Support Board
Date/Time: Thu, 28 Nov 2024 00:31:44 +0000
Creation of Renko Bar
View Count: 983
| [2014-10-19 20:40:19] |
| User13668 - Posts: 294 |
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Just want to make sure I understand how these are formed. have read the documentation. If you take a standard Renko bar with Graph Draw Type of Renko Brick with Wicks. Instrument is the ES. Brick size is 4 ie 4 ticks or 1 point. Lets assume the market is moving down and the current bar has opened at 1881.00. So this Renko bar will be completed (assuming market keeps moving down) at 1880.00. I assume Sierra treats the bar as completed (ie draws/paints it as a down bar) as soon as the FIRST trade takes place at 1880.00 (or lower)? If we assume only one trades takes place at 1880.00 then I assume a new down bar is not yet created (but the current bar will be drawn/painted as completed) and if price moves back up and continues inside the first bar's price range (1881.00 to 1880.00) a new down bar will still not be formed until the NEXT trade that takes place at 1880.00 (or lower). Have I got the above correct ie it takes the 2nd trade at the closing price for the new bar to start drawing? In addition if the 2nd trade is not at 1880.00 but gaps down and trades at 1879.75 then I assume the new bar starts trading (being drawn) but the Renko open price will be drawn to be 1880.00 even if price never gets back to 1880.00 - correct? Thanks |
| [2014-10-22 05:05:46] |
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This is still being reviewed.
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 |
| [2014-10-24 22:28:42] |
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The Renko documentation here has been updated to answer these questions: http://www.sierrachart.com/index.php?page=doc/doc_RenkoCharts.html We are performing a technical review to make sure it is all correct. This should be done by the end of the day. 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 |
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