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Date/Time: Mon, 17 Mar 2025 11:35:06 +0000



Question about Renko Bars

View Count: 1697

[2018-02-25 15:58:36]
doctor10 - Posts: 78
Time signatures are wonky resulting in long renkos to make up gaps.

Similar issue came up around version 1650.

I have attached an image.

Thanks,
image2018-02-25 (6).png / V - Attached On 2018-02-25 15:58:16 UTC - Size: 85.44 KB - 309 views
[2018-02-25 20:17:55]
Sierra Chart Engineering - Posts: 104368
We do not understand at all what you are trying to express.

Also only post an image of a chart using this method here:
https://www.sierrachart.com/index.php?page=PostingInformation.php#Image
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: 2018-02-26 00:30:49
[2018-02-25 20:58:10]
doctor10 - Posts: 78
When reducing the ticks per bar on a renko chart, time isn't being converted correctly. This results in gaps of time being dropped from the chart. As a result of that, large bars are drawn to make up the difference between where time started to be distorted and stopped.

A similar issue popped up around version 1650.

The reason I uploaded that photo was to show a side by side comparison between a pre-v1700 and post v1700. Not going to do that individually because I already arranged this photo for you to look at.
[2018-02-26 00:24:07]
Sierra Chart Engineering - Posts: 104368
We still do not understand this at all. Data is never going to be dropped from the chart when you change the Renko settings. That is just simply an impossibility. We just have to let this go because we are not understanding it.

However, one thing we can tell in the chart image you gave and this is somewhat hard because we cannot see the top line completely, is that it looks as though the tick size of the chart is set wrong. For GC futures it should be set to .1. Refer to:
Chart Settings: Tick Size (Chart >> Chart Settings >> Symbol >> Symbol Settings menu)

So that is the first thing to do is to get the Tick Size and Value Format correct.

And then also reset the scale with Chart >> Reset Scales.
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: 2018-02-26 00:27:28
[2018-02-26 21:42:00]
doctor10 - Posts: 78
Wow did you guys offshore support since we last talked or something?

Your system has never had problems dropping down to lower than standard ticks per bar. I have been running that way regularly for years.
[2018-02-26 21:44:10]
doctor10 - Posts: 78
BOTH OF THOSE FRAMES ARE RUNNING THE SAME TICKS PER BAR. THE ONE WITH DISTORTIONS IN TIME AND PRICE IS POST 1700. THE ONE WITHOUT DISTORTIONS IN TIME AND PRICE IS PRE 1700.
[2018-02-26 21:54:46]
doctor10 - Posts: 78
*TICK SIZE* NOT "TICKS PER BAR"

I run on reduced tick size. Post 1700 sierra chart is distorting the data.

I have been doing this for years so please don't tell me "sierra chart doesn't work that way"
Date Time Of Last Edit: 2018-02-26 21:55:10
[2018-02-26 21:59:06]
Sierra Chart Engineering - Posts: 104368
What do you have the Tick Size of the chart set to?

And why would you make a lower than .1? This does not make any sense.

And if you do, Renko bars will require that the Price Display Format also be set to correspond with the tick size. So you probably at least will want to make that .01.
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
[2018-02-27 13:18:20]
doctor10 - Posts: 78
Seriously did the normal support guys have their jobs sent somewhere?

Regardless of how you think your software should be used I am telling you how I have been using it for years. And what you are saying makes no sense what so ever seeing as in the case of say GC, the price is generated in .1 increments. Changing price display format would only distort the data coming from the API.

I have been running reduced tick sizes flawlessly until 1700. IDK how many times I have to say that for you to take that and work with it before you stop telling me how to conduct my business.

YOU STILL HAVEN'T ADDRESSED WHAT I AM SAYING TO YOU.
[2018-02-27 13:31:51]
doctor10 - Posts: 78
Your last response is as if you have not read what I am saying to you.

"And if you do, Renko bars will require that the Price Display Format also be set to correspond with the tick size. So you probably at least will want to make that .01."

You do realize that I have already said that I have been running reduced tick sizes for years without problems, right?

You do realize that prices are generated in increments based on the security, RIGHT?

Therefore, if I change the price display format anything under minimum generated price for the security sierra chart will create flat lines on your screen in those sections between minimum price increments as they are generated for the security. I know this. I have done this.

If you change tick size you can actually generate more data on actual price movement in its correct price format.

I KNOW THIS AND I USE THIS FACT DAILY. I AM CURRENTLY USING PRE-1700 VERSIONS TO CONTINUE OPERATIONS.

PLEASE DO NOT TELL ME THAT'S NOT HOW SIERRA CHART WORKS AGAIN.
Date Time Of Last Edit: 2018-02-27 13:35:24
[2018-02-27 13:46:19]
doctor10 - Posts: 78
Still no fix on 1707
[2018-02-27 18:08:02]
Sierra Chart Engineering - Posts: 104368
Seriously did the normal support guys have their jobs sent somewhere?
In general there has not been on this Support Board "normal support guys". You are always speaking to the top engineers in most cases.

You also did not tell us what the Tick Size is set to and if the Price Display Format is not set to correspond with it then the result you are going to get is not likely to be as intended.

We cannot provide further help. Due to the new implementation of Renko bars, the result you are getting from the settings you are using, are likely not to be what you expect.

You need to continue to use older versions of Sierra Chart.
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: 2018-02-27 18:09:32
[2018-02-27 19:55:45]
doctor10 - Posts: 78
So you are telling me sierra chart has inexplicably changed?

In GC's case I have been running .001 tick size on .1 price display. THIS HAS BEEN FINE FOR YEARS. No bar size or time distortions.

Seems like you are more concerned about who I think is answering these questions then finding out technically what has changed so that you can fix it.

Telling me that this new found distortion post-1700 is a result of my settings is just not true at is actually just insulting at this point since I am trying to bring your attention to something.

Use v1689 and open GC intraday with 5 days. Set renko to 50, tick size to .001, and price display format .1 then apply.

Do the exact same thing in v1700 and on and see what happens.

Look at the difference and figure out what is going on.

Thank you,
[2018-02-27 20:01:07]
doctor10 - Posts: 78
I am literally running these setting live on 1689 with data from IB
[2018-02-27 20:02:57]
doctor10 - Posts: 78
I cannot accept sorry you are going to have to use an outdated from now on as an answer guys...
[2018-02-27 20:36:03]
doctor10 - Posts: 78
***** YOU WILL ALSO NEED INTRADAY STORAGE TIME UNIT TO BE SET TO 1 TICK ******

Another difference I noticed between pre1700 and post is in Data/trade settings

Instance client ID has to have a visible value now. As in before it could be blank.

IB stop order trigger method has to have a value now. As in before it could be left blank.

Also in the Intraday Data Editor you can see that the values are being stored differently post 1700 at Renko setting=50, Tick size= .001, and price display format=.1.

As in I can find the same data bar to bar at Renko setting=50, Tick size= .001, and price display format=.1. on any two versions before 1700 but post 1700 the data is different.

These are the only other differences I have picked up.
Date Time Of Last Edit: 2018-02-27 20:48:30
[2018-02-27 21:08:28]
doctor10 - Posts: 78
And I want to apologize for the tone.

This has absolutely blind sided me and I don't necessarily want to be forced to stay pre1700 in case of some monumental change down the line.

Sierra Chart has been rock solid through thick and thin. It is only because of it's undeniable reliability that I am so taken aback by such a massive change in outcomes in what to me is standard operating procedure.

Please let me know of any changes to defaults within system that may have been changed at the 1700 update.

Sorry,

Thanks,
[2018-02-28 17:52:54]
Sierra Chart Engineering - Posts: 104368
So you are telling me sierra chart has inexplicably changed?

In GC's case I have been running .001 tick size on .1 price display. THIS HAS BEEN FINE FOR YEARS. No bar size or time distortions.

Renko bars have a new much improved implementation and require the Price Display Format when comparing values. So if the tick size is .001, that extra precision is not used when you set the Price Display Format to .1. This is something we cannot change.


Instance client ID has to have a visible value now. As in before it could be blank.
There is nothing wrong here. This always needs to be set to a value and is automatically set to 0 if needed.


IB stop order trigger method has to have a value now. As in before it could be left blank.
There is nothing wrong here. This always needs to have a value and is set to a default.


Also in the Intraday Data Editor you can see that the values are being stored differently post 1700 at Renko setting=50, Tick size= .001, and price display format=.1.

As in I can find the same data bar to bar at Renko setting=50, Tick size= .001, and price display format=.1. on any two versions before 1700 but post 1700 the data is different.
This makes no sense. There cannot be any problem with this. Also it is not unusual to see the same data record to record. Trades very well can have the same price and volume.

We really cannot help you here. And are prepared to offer you a refund if you are this terribly unhappy. You need to decide if you want to continue to use Sierra Chart.
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: 2018-02-28 17:56:18
[2018-02-28 18:00:35]
Sierra Chart Engineering - Posts: 104368
Refer to our response above.

And once again just adjust the Price Display Format to .001. This should be all that you need to do if you want to use the tick size of .001.
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: 2018-02-28 18:00:55
[2018-02-28 18:21:59]
Sierra Chart Engineering - Posts: 104368
Also have a look at this thread for independent Renko development from another user:
[Announcement] Release of GomRenko Renko bars & GomBang levels on Gomicators

And Sierra Chart now has the ability for users to create their own custom chart bars. So you can always create your own custom Renko bars to accomplish specifically what you need. Let us know if you want the documentation for that.


So you should not have any trouble getting exactly what you need without having to rely on us.
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
[2018-02-28 21:34:10]
doctor10 - Posts: 78
Thank you for the offer but that won't be necessary.

Thank you for restating what you have said. But if you compare the outcome to the example I provided you can clearly see the differences.

Most of all thank you for pointing me towards the independent renko development thread.
[2022-09-01 06:32:01]
TraderTen - Posts: 80
I have had extreme issues trying to change settings on these black-background chart settings windows. Furthermore, over some months I have read many other comments along this line. Truth is, I have to just go on to another chart, as I can not understand how to change settings. Could you give me a clue as to where these settings windows are explained?
[2022-09-01 16:29:39]
John - SC Support - Posts: 38678
Refer to the following:
Settings Windows Interface

You may also find the following of use, related specifically to the Chart Settings window:
https://www.sierrachart.com/index.php?page=doc/ChartSettings.html#NewChartSettingsWindow
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing

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