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Regarding the MedianRenko, what is the difference between MedianRenko, SBSRenko, BetterRenko and Wicked Renko? There seems to be so many modifications and revisions of the Renko bar type that it is a little difficult keeping up with the difference between them all and which one is "working" or has glitches.
Anyone can tell me the differences, pros and cons, glitches with each - if any?
I think this is a tough question to answer since the differences are apparently very subtle and very technical, but Aslan does a nice job of describing what makes Better Renko different (and "better") here:
There is a new type of Renko bar in the elite download section called BetterRenko.
Why create yet another Renko bar type? Because they are all broken and have issues backtesting. There are lots of flavors: Renko, SbsRenko, MedianRenko, WickedRenko. …
I've used a few of these bar types myself and have found Better Renko to be the most stable, but I believe this is also partially due to some of the technical issues with NT 6.5 and 7 (especially session templates). I guess the bottomline for me is that Better Renko with NT 7 has been rock solid.
