FlexRenko

October 27th, 2012, 11:23 PM

There is a new Renko bar type called FlexRenko or Flexible Renko in Sierra (described in this thread: New Renko Function - Flex Renko, Hybrid, Trend Channel)

Looks similar to Pure Logik Ultimate, in that it allows the user to play with how the Renko gets formed when trending or reversing. The examples given show how to mimic RJay's Hybrid and Trend Channel (though I think the trend channel is a little different, but pretty close).

It is a built in bar type, so things like cumulative delta just work (assuming your feed supports it). The other part I like is that the bars are maintaining the real underlying data, so should be pretty good for back testing, similar to BetterRenko.

October 29th, 2012, 09:23 PM

aslan

There is a new Renko bar type called FlexRenko or Flexible Renko in Sierra (described in this thread: New Renko Function - Flex Renko, Hybrid, Trend Channel)

Looks similar to Pure Logik Ultimate, in that it allows the user to play with how the Renko gets formed when trending or reversing. The examples given show how to mimic RJay's Hybrid and Trend Channel (though I think the trend channel is a little different, but pretty close).

It is a built in bar type, so things like cumulative delta just work (assuming your feed supports it). The other part I like is that the bars are maintaining the real underlying data, so should be pretty good for back testing, similar to BetterRenko.

This looks interesting

February 20th, 2013, 06:06 PM

Can anyone confirm - Whether FlexRenko in Sierra has - True Open & Close?

Thanks

February 20th, 2013, 10:26 PM

Yes it does.

March 4th, 2013, 09:10 PM

Does anyone know if this is possible?

Thanks
JD

March 4th, 2013, 11:10 PM

You could write a study easy enough, as the OHLC arrays are all valid. The High/Low are generally correct already, except gaps could affect them.

March 7th, 2013, 09:53 AM

aslan

You could write a study easy enough, as the OHLC arrays are all valid. The High/Low are generally correct already, except gaps could affect them.

Couldnt he just use the Overlay (Candle) study to achieve his desired effect?

I had to do something similar when i was trying to overlay numbers bars bid x Ask over regular candles, didnt work that well though =/

March 7th, 2013, 10:24 AM

Amnesia
I've added an Overlay Bar but it's based on the Renko Bars I already have so it's just a duplicate.

What am I missing?

Thanks
JD

March 7th, 2013, 11:13 AM

jdrower

Amnesia
I've added an Overlay Bar but it's based on the Renko Bars I already have so it's just a duplicate.

What am I missing?

Thanks
JD

Hmm, i think you could/should try to make sure that the overlays are copying bars from another chart, ill check into it

March 7th, 2013, 11:22 AM

I did as you suggested and came up with a range bar chart covering the same approximate real estate as the Renko-Flex chart and did an Overlay (non-sync) with the attached results.

Is this the most accurate I can expect? Was this the best way to do this?

Thanks
JD

FlexRenko

Discussion in Sierra Chart

FlexRenko