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Date/Time: Mon, 20 Aug 2018 19:15:01 +0000



Post From: Flex Renko Charting Problem

[2017-12-01 18:20:36]
Sierra Chart Engineering - Posts: 62799
Flex Renko bars do work properly and anyone can see that. The appearance is the same when using the Renko Bricks Graph Draw Type.

And the work done on Renko bars were to address some problems that did exist and to unify the code base.

Especially considering that the original SC type flex bars are in wide scale use in other programs.
OK we do not get your point here. Flex Renko bars work properly and are identical to another implementation out there. There is no problem whatsoever. That has been proven by other support threads. And actually what we have proven is that in the other implementation, they are incorrectly implemented. But Sierra Chart has an option to perform the same incorrect behavior.

Your question has to do with what is documented here:
https://www.sierrachart.com/index.php?page=doc/RenkoCharts.html#RenkoOHLCValues

The true OHLC values of Renko bars are according to what is documented and previously they should have been according to that as well. If not, then there was implementation problem previously. And that is now resolved.


There are also numerous settings to control when new trend and reversal bars are started. You have enough flexibility.

There is just that anything further we can do. And there is no one, who has any outstanding issues with Renko bars at this time. The remaining minor details have been resolved.

We will not say anything further on this. You just need to use an older version and we did give you the relevant information for that.

One final comment:

do not plot as smoothly as before, and using the OHLC setting you can see that the the open and closes are occurring intrabar all over the place.
Therefore, you should question whether Renko bars make any sense to use to begin with. That is the only rational analysis of this statement. Since what you are seeing is the actual true market activity based upon the initiation and finalization of each Renko bar. You can modify this behavior through the Renko New Bar Mode setting.

We are here to deliver technical excellence, reliability, and perfection and that is what we have done. This is something that all users appreciate whether they are aware of it or not.

In the case where gaps are being filled, you need to understand that behavior and it is documented here:
https://www.sierrachart.com/index.php?page=doc/ChartSettings.html#IntradayChartBarPeriod_GapFill
Sierra Chart Support - Engineering Level

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If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2017-12-01 19:55:21