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FlexRenko
Started: by aslan Views / Replies:4,960 / 13
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FlexRenko

  #1 (permalink)
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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.

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  #2 (permalink)
Trading for Fun
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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

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  #3 (permalink)
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Can anyone confirm - Whether FlexRenko in Sierra has - True Open & Close?

Thanks

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  #4 (permalink)
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Yes it does.

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  #5 (permalink)
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Super-Imposing Actual Price Bars on top of Renko Bars in Sierra

Futures Edge on FIO

Which products do you trade?

 
Does anyone know if this is possible?

Thanks
JD

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  #6 (permalink)
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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.

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  #7 (permalink)
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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 =/

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  #8 (permalink)
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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

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  #9 (permalink)
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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

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  #10 (permalink)
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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  
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