Summed up Renko Chart

• 07/02/2021 at 11:23 AM #172961
  robinhopkr

  Hello,

  I was using Tradesignal Terminal yet, but unfortunately the service ended at the 01.07.21. Now i´m looking forward to switch to ProRealTime.

  What I would like to know is if it is possible to use the renko chart with summed up renkos.

  Im not sure if you understand what i mean, i attached a screenshot from tradesignal.

  My problem is, i was using my own created trading systems and they are mostly based on this summed up renko chart technology.

  The advange is, that strong movements are not displayed with 2+ renkos for a size frame, there is just one renko with the double (or more) size and that is what i urgently need.

  If i start to translate my code to ProRealTime with just the normal renko charts, this would be a very complex process.

  Thanks for your help!

  Best regards,

  Robin

  

  robinhopkr

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  07/02/2021 at 11:38 AM #172966
  robertogozzi

  Non-time based charts cannot be used for automatic trading (Renko, Ticks, etc…).

  RENKO charts for autotrading have to be (approximately) simulated using time-based TF’s.

  Searching for the word RENKO (using the box that opens whenever you hover your avatar on the right corner of the upper Blue bar) will return many useful links.

  You can also browse these links:

  https://www.prorealcode.com/tag/renko/

  https://www.prorealcode.com/topics-tag/renko/

  https://market.prorealcode.com/?s=renko&post_type=product

   

   

  

  robertogozzi

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