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Date/Time: Thu, 09 May 2024 20:16:02 +0000



Post From: Flex Renko broken in recent builds

[2017-11-06 03:56:01]
Sierra Chart Engineering - Posts: 104368
We will write up documentation responses as well but here are the responses.

First we should have no trouble to get what you ultimately want through options which will make the new Renko bars provide the greatest flexibility.


On your new chart, the reversal are sometimes like the previous ones (orange rectangles), sometimes not (blue rectangles). Why this change ?
This part of the documentation explains some of this:

However, in the case of a completed Renko bar, when it is an Up Renko bar, once the price moves below the lower Open price, a new bar begins because a reversal potentially can occur. But this new bar has no known direction until it is established. In the case of a Down Renko bar, once the price moves above the higher Open price, a new bar begins. The reason for this behavior is to support the use of the Numbers Bars study on Renko bars so that the chart bar where the reversal occurs, contains the volume at price data for all of the levels of the reversal bar. Otherwise, this would not happen.

Taking that functionality out, this is what we see:
http://www.sierrachart.com/image.php?Image=1509939583695.png

We will add an option to for that. We also need to add an option, which will start a new Renko bar when the new bar range has been met and not exceeded. We have added this to the code now and this is what we see:
http://www.sierrachart.com/image.php?Image=1509940478496.png


The images you are looking at in the documentation are still old. And not updated.

Moreover, it seems that most consective bars are 1 tick apart, but some are 2 or 3 ticks apart(pink rectangle), and some 0.5 tick apart(yellow rectangle)
This is handled just by filling the gaps using one of the options here:
Renko Bar Charts: Filling of Price Gaps with Renko Bars

The chart images provided in this post, do use Fill All Bar Gaps.

At this point just wait for the new options. So as you can see, with the addition of just simply single-line if statements, we can modify the behavior easily. The new code is very well structured.


The fact is that you did a massive functional change here with no warning,


Finally this really is not a fair statement. To say there is a massive functional change, is completely inconsistent with actual fact. Some change yes, and we can see now that some of the change, were subtle details that we were not aware of. The Renko related development has already been announced on the What is New webpage:
https://www.sierrachart.com/index.php?page=doc/Whats_New.php

Also when you see the interface for how to build chart bars, which is still not done, we need about another two days on this, you will see just how easy it is.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

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Date Time Of Last Edit: 2017-11-06 04:06:33