Renko v10.3 vs 11.1

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  • #124480 quote
    ESCapedTestSubject
    Participant
    Average

    Hello traders,

    I have been a follower for some time and learnt quite a lot of the programming in PRT thanks to many great posts and indicators in this forum. I have some questions on applying Renko as an indicator and for ProOrder code.

    Does PRT v11.1 have the possibility of using the built in Renko charting to execute code? Or is it strictly time-linear?

    How exactly is the built in chart calculating the Renko on the first bar? I know there are many ways of plotting it (Mean renko, ATR, reversed plotting).

    If I use percentage, lets say 1% and try to replicate this with a manual boxsize, I get a different starting date even though my chart has the same setting. Renko, 1 year, daily using the first visible value.

    If anyone could shed some light over this, that would be great help.

     

    If someone could shed some light over IG implementing version 11, that would be super. At the moment I am very disappointed with IG. I don’t like their standard tools and MT feels like Windows 3.11 compared to PRT… However the unifying window in v11 makes it so much better and organized.

     

    Thanks for any input.

    #145210 quote
    Nicolas
    Keymaster
    Master

    The built-in renko charts in ProRealTime fix the box with Close of the current timeframe on round numbers. That way the renko bricks are always starting at the same price, make it easier to compare charts from a day to another. The renko chart is using the classic renko bricks construction.

    You use this code to simulate the same renko bricks on a classic chart: https://www.prorealcode.com/prorealtime-indicators/renko-bricks-on-chart/

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Renko v10.3 vs 11.1


ProBuilder: Indicators & Custom Tools

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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
5 years, 4 months ago.

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Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 04/03/2020
Status: Active
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