Support Board
Date/Time: Tue, 17 Jun 2025 02:46:38 +0000
Post From: changing a time based to renko chart
| [2025-04-20 06:24:58] |
| Flawless Cowboy - Posts: 14 |
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I am sure it would be possible if you were able to write a custom study for it and it might be possible through the spreadsheet formula (bar) study, although I am not sure on that maybe Sierra Chart Engineering could comment if that study supports the logic necessary to implement renko charts. I don't know how it would be implemented but I think that there are quite a few issues with something that automatically adjusts the block size, will it just adjust the latest block to the desired size or will it adjust all the other historical bars to the current size as well? If it does alter all the other historical bars then you have distorted those bars from their calculated values, making any analysis you wanted to on them pointless. If your chart constantly changes with the creation of a new bar especially on a renko chart where most trading systems are based upon the bars themselves and how they open or close in relation to past bars, any dynamic aspect posses a massive issue for consistency in how these type of systems work. Date Time Of Last Edit: 2025-04-20 06:26:14
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