PRT V11 – Renko Charts – Indicators and Strategies?

• 06/10/2019 at 2:32 PM #100315
  Johnsteed

  All,

  I read that V11 comes with Renko charts and that indcators can be applied to these. I tried a bit and it looks promising.

  My question is, will V11 Renko charts support as well automated trading systems?

  If the Renko bars are calculated in realtime mode based upon tick data, then completion of a new Renko box should enable automated systems to act as they would do using the usual fix time interval bar charts where execution if order placement happens as well between 2 bars.

  Thanks for more insight into the matter.

  John

  PS – If V11 still wouldn’t support Renko-based automated trading systems, one could still write own code to provide the function. But having the base software provding it would be easier of course.

   

  

  Johnsteed

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  06/10/2019 at 2:37 PM #100316
  Nicolas

  Renko charts still don’t support automatic trading through ProOrder. I think that it will be possible in the future, but don’t expect it this year (maybe next one).

  Renko charts are completely independent from fix time interval if you use the 1-tick chart to build and use them.

  

  Nicolas

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  06/10/2019 at 2:40 PM #100317
  Johnsteed

  Thanks Nicolas for quick answer. Agree, maybe (hopefully?!) we see the function in future then.

  

  Johnsteed

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  06/16/2019 at 8:35 PM #100822
  Johnsteed

  All,
  just one more question then – as I’m relatively new to programming with PRT, hopfully that isn’t too stupid:

  Is it possible to write an own PRT code that displays the tradional Renko chart but allows as well to add indicator lines such as trend lines?

  PRT 10 allows to display a chart in Renko style so the code behind uses a feature to advance not on time step based upon the criteria that a new Renko box was formed.

  I did some primitive testing but learned that the PRT “return” instruction – which is mandatory – causes a chart to advance by one tick or time step according of the incoming data stream. So what I would need is a way to advance the chart not by the incoming time tact, but according to criteria depending on price.
  Thanks for another quick hint.

  (I checked the PRC website but cannot find any code which presents a kind of ordinary Renko charts. All what seems to be available are codes that overlay Renko boxes on time-based charts, to these charts keep the linear advancement on the time axis – what is opposed to the Renko idea to eliminate the time aspect.)

  

  Johnsteed

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  06/17/2019 at 7:47 AM #100837
  Nicolas

  It is not possible to stop the ticks coming from the market, therefore the price chart is continuously moving 🙂

  I did a moving average on simulated renko: https://www.prorealcode.com/topic/new-renko-system/page/3/#post-65567

  

  Nicolas

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