Really....I didn't know that. The Renko EA's I'm using are the one's I found here at FS. I don't know if they repaint or not. You would definitely know better than me. Are you aware of any Renko EA's that don't repaint?
naluvs01 wrote: Tue Apr 05, 2022 12:10 pm Really....I didn't know that. The Renko EA's I'm using are the one's I found here at FS. I don't know if they repaint or not. You would definitely know better than me. Are you aware of any Renko EA's that don't repaint?
And thanks for your response Mr. Tools
Also, regarding repainting, renko bricks repaint after it's closed?
There is only one that I have heard that doesn't repaint, made by think his name is ovo and he claims his doesn't repaint, but don't know.naluvs01 wrote: Tue Apr 05, 2022 12:10 pm Really....I didn't know that. The Renko EA's I'm using are the one's I found here at FS. I don't know if they repaint or not. You would definitely know better than me. Are you aware of any Renko EA's that don't repaint?
And thanks for your response Mr. Tools
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.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!
Thanks for the explanation. I'm actually using Hieken Ashi (HA) candles on the 4hr TF for master direction, HA on 1hr TF to confirm trend with EMA 20 and entering on the Renko chart (15 brick size) with CCI (default) on the Renko Chart to confirm entry. I also confirm strength and weakness with a currency strength ROC. So I'm not trading based on Renko only, but utilizing it to confirm when the market is actually moving. And if you guys have any suggestions, that would be great! Below is an example of a trade I took last night on NZDJPY: (made 47 pips)Ogee wrote: Tue Apr 05, 2022 4:06 pm 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.
Sorry, that one is way over my head.naluvs01 wrote: Tue Apr 12, 2022 7:22 pm Hi Mr Tools,
I have a few request. Can you fix this indicator so alerts happen on currency crosses and/or zero crosses? Also, can the currency names appear in the data window, instead of value 1, 2, 3, etc...
Thanks in advance for your consideration!
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