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Date/Time: Sat, 04 May 2024 21:17:47 +0000

Post From: 1X0 and 0X1 prints generated by Numbers Bars on Renko Charts

[2017-03-29 16:56:30] Link To Thread - Link To Post [Go To First Post]
Zosimus - Posts: 345
As seen on the attached chart the numbers bars study generates many 0X1 and 1X0 prints on Renko charts. To my understanding it is unlikely to get so many such prints and they do not reflect the real orderflow at those prices. The problem is that it also causes many imbalance signals (diagonal comparison signals) that are not real too. I guess it has to do with the way Sierra builds the Renko bars. I hope this can be changed. Date Time Of Last Edit: 2017-03-29 16:57:04


Renko_1x0.png / V - Attached On 2017-03-29 16:57:01 UTC - Size: 73.54 KB - 303 views