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Date/Time: Sun, 28 Apr 2024 12:54:52 +0000



Post From: Flex Renko broken in recent builds

[2017-11-08 18:12:33]
Sierra Chart Engineering - Posts: 104368
We think you are looking at the wrong place on the Renko documentation page for the description. You need to refer to the Introduction section for the full technical description:
http://www.sierrachart.com/index.php?page=doc/RenkoCharts.html#Introduction

The other subsections, will as necessary describe alterations to the Introduction, like in the case of Flex Renko and Universal Renko or go into more detail where needed.

2. We still have to write up documentation for this. We will see about adding this.


We have looked at your screenshot, and we think the issue involves what is a completed Renko bar. Sierra Chart uses a definition of a completed Renko bar to mean where the open to close is equal to the bar size. The "Exceeded" mode does not alter this definition. And we very strongly question the validity of altering this definition in that case especially in relation to the standard Renko bars.

The concern at this point is not comparison to what was, or to another program, but what makes sense. The point of reference should always be to standard Renko bars, and what is considered a complete bar. If a complete bar is simply determined based upon the distance between the Open to Close, then that is what should be used consistently.
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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