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Date/Time: Mon, 02 Dec 2024 04:49:55 +0000



Post From: New Universal Renko Bar Changes

[2017-10-17 12:28:18]
Xfanman1 - Posts: 320
I've attached 3 charts below. The First is from SC Version 1620 showing a GC chart. The Renko Bars paint very closely to NinjaTrader Bars which I've included in the 3rd attachment. The 2nd attachment is from SC version 1624. The Renko bars now paint additional bars in place of the old behavior and the NT behavior which was to paint a wick higher or lower instead of another bar. I've highlighted a number of areas on the SC Charts for comparison. I don't know what the "correct" behavior should be just that it's not consistent with the former bars nor with competitors Renko implementation.

In addition, the changes have also affected the MA relationship on all my charts. Is this a result of the additional bars being created instead of wicks or is something else at play? I'm more concerned about this than the additional bars because it does not align with other charts well any longer and after you released the UniRenko Bar Size-Offset-Reversal options recently everything finally aligned almost perfectly with other platform charts.

Of course I can continue to use version 1620 for now but I wanted to highlight these differences in case they were unintentional outcomes of your Renko rewrite.

Thanks much....Scott
imageVersion 1620.PNG / V - Attached On 2017-10-17 12:27:48 UTC - Size: 92.1 KB - 2967 views
imageNew Renko Chart.PNG / V - Attached On 2017-10-17 12:27:57 UTC - Size: 77.1 KB - 1102 views
imageNTRenkoBars.PNG / V - Attached On 2017-10-17 12:28:08 UTC - Size: 389.44 KB - 1177 views