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MT4 Renko Indicator no repaint

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Tradeing Trader
556
Tradeing Trader 2014.01.16 11:03 

Hello,

i have find here: https://www.mql5.com/en/code/9839 a Renko Indicator, but this Indicator does change his color sometimes at the first and till the second last bar, it looks like repaint.

I did think Renko Bars did not repaint, is the indicator just not coded good or is it normal that Renko indicators repaint?

whroeder1
14742
whroeder1 2014.01.16 14:46  
That is a terrible implementation. It runs off the current chart and repaints each tick. It's accuracy is dependent on the current bar size.
Tradeing Trader
556
Tradeing Trader 2014.01.16 18:40  
WHRoeder:
That is a terrible implementation. It runs off the current chart and repaints each tick. It's accuracy is dependent on the current bar size.

do you know another renko indicator wich does work correct?
Ex Ovo Omnia
3195
Ex Ovo Omnia 2014.01.16 18:42  
PlanandTrade:

do you know another renko indicator wich does work correct?
Does it need to be an indicator? Most Renko implementations are coded for use with offline charts.
Tradeing Trader
556
Tradeing Trader 2014.01.16 21:51  
Ovo:
Does it need to be an indicator? Most Renko implementations are coded for use with offline charts.

do you know a right working solution?
Ex Ovo Omnia
3195
Ex Ovo Omnia 2014.01.16 23:18  
PlanandTrade:

do you know a right working solution?

There are a few, google them out. I cannot say which one is the best, I use my own implementation.
VabRus
105
VabRus 2014.01.17 07:08  

I think the best way is know how work renko charts and coded by yourself.

I want to test an EA work with renko and my idea is make the code for work in OpenPrice.

Tradeing Trader
556
Tradeing Trader 2014.01.17 09:13  
VabRus:

I think the best way is know how work renko charts and coded by yourself.

I want to test an EA work with renko and my idea is make the code for work in OpenPrice.


I have not find good infos how renko must be code.

from wich price must you start to calculate, when you look back you have just closed candels and like i did understand renko bars are build with tick price.

VabRus
105
VabRus 2014.01.17 14:02  
PlanandTrade:

I have not find good infos how renko must be code.

from wich price must you start to calculate, when you look back you have just closed candels and like i did understand renko bars are build with tick price.


It´s easy, renko charts is based in psycological levels by default configuration, the charts are created depending on the price situation.

It´s hard for my english explain you.

https://www.tradingview.com/stock-charts-support/index.php/Renko_Charts

Ex Ovo Omnia
3195
Ex Ovo Omnia 2014.01.17 21:53  
VabRus:


It´s easy, renko charts is based in psycological levels by default configuration, the charts are created depending on the price situation.

It´s hard for my english explain you.

https://www.tradingview.com/stock-charts-support/index.php/Renko_Charts

It is interesting, that even this chart has defects in wicks around turning points. Now I probably understand, why so many mt4 users are searching for a "good" Renko.
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