naluvs01 wrote: Tue Apr 05, 2022 12:19 pm
Yes, I've heard of him. However, I'm reading about Renko now and the claims are they can repaint as the current brink is forming and can start as one color and change contingent on price action. The best way to avoid this (according to some) is to use the 1 minute TF and set the renko brinks to a reasonable size instead of using the ATR. I use the 1 minute TF and a brick size of 15. But I will keep my suspicions based on what you've mentioned...thanks again!
somewhere on the forum Mladen explains that the renko repainting is down to the metaquotes coding of the offline charts and in spite of being made aware of the problem for some reason choose not to fix it.
My observations are that it doesn't repaint on a live run but on restart or reset will slightly rearrange some bricks removing some of them when there is tight range price action so the resulting effect is for a smoother chart and a misleading impression as to clean entries making back testing problematic.
hope this helps.