Support Board
Date/Time: Tue, 17 Jun 2025 03:20:04 +0000
Post From: changing a time based to renko chart
| [2025-04-15 20:33:09] |
| Flawless Cowboy - Posts: 14 |
|
There seems to be some confusion here due to the different way TradingView defaults to calculating its renko bars. If you look in the video you posted you can see in the chart title "Renko[ATR(14),1]", what this means is that it is calculating the size of the renko bars based on a 14 period average true range (ATR) value of the symbol, in this case the value it comes up with is 1, this numeric value displayed after the comma is the size of renko bars being displayed on the chart. Knowing this you can use the functionality in Sierra to create renko charts in a similar way. Using a 4hr chart you can add the ATR study to it and use it to find the 14 period value and then divide that number by the symbol tick size and use that value as your renko bar size, eg if the ATR value is 1 then divide that by the tick size of WTI which is 0.01, 1/0.01=100 then you would use a value of 100 for your renko bars in Sierra. I hope this helps you with what you are wanting to achieve. |