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Direct MessagesDate/Time: Thu, 16 May 2024 17:38:52 +0000
[Locked] - need Renko bar with wicks!!
View Count: 3368
| [2017-10-18 01:45:37] |
| User85195 - Posts: 60 |
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I need the renko bar with wicks! please bring it back! next time when you do significant changes to bar types, maybe give us some advanced warnings beforehand?
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| [2017-10-18 02:53:51] |
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This is already available. You just simply set the Chart >> Chart Settings >>Graph Draw Type to Candlestick. There is simply 0% difference. Also this internally happens automatically but we realize there may be an issue with some of the small attributes of the candlestick in regards like width not applied. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2017-10-18 15:06:16] |
| User75949 - Posts: 108 |
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yes but it is not working correctly, it doesn't draw the renko realtime with the latest trade, it waits for the completion of the brick, I returned to a previous version (1619 is working fine) please try to solve the issue. Regards |
| [2017-10-18 18:33:46] |
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OK we understand, we will put it back the way that it was before to draw the true open and close values for the last Renko bar. Although not sure how many users want it this way. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-10-18 18:33:58
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| [2017-10-18 20:46:51] |
| User75949 - Posts: 108 |
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That's fine tks regards |
| [2017-10-19 09:50:03] |
| philipvitale - Posts: 15 |
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I hope you bring back the way it was. I too went back to version 1621 to have my renko bars. Candlesticks are not the same. Thanks, Phil |
| [2017-10-19 11:56:48] |
| ktfroy - Posts: 85 |
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Agree with others - Ain't broke don't fix.
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| [2017-10-19 16:58:30] |
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I hope you bring back the way it was. I too went back to version 1621 to have my renko bars. Candlesticks are not the same. Yes they are. There is 0% difference. The only issue, is that if you wanted to see the true Open and Close of a chart bar when using a Renko Bar Period Type, you could use Candlestick rather than the previous Renko Brick with Wicks to do that. So with the change we made that was no longer possible. But if you only wanted to see a normal Renko bar, using Candlestick is 100% the same in the version that does not contain Renko Brick with Wicks. If there is a difference, we need to understand what you are referring to. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-10-19 17:29:58
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| [2017-10-19 17:30:47] |
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At this time update to Prerelease 1625. Here are instructions: Software Download: Fast Update Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2017-10-20 13:01:02] |
| philipvitale - Posts: 15 |
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I downloaded the new version and still see a problem. I might be wrong, but I like renko bars because they are not based on time so a new bar changes after a set tic move in price. Candlesticks instead form a new bar after a set time interval. Anyways I attached chart with the two different versions, there is clearly a difference. http://www.sierrachart.com/image.php?Image=1508504091598.png http://www.sierrachart.com/image.php?Image=1508504427638.png |
| [2017-10-20 13:44:07] |
| Xfanman1 - Posts: 320 |
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I downloaded the new version and still see a problem. I might be wrong, but I like renko bars because they are not based on time so a new bar changes after a set tic move in price. Candlesticks instead form a new bar after a set time interval. Anyways I attached chart with the two different versions, there is clearly a difference.
I noticed the same thing with the latest 1625 Pre-release. Since my thread was locked (after I was asked to try the recent changes), I guess I'll just chime in here. When Renko With Wicks was first removed you had to physically select Candlestick Bars to get the new Renko Bar and your old charts didn't update to it automatically. Then that was addressed with an update after it was brought to their attention and charts would default correctly and they fixed a bar width issue introduced with the new changes. NOW, with the latest update of 1625 and the re-introduction of Renko with Wicks, selecting Candle Stick Bars (as we were asked to try because this is a better implementation of Renko) now gets us a chart that looks like your second #....638 image. In our efforts to assist the SC Engineers I feel like it's sometimes taken as a personal attack on their programming skills and most of the time that is NOT the intent. Most of us just want to assist in identifying potential issues and getting them resolved as expeditiously as possible because we use this amazing software to trade the markets with real $$...not playing a video game. I know this is all time consuming and frustrating to change/implement/get feedback/fix/re-implement/more feedback etc but it is part of the process. I have a background in Software Development and Implementation from a user perspective and Change Management although I am not a programmer (I sometimes wish I were). Change management is part of that process and users and developers are often at odds during that process. I'm trying to keep a good attitude about this because there are some REALLY great features built into SC and I see the Dev team does listen in their own way and is really creative and hard working from the user perspective. I'm a newish user (2 months) to SC but have extensive experience with a variety of other trading platforms. SC's software is truly amazing for what you can accomplish with it and I've convinced a number of people that I trade with to convert to Sierra Chart in the past month based on my experiences with it and I tend to be the "local expert" in these issues. Locking a thread that I started "after" being asked to try and confirm changes, possibly because another user commented later is not a great way to get the user base to assist with product development. I'll slink back into the background for now, maybe longer term users with more posts get more weight when potential issues are identified. Thanks -- Scott Date Time Of Last Edit: 2017-10-20 13:50:42
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| [2017-10-20 13:59:35] |
| ktfroy - Posts: 85 |
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The new renko bars do not work as the traders here would like to see. I think that should be obvious at this point and of prime importance. Please adjust them back accordingly. . thank you |
| [2017-10-20 17:02:58] |
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In response to post # 11, in this chart: http://www.sierrachart.com/image.php?Image=1508504427638.png What is Chart >> Graph Draw Type >> Candlestick set to? Also make sure you are on the current version. Follow the instructions here: Software Download: Fast Update The new renko bars do not work as the traders here would like to see. I think that should be obvious at this point and of prime importance. Please adjust them back accordingly. We have 0% idea what you are referring to here. And no, it is not obvious whatsoever to us. The only issue we have seen is for those who want to use Candlestick with Renko bars as it used to work before, that was not supported. It is now. You need to explain what the issue is. And provide a chart image and start a separate support request and do not post in this one, please.
thank you Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-10-20 17:04:31
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| [2017-10-20 20:58:56] |
| User75949 - Posts: 108 |
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to me now (Version 1625) seems to work fine, I see you have brought back "renko bar with wicks". that's fine. If I'll find any other issue on renko charts I'll let you know regards |
| [2017-10-21 00:17:54] |
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In our efforts to assist the SC Engineers I feel like it's sometimes taken as a personal attack on their programming skills and most of the time that is NOT the intent No. It is merely time management. We are operating under a very very heavy workload and it can only commit so much time to certain things. We will have more to say a little later.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2017-10-22 02:17:58] |
| User68474 - Posts: 195 |
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I have just updated to Version 1626. I have spent the better part of the last 10 months (100's of hours) creating numerous alert formulae based upon Chart Settings Type: Renko Bar (in ticks)/Graph Draw Type: Renko Bricks with Wicks. One of the main characteristics of those bricks was that the data "underlying" (as given in the Tool Values windows)concerning the O-H-L-C values, always matched the printed graphic, and thus "UP" bricks had Close > Open and "Down" bricks had Close < Open. That way, both the "visual" patterns/impressions/perceptions and the "underlying" data were consistent and rational. One could rely on that consistency to create formulae and/or use it in existing studies. Whatever you have done has totally thrown all that work down the drain. I'm seeing "Up" bricks with Close/Last < Open and "Down" bricks with Close/Last > Open. What is happening?? You state in some of the threads above: "OK we understand, we will put it back the way that it was before to draw the true open and close values for the last Renko bar. Although not sure how many users want it this way." I have tried both "Renko Bricks with Wicks" and "Candlesticks". They do not recreate the "way that it was". Please comment upon this. |
| [2017-10-22 03:47:44] |
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One of the main characteristics of those bricks was that the data "underlying" (as given in the Tool Values windows)concerning the O-H-L-C values, always matched the printed graphic, and thus "UP" bricks had Close > Open and "Down" bricks had Close < Open.
This was never ever been the case and this has been so thoroughly documented here for years:Renko Bar Charts: Renko Open, High, Low, Close Values Unless you have the Graph Draw Type on the Renko bar chart set to " Candlestick"? I'm seeing "Up" bricks with Close/Last < Open and "Down" bricks with Close/Last > Open. What is happening?? Make sure Sierra Chart is set for a tick by tick data configuration:Tick by Tick Data Configuration While we cannot say this will never be the case, there could be some incidents of this perhaps for reasons which are not obvious. You need to use the Renko Open and Renko Close Subgraphs as documented. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-10-22 03:49:24
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| [2017-10-22 03:50:35] |
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If I'll find any other issue on renko charts I'll let you know Review the documentation first and think twice before you post further. The basis of this statement is that we have spent enough time on Renko bars. They function as documented. And we cannot commit further time to this unless there is a very very good reason and so far no one has pointed out any genuine issue other than some confusion involving changes related to the Graph Draw Types in relation to Renko bars. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-10-22 03:58:43
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| [2017-10-22 04:52:48] |
| User68474 - Posts: 195 |
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I had a feeling I should not have used the word "underlying" when I was attempting to describe the actual values of O-H-L-C that I actually see in my "Tools Value Window" when I scrutinize brick by brick my Version 1620 charts, using tick by tick configuration, " Chart Settings Type: Renko Bar (in ticks)/Graph Draw Type: Renko Bricks with Wicks.". I am, and have been for a long time, quite aware of what might be the "actual" or "real" data that is used in the background. I'm aware that what you actually use to form the bar from a programming point of view is well documented. THE VALUES in THE TOOL VALUE WINDOW, as I have set up my Renko charts in the past, always state exactly, and consistently accurately, the highs of a properly painted Up brick body matching the "Last"/close price(no upside wicks on an UpBrick)and the lows of a properly painted DownBrick body matching the "Last"/close price(no downside wicks on DownBrick). They do NOT now on Version 1626, using the same "Renko Bar(in Ticks)/Renko Bricks with Wicks setup. So I withdraw my use of the word "underlying" if that will stop the confusion. I'm just really asking if I am to understand that , in fact, you are NOT reinstating the previous way the Renko bars were printed with UpBricks with wicks down (when they have range needing wicks), and solid body High=Last and Last/Close > Open and DownBricks with wicks up (when called for) and solid body Low=Last and Last/Close < Open corresponding to prices as stated in Tool Values Window?
Date Time Of Last Edit: 2017-10-22 05:54:54
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| [2017-10-24 05:10:43] |
| User68474 - Posts: 195 |
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As I stated in my first post to this thread,(though not looking for or expecting sympathy!) 11 months and hundreds of hours of hard work have been devastated and torn asunder by whatever you have done to change the basic "Renko Bar (in ticks)" Bar Period Type/"Renko Brick with Wicks" Graph Draw Type. My customized studies (some with 3rd party expense) were highly dependent upon "Up/Down" bars/bricks with the typical assumption that an Up Bar/Brick had a Close> Open, and a Down Bar/Brick had Close < Open and, by SC default, would be graphically colored as such, as it always was. More importantly, the open/close numbers from my Compact Tools Value Window would always confirm that (not that it really needed confirmation, SC simply defaulted to whatever the chosen graphic color one had chosen for "Up Bar/Down Bar respectively.) I based my conceptual strategies and thus my condition formulae upon that most basic, typical consistency. The "high" of a green upbrick was always the "last/close"(by definition could not have a "wick" on that high), and conversely, the low of a down brick was always consistently the "last/close"(no wick on the low). I have no idea why you chose to make changes to this format. I've gleaned some phrases from your responses to other subscribers' queries to the effect of eliminating "price manipulation", I (can only)guess to satisfy other subscribers' demands for "exactness" or "true and accurate" representation of the "underlying data" used to form the bricks. I "want" to also assume that you are aware of the historical derivation of "Renko" and the prominent reason it has become re-popularized. Traders who obsess for more and more "detail" and data, as it has become more technologically possible, have a plethora of other chart styles and intervals with their "magic" indicators that fit those needs if they so wish(contrary to what many of the successful traders who make up the estimated 5% successful long term traders advise, but that remains a separate topic). Much of your business and efforts are to satisfy that desire. Renko's prime benefit is precisely NOT to "fine-tune" and "time" entries and exits on an ever diminishing timeframe. It is to give a "Gestalt" of trends and reversal of trends on a broader basis, and, if one wishes to add some other kind of helpful refinement, so be it. Many "discretionary" vs. "rules-based" traders have flocked to Renko. But to "deconstruct" the essence of traditional Renko up/down bricks to the point where those bricks are even "mis-painted" graphically, is hard to fathom. I present in the accompanying attached screenshots, two (2) Random Samples of 80 bricks apiece, of the basic Renko Bar/Renko Bricks with Wicks from new Version 1626. I have applied "Color Bar Based upon Alert Condition" with Red Triangles Down for Condition True for Close< Open and Green Triangles Up for Condition True Close> Open. This, obviously, is not for some "strategy", but only to demonstrate the following point: This Random Sample #1 shows 14 out of 81 (17%) Renko Bricks which, though appearing to be typical "up" or "down" bricks, are actually, confusingly, the opposite. These errors actually occur precisely at many "swing" vertices!They do NOT print the same way in earlier Versions. What have you done?? A green up brick should print green and a red one red. In the new Version of "Renko Bar with Wicks" , Random Sample #2 shows that 20 out of 80 (25%) Renko Bricks are now mistakenly (by default) graphically printed(i.e. a traditional UP bar/brick, defined as Close > Open (alerted by green up triangle), was painted Red, and, conversely, a DOWN bar/brick, defined as Close < Open (red down triangle), was painted Green. Such a shame. If you actually are responding to and are catering to an overwhelming demand to change this format, I must defer to that, out of reason, but I'd also like to plea for myself, and maybe a few others out there, who, perhaps, and probably not for the exact same reasons as I, but for their own reasons. would at least like the option, somehow, of choosing, maybe by some kind of drop down/clik-on option, to be able to still use the older, traditional version of Renko with Wicks, while still keeping up with the overall Sierra Charts Updates (i.e. not having to revert back to 1620 forever). I'd appreciate your taking this into consideration. http://www.sierrachart.com/image.php?Image=1508819565385.png http://www.sierrachart.com/image.php?Image=1508818482257.png |
| [2017-10-26 01:54:46] |
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There is no need to write all of this. Refer to support policy: Lengthy and long postings which have an excessive amount of communication and discussion which is completely unnecessary. These have a probability of being disregarded. We cannot possibly handle all of that information. And it is totally unnecessary. One sentence, and the chart image following the instructions here is all that is needed: https://www.sierrachart.com/index.php?page=PostingInformation.php#Image The issue simply has to do with not starting a new Renko bar when potentially a reversal can begin. This is resolved in the latest prerelease. It is now changed that a new bar begins when potentially a reversal can occur. That should resolve the problem you are noticing. This thread is now locked. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-10-26 01:56:23
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