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Date/Time: Sun, 21 Oct 2018 13:45:12 +0000



Post From: Flex Renko Charting Problem

[2017-12-03 01:33:57]
Sierra Chart Engineering - Posts: 65036
Post #13 has been updated above.

At this point, we are requesting both of you to go through an exercise on your own. the objective of this exercise, will allow you to determine what it is you really want rather than just saying you want the "old implementation", and validate whether what you really want is necessary or not.

And we find it very hard to believe, that any reliance on the prior implementation, cannot be adapted to what we are currently offering especially being visibly, it is identical.

Renko bars are documented here:
https://www.sierrachart.com/index.php?page=doc/RenkoCharts.html

Read through that documentation in order to gain an understanding of Renko bars. We believe it is a very good definitive reference.

Open a chart and set the chart bars to 1 Number of Trades Per Bar. If you need help with this, let us know. Set Chart >> Graph Draw Type to Line on Close. Examine each and every single trade and begin to draw on graph paper or whatever method you find appropriate, Renko bars according to the specifications and also draw another bar representing the true open high low close values.

Using the underlying tick by tick data, and following the relevant specifications based on the particular Renko New Bar Mode you are using and other relevant settings, do you get a different result than what Sierra Chart is providing. If not, then you have to ask yourself, what is Sierra Chart doing improperly. Or what is it that you really are wanting, that Sierra Chart is not doing and does it really make sense in your mind that it should be that way?

If you can express what you want, in actual terms rather than making reference to what was prior, then we will see if we can put that as a different operating mode. You really only have to go through this process for a couple of bars to get an idea of the difference. It should not be that difficult. And it is an important exercise to really gain a good understanding.

It also is important to be very faithful with the handling of gaps. When there are price gaps, make sure the true open, high, low, close do not represent those because those were price levels that never traded.


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And GT trader, in order for you to be balanced and objective, it is important to post this thread in its entirety containing everything we have said. If you want to take things out of context and tell a false story, that is up to you. You are most welcome to do that. But if you are going to be honest and objective, and want to properly express the position of Sierra Chart it is necessary to post this thread in its entirety in your work to expose the truth of this support request thread all over the Internet.
Sierra Chart Support - Engineering Level

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https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

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: 2017-12-03 01:37:49