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Direct MessagesDate/Time: Sat, 04 May 2024 17:39:08 +0000
Post From: Renko Bars - differ in day opening price depending on tick size
| [2018-01-03 22:14:36] |
| User264623 - Posts: 26 |
|
Recently, certain products seem susceptible to opening price discrepancies for day session based on tick size in Renko charts. In particular, noted in YM and RTY futures contracts. Attached is a 7 panel comparison of the past few days in the YM futures contract. Renko charts include: 3T, 4T, 5T, 6T, 7T, 8T. OHLC chart include: 5 minute (for reference of the same period). Volume profile is used to help reference the day divisions better comparing the charts. Also a set of yellow arrows denote the 2017-12-29 opening range, and blue arrows denote 2018-01-03 opening range on several of the charts for quick reference. When using full session (evening + day) I have not found this to be an issue, typically only when using day session only. What I'm seeing is sometimes the prior day close is connected (gap filled) to the current day open price, even though no gap fill is selected in the chart settings. Sometimes going from a 5t to 4t, or even # Renko tick size to an odd # will cause the gap to fill incorrectly (or correctly) depending on the particular day. |
 YM - Renko example charts.PNG / V - Attached On 2018-01-03 22:11:23 UTC - Size: 1.28 MB - 366 views Attachment Deleted. |