NexusFi: Find Your Edge


Home Menu

 





Can someone explain why MC can't reconstruct Renko as was?


Discussion in MultiCharts

Updated
    1. trending_up 1,551 views
    2. thumb_up 0 thanks given
    3. group 1 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
Search this Thread

Can someone explain why MC can't reconstruct Renko as was?

  #1 (permalink)
NMC1
London
 
Posts: 14 since Jan 2013
Thanks Given: 0
Thanks Received: 3

Apologies for this post, because I obviously hideously misunderstand the whole concept since it hasn't been mentioned before, but if MC can use a bar magnifier to check my intra bar strategies tick by tick and nail the entry and exit each time compared to what I saw on live, then why, if tick by tick data is available, does it reconstruct Renko as if not using tick by tick data? I.e. the phantom bars are nothing like they would be (very many fewer naturally) had you seen the dataset live with x box size, as if the PA never ticked outside the box at each swing.

Would be grateful if anyone could set me straight on this as I've been trading small sizes with Renko live recently, but I really don't want to see ridiculously smooth PA every time I load MC back into Renko mode.

Thanks.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Strategy stop orders partially filled
EasyLanguage Programming
Trade idea based off three indicators.
Traders Hideout
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
What broker to use for trading palladium futures
Commodities
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Funded Trader platforms
55 thanks
Just another trading journal: PA, Wyckoff & Trends
20 thanks
Trading with Intuition
15 thanks
Self sabotage reframed
15 thanks
GFIs1 1 DAX trade per day journal
8 thanks
  #2 (permalink)
NMC1
London
 
Posts: 14 since Jan 2013
Thanks Given: 0
Thanks Received: 3

Woops that'll be because I had the resolution set to more than 1 tick....

Reply With Quote




Last Updated on January 21, 2013


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts