RenkoLiveChart_v600.6.mq4 is having issues for me with wicks still showing up when I have them turned off.
- #1,242
- Feb 22, 2016 11:26am Feb 22, 2016 11:26am
- Joined Feb 2012 | Status: Trader | 3,925 Posts
{quote} Thanks very much for your hard work it is greatly appreciated.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
- #1,243
- Edited Feb 23, 2016 12:59am Feb 22, 2016 12:35pm | Edited Feb 23, 2016 12:59am
- Joined Feb 2012 | Status: Trader | 3,925 Posts
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
- #1,245
- Edited Mar 3, 2016 12:10am Mar 2, 2016 11:49pm | Edited Mar 3, 2016 12:10am
- Joined Feb 2012 | Status: Trader | 3,925 Posts
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
- #1,252
- Apr 6, 2016 3:17am Apr 6, 2016 3:17am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,712 Posts
Let it turn and find your entry.
- #1,253
- Apr 6, 2016 3:35am Apr 6, 2016 3:35am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,712 Posts
Let it turn and find your entry.
- #1,257
- Edited Apr 19, 2016 8:32am Apr 18, 2016 9:07am | Edited Apr 19, 2016 8:32am
- Joined Feb 2012 | Status: Trader | 3,925 Posts
{quote} Hello Phylo (and others), I'm really enjoying using RenkoLiveChart v600.6. I've also been looking into building median renko charts. Based on the above post, what is the best option now for an EA to build median renko charts? Thank you for your time! -Jason
I have no affiliated links or interests with any of the commercial products mentioned below and would instantly drop any for a more suitable product.
I have not been able find a free reliable median renko. I do not use median renko but can comment on standard renko. I ran out of time trying to sort the code for a free standard renko (v600.6)* and purchased a standard renko from az-invest.eu. I have been running the az-invest renko daily since 12-Feb-2016 and have been pleasantly surprised how well it has performed. As far as my own experience goes, which of course does not garantee yours, I am 100 % satisfied and for $35 its a total win in flawless and low resource operation, saved time and reliability. The advert states a license for two PCs. This is misleading as the license is hardware locked per Hard Drive. My trading PCs have Hot-Swap Hard Drive caddies and I do a mirror image duplicate of the current working drive on weekends so that if I have a problem I can immediately hot-swap the currrent drive with the mirror image and I am immediately up-and-running. As the license is per Hard Drive not PC both license allocations are used so cannot be used on a second machine. If only one HD per machine is used then the license would cover two machines. MT4 installations per HD are unlimited.
To test the accuracy of the AZ-Invest.eu product a free trial of Sierra Chart can be downloaded to be used with a FXCM feed and a FXCM UK MT4 Demo can be downloaded. That way both feed and time are spot on. If I remember correctly, but not sure, AZ-Invest offer a 14 day trial before purchase.
If you go down the route of trial before purchase median renko in Sierra Chart is listed as Flex Renko (Box Size-Trend Off-Rev Off). Package 3 at $24/ month includes renko variants and other exotic candles. The minimum block purchase is 1 month. Toward the end of a block a notice of days left will pop on the platform but no email reminders are sent and it is a self renewal service without nagging spam. The Support Board is very fast with official response. After expiration all downloaded data to date will still be available and accessible. FX, Indexes and Commodities real-time data goes back to 2007. It would thus be advisable to save the data file, or make complete backup of the Sierra Chart Folder. Caution: If a Sierra Chart Renko or Flex Renko setting is changed after a block purchase has expired those setting will be lost and cannot be retrieved - renko or flex setting are unavailable on expired blocks. An option is, during the trial period, to download duplicates of the same FX pair and assign each different settings for reference, record and study.
* As mentioned in a previous post v600.6 ShowWicks = false will initially print candles without wicks but after some time will print (only) reverse candles with wicks.
Below is a sample comparision of RenkoLiveChart v600.6 (Left) and the AZ-Invest commercial product (right), both on same MT4 Terminal and hense same data feed.
- The red arrow marks an anomally between the two charts.
- The AZ-Invest chart matches Sierra Chart exactly candle for candle.
- All 3 mentioned charts have the same data feed and time stamp.
- Depending on requirements v600.6 may be adequately accurate and at least good for demo.
EAs are dependent on ticks and during slow markets and weekends ticks are slow or absence resulting in the EA on the M1 chart not updating a change in renko box size on the generated renko chart. One solution is to employ a tick generator to supply false ticks.
See here for free tick generator (also has feature to automatically restart MT4 terminal in case of dropped connection) - https://fx1.net/mt4ticker.php
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
- #1,259
- Edited Apr 27, 2016 12:21am Apr 26, 2016 2:07am | Edited Apr 27, 2016 12:21am
- Joined Feb 2012 | Status: Trader | 3,925 Posts
LiveChartRenko_v600.6 Indicator
Left: RenkLiveChart_v600.6 EA
Right: RenkoLiveChart_v600.6 Indicator
As can be seen the ShowWicks = false problem with wicks showing on reverse candle, as with the EA, persists in the indicator. 
Left: RenkLiveChart_v600.6 EA
Right: RenkoLiveChart_v600.6 Indicator
As can be seen the ShowWicks = false problem with wicks showing on reverse candle, as with the EA, persists in the indicator.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
- #1,260
- Edited 11:14pm May 8, 2016 4:36am | Edited 11:14pm
- Joined Feb 2012 | Status: Trader | 3,925 Posts
Re Enquiry
Code requires - Allow DDL imports - to be checked.
If markets are closed and the M7 offline chart does not show in - File → Open Offline - try closing and opening the MT4 Terminal.
If markets are open but ticks slow changing the M1 chart timeframe to M5 and back to M1 sometimes works to update candles on the renko (M7) generated chart.
Code requires - Allow DDL imports - to be checked.
If markets are closed and the M7 offline chart does not show in - File → Open Offline - try closing and opening the MT4 Terminal.
If markets are open but ticks slow changing the M1 chart timeframe to M5 and back to M1 sometimes works to update candles on the renko (M7) generated chart.
Inserted Code
//+------------------------------------------------------------------+ #import "user32.dll" int RegisterWindowMessageW(string lpString); #import //+------------------------------------------------------------------+
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**