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[User Discussion] - COUNTDOWN TIMER

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[2018-07-16 18:04:59] #1 [Go To First Post]
User262667 - Posts: 36
COUNTDOWN TIMER DOES NOT WORK ON RENKO TICK CHART? PLEASE ADVISE.

[2018-07-16 18:11:30] #2 [Go To First Post]
User9890731 - Posts: 47
why not open 2 seperate charts of the same symbol, one with renko and the other without...

[2018-07-16 19:20:48] #3 [Go To First Post]
User262667 - Posts: 36
THE RENKO CHART I HAVE OPEN IS A 4 TICK RENKO CHART. THE COUNT DOWNTIMER DOES NOT WORK. I ALSO HAVE TICK CHARTS, RANGE CHARTS AND VOLUME CHARTS OPEN. THE COUNTDOWN TOMER WORKS ON ALL OF THOSE BUT DOES NOT OWKR ON THE RENKO CHART. I DON'T UNDERSTAND WHAT YOU ARE TELLING ME TO DO. IF I OPEN UP A SECOND RENKPO CHART WITHOUT THE COUNT DOWN TIMER, IT DEFEATS WHAT I AM TRYING TO DO - THAT IS COUNT DOWN THE TICKS ON THE RENKO CHART?

[2018-07-16 19:28:20] #4 [Go To First Post]
Xfanman1 - Posts: 320
There is no countdown on a Renko bar. It's dependant on price movement, not time or volume or transactions, what would it countdown? -- Scott

[2018-07-16 22:43:16] #5 [Go To First Post]
User262667 - Posts: 36
RENKO COUNTS TICKS ASSIGNED. I HAVE 4 TICKS ASSIGNED. SIERRA ASKS US TO ASSIGN NUMBER OF TICKS WE WANT COUBNTED TO RENKO, JUST LIKE RANGE, VOLUME, TICKS.

[2018-07-16 22:56:58] #6 [Go To First Post]
Xfanman1 - Posts: 320
Excuse my ignorance if I'm wrong....but, a 4 tick Renko bar will form a new bar (depending on which Renko type you are using and your settings) every 5th tick unless you have a reversal candle requiring a larger move. Since price doesn't move in just one direction, what do you wish a Countdown Timer to count? The bar itself is a countdown of sorts. Price could go up 3 ticks, come back 2 ticks, go back up 2 ticks, come down 3 ticks and so on for a period of time all without forming a new bar. It could also reverse at any time. Would your countdown be going Up/Down/Up/Down also? What would that accomplish? Time, Ticks and Volume all count and accumulate something. Time can countdown the seconds left on a 1 minute bar, Ticks can countdown the number of ticks remaining in your 233 Tick chart until a new candle forms, Volume can count down until the target volume of your volume candle is filled. These are all linear measurements. Renko is not linear in the sense that as price moves back and forth there is no accumulated amount to measure(edit: I guess you could accumulate the total number of ticks moved before forming a new bar if that had any value), just a non-linear price movement of (in your case) 4 ticks. -- Scott Date Time Of Last Edit: 2018-07-16 23:09:03

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