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Date/Time: Wed, 27 Nov 2024 18:55:47 +0000



[User Discussion] - Flex Renko 50-28-0 / Renko Chart Study @ Box 5

View Count: 5500

[2019-01-02 19:56:11]
User371906 - Posts: 141
Hello,

I am using an Flex Renko 50-28-0 which prints very nice.
http://www.sierrachart.com/image.php?Image=1546457058555.png

I looked at the Study Renko Chart (unsupported) and when placed with Box 5 settings prints extremely well, better than my regular Flex Renko.
http://www.sierrachart.com/image.php?Image=1546457167109.png

Is there a way to have Study Renko Chart update correctly or show correct price? (tried to Price Overlay Current Price Line but it wont accept it)

Any input how to achieve such a nice printing chart would be appreciated.

Thank you

g
[2019-01-04 14:04:47]
Bedhog - Posts: 179
Flex Renko charts are the bomb

After setting the Bar Period Type, look at all the choices in the selection box <see image> until you find one that suits your style.

My preference is this one
New Trend Bar After Range Met | New Reversal Bar when Reversal Amount Met
imageflex-renko-options.png / V - Attached On 2019-01-04 14:01:50 UTC - Size: 5.67 KB - 1674 views
[2019-01-04 16:38:17]
User371906 - Posts: 141
BedHog,

Hello,

Agree, indeed they are fantastic charts miles ahead of the traditional ones.

Take a look at attached chart compares both your settings vs mine and give me your opinion:
Comparison is at Heiken Ashi Flex Renko 10-6-0.
New Trend Bar After Range Met | New Reversal Bar when Reversal Amount Met (right Side picture)
vs
New Trend Bar When Range Exceed / New Reversal Bar Reached When Reversal Amount plus 1 Tick (Left side picture /option #3)

I prefer this setting as it has less false signals.

Can you tell me after comparing if you agree and if not why?

Kindly

g
imageRenko Compare.JPG / V - Attached On 2019-01-04 16:36:50 UTC - Size: 187 KB - 2428 views
[2019-01-14 14:16:38]
Bedhog - Posts: 179
Hi. I was trying to match my settings to yours. There is more to like.... add the Numbers Bars Study to your Flex Renko Charts
[2020-04-16 20:51:06]
lucascastro - Posts: 15
Hello,

sorry to get into your post but I need some good readings about Renko charts and setups...any of you would have good recommendations?
[2020-04-16 21:18:20]
Bedhog - Posts: 179
Hello lucascastro,

You can get some interesting results from a Flex Renko Chart.

The Flex Renko by itself shows you a direction of travel, but by adding the Numbers Bars Study, it shows you the pullbacks and retracements in a whole different light.
imageFLEX-RENKO-WITH-NUMBERS-BARS-STUDY.jpg / V - Attached On 2020-04-16 21:17:14 UTC - Size: 405.03 KB - 1699 views
Attachment Deleted.
imageFLEX-RENKO.jpg / V - Attached On 2020-04-16 21:17:24 UTC - Size: 181.59 KB - 1427 views
[2020-04-16 21:37:55]
lucascastro - Posts: 15
wow...thats looks interesting. I will be looking into that. Thanks
[2022-11-13 00:24:11]
greyhaze - Posts: 3
Hello Bedhog pls can you share your renko templates posted in the screens pls?
[2023-01-08 22:23:35]
User810342 - Posts: 4
Hello, I'm having some challenges with the new Renko futures. I'm trying to reproduce the same image attached (It was created using the 5Min chart and the Study Renko Chart (unsupported) set to 10-ticks. Is it not possible to use Renko with timebased charts like daily, Hourly and minutes? Or is there a way to configure the new Renko Flex to produce the same result?
imageRenko Screenshoot.png / V - Attached On 2023-01-08 22:23:11 UTC - Size: 31.73 KB - 418 views
[2023-07-10 13:29:03]
Mr.DaxF - Posts: 44
Hello, Bedhog.
i have seen your post and have some questions about it!?
have send you an message please accpet my contacting.
cheers.
[2023-07-20 14:25:42]
Mr.DaxF - Posts: 44
this i mean :)
imageFLEX-RENKO-WITH-NUMBERS-BARS-STUDY.jpg / V - Attached On 2023-07-20 14:25:14 UTC - Size: 405.03 KB - 359 views
Attachment Deleted.

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