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Post From: Flex Renko broken in recent builds

[2017-11-07 18:07:31] Link To Thread - Link To Post [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Because like I said on my previous post, the market did not move more than 10 ticks. The Ninja chart and the old 5-4-1-x will plot a reversal bar only if the 10 ticks is exceeded. This makes no sense whatsoever. Normally with the Box Size of 5, price has to reverse by 10 ticks in order for there to be a reversal. With the 1 reversal offset, then price has to reverse only by 9 ticks. Even if another tick is required, with 10 ticks, there should definitively be a reversal. We only convinced at this point, that there is no proper logic with Universal Renko bars in NT, and the previous Flex Renko bars. We implemented them according to the prior documentation: <p> <b>Reversal Offset </b>: A standard Renko has a <b>Reversal Offset</b> of zero, which means that when a new bar is formed that reverses the current trend direction, the Renko Open value of the new bar is equal to the Renko Open value of the prior bar. When you specify a non-zero value for the <b>Reversal Offset</b>, the Renko Open value is offset from the prior bar open by the specified number of ticks. This means that price no longer has to travel as far to form a new bar to reverse the trend direction. Note: <b> Reversal Offset</b> must be greater than or equal to zero and <em>less than</em> the <b>Bar Size</b>. Therefore, we have been proven correct and that we do have a proper and logical implementation. At this point, go ahead and create your own bars. We are done here. We simply cannot implement something that follows no rational logic. 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 For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-11-07 18:08:20