In Renko charts, when ATR is selected as box size, the box size never changes.

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  • 05/02/2021 at 11:12 PM #168622 quote
    XORANDNOT
    Participant
    Senior

    The box size remains constant all over the whole chart. It appears to me that ATR[periods] is only determined once at the beginning of the chart and then never changes again. This makes no sense at all, because the ATR method should adapt the box size to currrent volatility. The higher the current ATR, the higher is the box size. I think this is a bug that should be corrected.

     

    For Kagi, point & figure, and range bar charts, there is the same bug. ATR remains always constant throughout the whole chart and the box sizes never change.

    05/03/2021 at 8:07 AM #168626 quote
    Nicolas
    Keymaster
    Master

    This is not a bug. At first load of the chart, the ATR size of the renko bricks will be determined with the last current ATR[14] value of the candlestick chart. Then, this value will last as long as you dont change the chart type, or timeframe, ..

    I know this is not “conventional” and the size should adapt automatically with current ATR, IMO. You can send a request about that in the PRT suggestion box here: https://www.prorealtime.com/en/contact?suggestion=1

    05/03/2021 at 10:05 AM #168646 quote
    XORANDNOT
    Participant
    Senior

    A truly fantastic system. Determine the ATR from 4 years ago, calculate a box size and then have a great Renko chart that is ATR-dependent ! Ridiculous.

    05/03/2021 at 6:58 PM #168717 quote
    XORANDNOT
    Participant
    Senior

    Still, even if it is the latest ATR value at the loading time of the chart (not the one of 4 years ago, as I erroneously wrote) which is used for determination of the Renko box size, it makes no sense at all to use that value for all eternity. Imagine you work in a 1 minute chart and the box size has been determined using last week’s volatility. This is merely a showcase feature of v11, I think.

    05/04/2021 at 9:15 PM #168795 quote
    XORANDNOT
    Participant
    Senior

    And, which is all not to be said that you make or lose more money by using ATR instead of anything else.

    05/04/2021 at 10:11 PM #168797 quote
    XORANDNOT
    Participant
    Senior

    Nicolas makes money by driving this website, that’s for sure

    and we all are grateful for that

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In Renko charts, when ATR is selected as box size, the box size never changes.


Platform Support: Charts, Data & Broker Setup

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XORANDNOT @xorandnot Participant
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This topic contains 5 replies,
has 2 voices, and was last updated by XORANDNOT
4 years, 9 months ago.

Topic Details
Forum: Platform Support: Charts, Data & Broker Setup
Language: English
Started: 05/02/2021
Status: Active
Attachments: No files
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