FlexRenko - Sierra Chart | futures.io
futures io futures trading


FlexRenko
Started: by aslan Views / Replies:5,156 / 13
Last Reply: Attachments:3

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 3  
 
Thread Tools Search this Thread
 

FlexRenko

  #1 (permalink)
Elite Member
Madison, WI
 
Futures Experience: Advanced
Platform: Sierra Charts, ALT
Favorite Futures: ES
 
aslan's Avatar
 
Posts: 614 since Jan 2010
Thanks: 339 given, 1,070 received

FlexRenko

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.

Reply With Quote
The following 2 users say Thank You to aslan for this post:
 
  #2 (permalink)
Trading for Fun
Vienna Austria
 
Futures Experience: Advanced
Platform: Sierra Chart
Favorite Futures: NQ, FGBL, 6E, GC
 
Posts: 117 since Mar 2012
Thanks: 16 given, 65 received


aslan View Post
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

Reply With Quote
 
  #3 (permalink)
Elite Member
Portland, OR
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 269 since Jan 2011
Thanks: 326 given, 179 received


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

Thanks

Reply With Quote
 
  #4 (permalink)
Elite Member
Madison, WI
 
Futures Experience: Advanced
Platform: Sierra Charts, ALT
Favorite Futures: ES
 
aslan's Avatar
 
Posts: 614 since Jan 2010
Thanks: 339 given, 1,070 received

Yes it does.

Reply With Quote
The following user says Thank You to aslan for this post:
 
  #5 (permalink)
Elite Member
Andover, NY
 
Futures Experience: Intermediate
Platform: Sierracharts
Favorite Futures: ES, NQ, Oil & Gold
 
Posts: 34 since Oct 2011
Thanks: 124 given, 18 received

Super-Imposing Actual Price Bars on top of Renko Bars in Sierra

futures io Member Poll

When was your last family vacation?

 
Does anyone know if this is possible?

Thanks
JD

Reply With Quote
 
  #6 (permalink)
Elite Member
Madison, WI
 
Futures Experience: Advanced
Platform: Sierra Charts, ALT
Favorite Futures: ES
 
aslan's Avatar
 
Posts: 614 since Jan 2010
Thanks: 339 given, 1,070 received

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.

Reply With Quote
The following user says Thank You to aslan for this post:
 
  #7 (permalink)
Trading for Fun
Vienna Austria
 
Futures Experience: Advanced
Platform: Sierra Chart
Favorite Futures: NQ, FGBL, 6E, GC
 
Posts: 117 since Mar 2012
Thanks: 16 given, 65 received


aslan View Post
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 =/

Reply With Quote
The following user says Thank You to Amnesia for this post:
 
  #8 (permalink)
Elite Member
Andover, NY
 
Futures Experience: Intermediate
Platform: Sierracharts
Favorite Futures: ES, NQ, Oil & Gold
 
Posts: 34 since Oct 2011
Thanks: 124 given, 18 received

Overlay of Price Bar over Renko Bar

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

Reply With Quote
 
  #9 (permalink)
Trading for Fun
Vienna Austria
 
Futures Experience: Advanced
Platform: Sierra Chart
Favorite Futures: NQ, FGBL, 6E, GC
 
Posts: 117 since Mar 2012
Thanks: 16 given, 65 received


jdrower View Post
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

Reply With Quote
 
  #10 (permalink)
Elite Member
Andover, NY
 
Futures Experience: Intermediate
Platform: Sierracharts
Favorite Futures: ES, NQ, Oil & Gold
 
Posts: 34 since Oct 2011
Thanks: 124 given, 18 received


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

Attached Thumbnails
FlexRenko-2013-03-07_1117_usdjpy_3-7-13.png  
Reply With Quote

Reply



futures io > > > > FlexRenko

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Market Analysis w/Dave Forss @ IQFeed

Apr 25
 

Introducing iSystems with Stage 5 Trading

Apr 27

*NEW* FIO Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

May

Prototyping Python Strategies (part 2) w/Ran Aroussi

Elite only

Ask Me Anything w/Raymond Deux @ NinjaTrader

May 3

An Afternoon with FIO member Softsoap

Elite only
 

Machine Learning & Data Mining Bias w/Kris Longmore @ Robot Wealth

Elite only

Brannigan Barrett (TBA)

Elite only

FIO member Gomi (TBA)

Elite only

FuturesTrader71 (TBA)

Elite only

EasyLanguage Programming w/Chris @ ABC Trading Group

Elite only

Portfolio Diversification w/Brendon Delate

Elite only
     


All times are GMT -4. The time now is 11:01 AM.

no new posts
Page generated 2017-04-24 in 0.11 seconds with 19 queries on phoenix via your IP 54.80.18.223