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Volume for Renko


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Volume for Renko

  #1 (permalink)
 Supio 
vancouver bc canada
 
Experience: Intermediate
Platform: Multicharts
Trading: oil, gold, currency futures
Posts: 8 since Mar 2012
Thanks Given: 0
Thanks Received: 3

I just realized why volume indicators do not work with Renko or LB in multicharts, it's because with these 2 types, reserved word "Volume" = "Up Vol", and "Dn Vol" gets discarded. Can someone tell me how to reference the true volume of both UP & DOWN bars? Thanks.

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  #3 (permalink)
 Supio 
vancouver bc canada
 
Experience: Intermediate
Platform: Multicharts
Trading: oil, gold, currency futures
Posts: 8 since Mar 2012
Thanks Given: 0
Thanks Received: 3


I found the solution: Renko Bar has BarType=13 while LB has BarType=10. They both use Ticks instead of Volume. Most Multicharts volume indicators uses Volume for BarType >=2 and Ticks for BarType < 2, so a simple fix to include BarType = 13 And BarType = 10 to use Ticks instead of Volume would do the trick.

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Last Updated on May 29, 2012


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