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Renko charts or indicator for Thinkorswim. Is it possible?


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Renko charts or indicator for Thinkorswim. Is it possible?

  #1 (permalink)
trader555
Odessa
 
Posts: 1 since Jun 2010
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Is it possible or maybe you have renko indicator or script for Thinkorswim?
Thank's
Best regards, Trader555

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  #3 (permalink)
StockJock
Chicago + Illinois/USA
 
Posts: 256 since Aug 2010
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Is this the code you're looking for? [COLOR=#0066cc]Renko Charts[/COLOR]

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  #4 (permalink)
 
cbritton's Avatar
 cbritton 
Atlanta, Georgia
 
Experience: Intermediate
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StockJock View Post
Is this the code you're looking for? [COLOR=#0066cc]Renko Charts[/COLOR]

I think you need a subscription to get that code in ToS.

Regards,
-C

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
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  #5 (permalink)
StockJock
Chicago + Illinois/USA
 
Posts: 256 since Aug 2010
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It seems like someone has developed code for Renko charts. I'm not familiar with them, nor do I use them; however, you can find the code at Share-TOS. The name of the code is Renko_R1V1.

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  #6 (permalink)
 RHcZL0Mfs 
Chicago
 
Experience: Advanced
Platform: ThinkOrSwim
Trading: options
Posts: 11 since Dec 2013
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Renko charts have been added as a built-in chart earlier this year.

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  #7 (permalink)
selenium
Milpitas CA USA
 
Posts: 4 since Aug 2013
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But renko on thinkorswim has quite lot of issues such as last couple of bars just disappear. That way you cannot trade off renko. I have also seen twice the bars disappear from the middle. That happened once last week but not daily basis. Also even though I specify 5tick but for some instruments minimum ticks is 10, such as natural gas. Then on any given day that minimum default changes to 11tick or 12 tick.
Anyone had a better experience on renko on thinkorswim platform

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  #8 (permalink)
 
rmejia's Avatar
 rmejia 
Puerto Rico
 
Experience: Intermediate
Platform: thinkorswim
Broker: TD Ameritrade
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The minimum renko ticks depends on the timeframe. The lower the timeframe the less ticks you can have. So for example /NG 1 day you can go down to 2 ticks min, on 10 days its not letting me go lower than 13 ticks.

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  #9 (permalink)
 Brownie 
Denver+CO/USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: Futures
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Youtube video: Jeff Bierman Renko Charts 8 2 2013 (
)

@ 3 minute mark is the meat for making a TOS chart appear Renko.

Enjoy!

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