turtle wanna cross the street..

So, correct me if i'm wrong, do you mean you want to create standard renko chart from this adjustable shift renko ? what for ?

Please give me some explanation with picture if you have a time..

Thank you and best regards
  • #130
  • Nov 3, 2013 9:14pm Nov 3, 2013 9:14pm
Quoting fire680
anyone know a way to get H4 FX Fish on a H1 chart?
Hi My Friend Fire 680,
You must have MTF version of FX Fish
Best Regards
  • #131
  • Nov 3, 2013 9:14pm Nov 3, 2013 9:14pm
Quoting Kiads
{quote} Yes Sirs, that exactly 100% correct. that why I already explain that it's too difficult to explain how to do it in just couple posts. but in short, first we must use fixed one to one size graphic with selected min max that we must set according to some calculation depend on the ratio of all times HH and LL of the pair, then we also set the size the sub window to be fixed in percentage size using some external overlay pixel counting program and also set the MACD min/max size, and of course we must select only one zoom size and never change...
I agree if all is fixed.

However, all has to be recalculated when the price goes out of the "map" !
MT4/MT5 EAs/Indicators/Alerts coder
  • #132
  • Nov 3, 2013 9:20pm Nov 3, 2013 9:20pm
Quoting FerruFx
{quote} I agree if all is fixed. However, all has to be recalculated when the price goes out of the \"map\" !
Yes Sir, but as long as we already get our 'scale' ratio then next area of the chart will not too difficult to calculate.. just like 'seeing' ordinary map in the jungle or in the middle of dark ocean when we lost... lol
  • #133
  • Nov 3, 2013 9:21pm Nov 3, 2013 9:21pm
Quoting Kiads
{quote} Yes Sir, but as long as we already get our 'scale' ratio then next area of the chart will not to difficult to calculate..
That's right!
MT4/MT5 EAs/Indicators/Alerts coder
  • #134
  • Nov 3, 2013 9:51pm Nov 3, 2013 9:51pm
Quoting FerruFx
{quote} That's right!
Thank You Sirs,

Actually I still learning how to make it automatically, but this is beyond my limited knowledge in mql4 programming.

the basic idea is came from such tools like GPS, Radar, Sonar.. etc which use same calculation formulas that 'pinging' last position reporting by object (current price is also object with her co-ordinates in the map), and compare it with previous position to determine next direction, traveling speed with consideration of wind speed and direction, tidal/curve, etc, etc, but the point is this tool can plot the movement to the screen with some accuracy.

The Ideal example is like 'fish finder' tools of fisherman ship. This tool can find fish location and continuously reporting the position, when the fish group movement course itself is semi patterned random, (just like price movement.. lol).

I believe they 'face' more difficult situation in their chart compare to our chart, the 'fish' can go anywhere in all direction, when we only have two directions to consider, north east or south east..
  • #135
  • Nov 3, 2013 10:03pm Nov 3, 2013 10:03pm
Quoting Kiads
... when we only have two directions to consider, north east or south east..
Wrong ... there's a 3rd direction for our price : east (flat !)
MT4/MT5 EAs/Indicators/Alerts coder
  • #136
  • Nov 3, 2013 10:11pm Nov 3, 2013 10:11pm
Quoting FerruFx
{quote} Wrong ... there's a 3rd direction for our price : east (flat !)
Yes Sirs, its true the main direction of course to the east nothing else.. lol
but i talk that base on the shifted GeoRenko that only have 2 directions movement 45 degree or 315 degree..
  • #137
  • Nov 3, 2013 10:52pm Nov 3, 2013 10:52pm
Hi Guys,
someone ask me by PM but I will answer here.

Q; can we build tick chart with this renko type ?
A: Yes, we can build 'tick chart look like' renko chart by use 1 point brick size and shifting 10% (that mean 1 pipette increment). but you must have strong CPU to do that, and set the maxbar limit not to big.

here is the example picture

Attached Image (click to enlarge)
Click to Enlarge Name: 20131104-Tick chart with shifted renko 1p.10%.png Size: 325 KB


hope it help and best regard
  • #138
  • Edited 11:35pm Nov 3, 2013 11:24pm | Edited 11:35pm
Lol.. and the question continue..
actually we will more convenience if you ask here, but I admire your 'privacy', to ask by PM but i prefer to answer all PM related to this adjustable shift renko here, so I can anwer similar questions one time, not repeatedly

next Q: it is not look like 'tick chart' but small size renko chart

A: Yes, a better than tick chart, but of course you can change this renko chart to line chart, and limit the size in chart property for small range just like this example of USDJPY bellow,

Attached Image (click to enlarge)
Click to Enlarge Name: capture-20131104-line charting renko 1p.10% to better tick chart view.png Size: 293 KB


Attached Image


Hope it help and best regard

ah yes the MA's Setting

Thick Green SMA 1000 that mean (100 point simple averaging) Magenta Line SMA 200 (20 point averaging) and Blue Line SMA 50 (5 point averaging)..
Happy Scalping then...
  • #139
  • Nov 4, 2013 2:11am Nov 4, 2013 2:11am
Hello, /Kiads/
If Your indicator to put BoxShiftPercent = (10 || 1) % in one minute will be a lot of bars. My task on the contrary compress time - let the price fluctuates in a bar,as you like, until not exceed the upper limit of the price in any direction. Accordingly succeed: BoxShiftPercent = 0 % . Will we end up not trendy bars Renko, and flat bars, type of channel bars. I tried to draw as we could.
Yours Faithfully /Alexander/.
Attached Image (click to enlarge)
Click to Enlarge Name: 555.JPG Size: 57 KB
  • #140
  • Nov 4, 2013 3:01am Nov 4, 2013 3:01am
Quoting expertboss
Hello, /Kiads/ If Your indicator to put BoxShiftPercent = (10 || 1) % in one minute will be a lot of bars. My task on the contrary compress time - let the price fluctuates in a bar,as you like, until not exceed the upper limit of the price in any direction. Accordingly succeed: BoxShiftPercent = 0 % . Will we end up not trendy bars Renko, and flat bars, type of channel bars. I tried to draw as we could. Yours Faithfully /Alexander/. {image}
Hi My Friend Alexander,

maybe you can learn this codes for type of renko chart as your description if i'm not wrong..

this is EA type of renko builder with new parallel brick created if price still in boundary of the size limit but change direction

it will look like this picture bellow;

Attached Image (click to enlarge)
Click to Enlarge Name: 20131104-Parallel Renko Chart 10p USDJPY.png Size: 210 KB


hope it help and enjoy..

best regards

Attached File(s)
File Type: mq4 Renko_Live_Jake_para_real_v5.mq4   15 KB | 1,525 downloads
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