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Help with identifying Renko bar actual highs and lows

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[2024-07-24 00:32:15] #1 [Go To First Post]
User558380 - Posts: 33
Hi! On Renko charts actual price could be higher than the high of the previous bar yet visually the top of the Renko bar appears lower. The same is true for lows. In any event, I'm trying to put some type of indicator on my chart when this occurs. I've attached a copy of my chart and have explained it in more detail. Thanks for your assistance. https://www.sierrachart.com/image.php?Image=1721781040358.png

[2024-07-24 13:59:37] #2 [Go To First Post]
John - SC Support - Posts: 34254
You would need to use the Color Bar Based on Alert Condition to do this. Refer to the following, particularly the section named "Drawing Arrows/Text or Other Styles at the High or Low of Bars": Color Bar Based on Alert Condition The actual High, Low, Open, and Close of a bar is available in the Main Price Graph information. Refer to the following: Renko Bar Charts: Renko Open, High, Low, Close Values The information on alerts can be found at the following link: Study/Chart Alerts And Scanning For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2024-07-24 14:00:17

[2024-07-24 18:55:50] #3 [Go To First Post]
User558380 - Posts: 33
Hi John! Thanks for your quick response. I'm familiar with coloring a bar based on an alert condition and have read through the Renko bar attachment you provided. I've tried a couple of times to input the correct formula but I just can't seem to get it. If you have time, no rush, could you give me an example of how the formula should look? Thanks much.

[2024-07-24 20:02:42] #4 [Go To First Post]
John - SC Support - Posts: 34254
First, you would need to determine if the bar is Up or Down. To do this, you would need to check the Renko Open of the current bar against the Renko Open of the previous bar. You will also need to ensure that you do not get a result at an inflection from down to up trend. Then you can test for a Higher High or a Lower Low. Here is what I came up with for a Down trend: =AND(ID0.SG22 < ID0.SG22[-1], ID0.SG22 > ID0.SG23, H > H[-1]) You would have to change this around for the Up trending situation. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

[2024-07-24 23:18:48] #5 [Go To First Post]
User558380 - Posts: 33
You are the best, John!! It's working and just what I wanted. Thanks so much!

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