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Date/Time: Mon, 02 Dec 2024 05:03:17 +0000



Post From: Flex Renko broken in recent builds

[2017-11-20 00:20:16]
Sierra Chart Engineering - Posts: 104368
Of course there is a logic, you're just too obsessed by proving them wrong that you're not trying to understand it.
What we have determined, is that aside from the nonzero Flex Renko offsets for trend and reversal bars, the NT Universal Renko bars, do not follow standard Renko logic in regards to points of reference and the starting of a new bar.

What you end up with is a high to low range at some points of reversals where there could be a complete Renko box shown, but there is simply is not.

Refer to:
http://www.sierrachart.com/image.php?Image=1511137149129.png

Now any average average user will look at that and say why is there not a box there. There should be.

With the 9 different Renko New Bar Mode options, Sierra Chart gives you the full flexibility to accomplish what any user wants now. One methodology simply is not correct. That is clear. What you can see in the Sierra Chart image above, is that the logic you have described, now can be applied even standard Renko bars.


The Ninja indicator and the previous Flex Renko implementation use the virtual Renko open = previous bar close. So they measure everything starting from there.
Once you get that, everything just makes sense. I attach a chart describing very clearly how it works. It is perfectly logic.
It was not this simple but we finally got it in 1647. The more recent changes before this, still were not correct.

Post #64 will have to be explained another time. We cannot spend time on that now, but it is all correct.
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

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Date Time Of Last Edit: 2017-11-20 00:23:49