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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)
Just starting out...
Odessa
 
Futures Experience: Beginner
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Posts: 1 since Jun 2010
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Renko charts or indicator for Thinkorswim. Is it possible?

Is it possible or maybe you have renko indicator or script for Thinkorswim?
Thank's
Best regards, Trader555

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  #2 (permalink)
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  #3 (permalink)
Trading for Profit
Chicago + Illinois/USA
 
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Renko Charts


Is this the code you're looking for? Renko Charts

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  #4 (permalink)
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StockJock View Post
Is this the code you're looking for? Renko Charts

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)
Trading for Profit
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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)
Elite Member
Chicago
 
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Renko charts have been added as a built-in chart earlier this year.

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  #7 (permalink)
Trading Apprentice
Milpitas CA USA
 
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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)
1.Fibs 2.??? 3.Profit
Puerto Rico
 
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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)
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Denver+CO/USA
 
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Yes, Here's how:

Youtube video: Jeff Bierman Renko Charts 8 2 2013 (https://www.youtube.com/watch?v=-hdmlZ1aSLE)

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

Enjoy!

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