The Best Renko Chart? - page 3
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If the data used for it is not anchored to specific time and if it is restarted, it will repaint
Also, without historical tick data, it is impossible to reconstruct historical renko states accurately (explanation : https://qubbit.com/dangers-renko-pitfalls-money-management/ ). That is the second cause of repainting and misleading of renko chart in the past (historical) values. Even in runtime, if the tick to tick change overlaps renko bar limit, it can not be reconstructed accurately which part of the tick-to-tick price change belongs to which bar
Is there a mt version of the modified renko style indicator (described here TRADERS’ TIPS - JULY 2014 - WEALTH-LAB part)
If the data used for it is not anchored to specific time and if it is restarted, it will repaint Also, without historical tick data, it is impossible to reconstruct historical renko states accurately (explanation : https://qubbit.com/dangers-renko-pitfalls-money-management/ ). That is the second cause of repainting and misleading of renko chart in the past (historical) values. Even in runtime, if the tick to tick change overlaps renko bar limit, it can not be reconstructed accurately which part of the tick-to-tick price change belongs to which bar
I agree, that Renko (or any offline chart) may be deceptive, when using coarse sampling as a source. You cannot avoid interpolation in some cases.
But everything else (anchor points, repainting) is in hands of a coder. (I do not understand the part about splitting a single tick, so I cannot comment it).
Is there a mt version of the modified renko style indicator (described here TRADERS’ TIPS - JULY 2014 - WEALTH-LAB part)
Something is wrong with that chart example
Something is wrong with that chart example
Looks like it has variable brick size
If the data used for it is not anchored to specific time and if it is restarted, it will repaint Also, without historical tick data, it is impossible to reconstruct historical renko states accurately (explanation : https://qubbit.com/dangers-renko-pitfalls-money-management/ ). That is the second cause of repainting and misleading of renko chart in the past (historical) values. Even in runtime, if the tick to tick change overlaps renko bar limit, it can not be reconstructed accurately which part of the tick-to-tick price change belongs to which bar
Good link. Thanks
Good link. Thanks
I would like to see a serious study of renko. Anybody knows one?
I would like to see a serious study of renko. Anybody knows one?
Try this :
Abe Cofnas, "Sentiment Indicators - Renko, Price Break, Kagi, Point and Figure: What They Are and How to Use Them to Trade" : the book
In Sentiment Indicators, noted trading expert Abe Cofnas draws on his own trading and training experience as he shares his knowledge about the latest techniques and strategies for using Renko, price break, Kagi, and point and figure tools to successfully analyze all markets.
Written with the serious trader in mind, Sentiment Indicators offers key information on these potential-filled tools and how to use each in shaping trading strategies. Along the way, it provides a practical overview of how to implement these little-known indicators and why each can enhance your trading endeavors.
•Shows how these indicators work in different markets: futures, equities, forex, and others
•Provides a solid understanding of charting techniques and uses real-world examples to illustrate strategies and tactics
•Presents new sentiment research that analyzes word mining and what it means for markets
From historical context and Robot Trading alerts to the critical factors of a trading system, Sentiment Indicators presents a proven approach to trading that will help you identify conditions that have a high probability of profit.Not a bad book
Try this :
Abe Cofnas, "Sentiment Indicators - Renko, Price Break, Kagi, Point and Figure: What They Are and How to Use Them to Trade" : the book
Not a bad bookYou are right : not a bad book at all. Thanks
i got an error saying incorrect DLL version....whos the author of this median renko system?