Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I'm still hoping for an explanation here. In the mean time I'm using minute/tick charts. I find they show the micro s/r levels which can give me earlier entries.
Has anyone heard of a time based range bar. It plots a range but will only plot if a # of seconds has passed. So If a 4 range with a 10 sec. min is what you want. It would plot a range of 4, but it could be more if a move more than 4 happened in 10 sec. I read about this somewhere and now I can't find it. The benefit is that you can visually see a fast move and the min time can allow you time to get in. Especially when you look at charts to check new indicators.
1 - the bar spacing is different
2 - the renkos don't show all the price movements so on reversals it looks like sbs has an extra bar but really sbs is just showing you what the renko was hiding.
Thanks for taking the time to do the comparison, I appreciate it.
I'm really liking renko for looking at longer term S&R levels and divergences, and I like tick/minute for entering on a small HH or LL.
It looks to me that you have a good idea. I find that the SbSRenko 3 range lag about 30-45 sec (OBC) compared to the regular 3 range bar when it comes to changes from long to short etc. So it might be better suited to 5-7 range indy use.
I was wondering if anybody has tested SbsRenko in NT7. The download area comments are saying it hasn't been tested. I'm quite enjoying WikedRenko and curious to see the patterns Sbs shows.
I am trying to figure out the difference between the different Renko bars on futures.io (formerly BMT) to figure out which one to use.
There seem to be three favorites:
(1) MedianRenko: No longer supported by roonius because some issue with odd brick size.
(2) SbsRenko: roonious seems to support these
(3) WICKedRenko: aslan owns this; resets on session open
All three will show the wicks. The WICKed Renko also shows correct volume. However it is not clear where they differ.
Is there a summary post somewhere? Some specifics I am looking for are:
(1) (a) Do these bars works properly with NT's backtesting infrastructure?
(1) (b) Has anyone tried a multi-time-frame backtesting with these bars (say a sampling bar which works samples at a higher rate)
(2) Has anyone run live strategies with these bars? Any caveats?
To my knowledge, the only one that works in backtesting is WickedRenko. The others cannot be backtested properly. BTW, that goes for built-in Renko in NT7 as well --- cannot be backtested properly.
