Date/Time: Tue, 23 Jan 2018 08:11:26 +0000
Post From: Aligned Renko [New Trend Bar] selection not working current ver
|User528970 - Posts: 14|
Thanks for response and time. It is very much appreciated.
To clarify - the reference was to a locked file so the code is not available. I thought the source Renko rang shape/form would be illustrative and explanatory.
0. Assuming a Renko range of 10 then every increment or decrement of price by 10 marks a price rail and a new bar range is rail to rail. Below bar are assumed no wicks.
1. Bar 1: Price falls - a new bar prints with range 350 to 360.
2. Bar 2: Price falls to 340 without touching 360 - a new bar prints with range 340 to 350.
3. Bar 3: Price rises to 350 without touching 330 - a new bar prints with range 340 to 350.
4. Bar 4: Price falls to 340 without touching 360 - a new bar prints with range 340 to 350.
4. Bar 5: Price falls to 330 without touching 350 - a new bar prints with range 330 to 340.
5. Bar 6: Price rises to 340 without touching 320 - a new bar prints with range 330 to 340.
6. bar 7: Price rises to 350 without touching 330 - a new bar prints with range 340 to 350.
7. From the above it can be determined that every reversal has a minimum of two or more bars of the same price range - please see attachment Rail to Rail - 2 and SC - 2.
Summary of above:
Bar 1 is formed between price rails 350 and 360.
Bars 2,3 & 4 are formed between price rails 340 and 350.
Bars 5 & 6 are formed between price rails 330 and 340. (minimum 2 or more more bars reversal)
Bar 7 is formed between price rails 340 and 350.
If the above is not perfectly clear may be better to move on and refer me to programmer for a quote if the above can be implemented via custom study.
Comment: May be of interest - attachment Better Renko illustrates a slight difference to the above - offered by an established charting package.
Date Time Of Last Edit: 2017-11-24 01:28:30