It is because you have to use new metatrader 4 compatible version - the attached
PS: corrected average (the "ca" in the name means that) if applied to non-repainting average (like T3 is) is not repainting,. So that indicator does not repaint
I really appreciate all the help you give. My question is concerned in Renko charts, which honestly are new to me. There are so many Renko experts and indies on the web, and they are all different in some way or another, which one repaints or not, and I’m not sure which one to choose to dig into Renko. Would you please recommend an expert you think is the best or better one than others? Thank you in advance.
There is no such thing as best renko
All in all, even with anchoring, you are going to get different results from day to day (up to straight forward repainting) on any renko implementation. That is its nature ....
Do these indicators repaint, please?
I think that the three first ones do but perhaps the fourth one does NOT. Am I right?
Many thanks in advance!
Did you test them?
Easiest way is to test them in visual back test or on 1 minute chart
No, I did not because the market is closed.
Tomorrow I will be able to test them on 1 minute chart but...
how do you run the visual back test if the market is closed? I do not know how to. Thanks!
Use the attached EA.
Start testing it in visual mode and attach any indicator you want to test to the chart you get (the ea will do nothing - the only purpose of it is to have a blank visual back test window which you can then use to attach indicators). From time to time go to indicator properties and click the OK (no need to change anything in the parameters) That way you can test them very quickly
I will do it... Thanks, Mr. Mladen.
And yes, the fourth one also repaints...
I learned something else... Thanks!
Mr. Mladen, will you please attach your below indicator but with a sound alert? I guess you must have it... Am I right?
Thank you for your generosity mladen.
I have a few concerns regarding its settings.
What are Divisor, filter and precision? Any reference to their formula?
From what i see, if we increase divisor - the line will become closer to price. I only can guess.
What is acceptable range for precision?
Above is 2 charts using different divisor settings.
In what order should i change the settings? Because at times, the modified settings look almost the same in charts? Please guide.
can you post that indi here..