tongtoro Posted June 21, 2011 Report Share Posted June 21, 2011 Hi. does somebody know name of this indicator. http://thumbs4.ebaystatic.com/m/m_61LP8iQdFQ7_CGirTNUeA/140.jpg thanks Quote Link to comment Share on other sites More sharing options...
tongtoro Posted June 21, 2011 Author Report Share Posted June 21, 2011 http://thumbs4.ebaystatic.com/m/m_61LP8iQdFQ7_CGirTNUeA/140.jpg Quote Link to comment Share on other sites More sharing options...
wanrayman Posted June 21, 2011 Report Share Posted June 21, 2011 renko charts~Â http://shareimage.org/images/ayqar5kxcygjhai8nla.gif Quote Link to comment Share on other sites More sharing options...
Saivenkat Posted June 21, 2011 Report Share Posted June 21, 2011 @Wanrayman.. nice renko charts using the Scalper candles.. you have..  Could you please clarify me with this.. From the offline charts you posted, i see its the 2 MINUTE timeframe you have used. But then renko brick bars formed is very less, say for example between 16th May 23.00 hrs to 17th May 17.00 hrs i could see 8 white candles and 13 purple candles., in total 21 candles.. Can i attribute the reason for less number of renko bricks to 1) VERY LESS VARIATION/VOLATILITY IN THE MARKET 2) The INPUT THAT YOU FEED FOR GETTING OFFLINE CHARTS ( 2 MIN tf ) IS DAILY TIMEFRAME OR SOMETHING OTHER, and not the ONE MINUTE EUROGBP. Please clarify a bit, if the charts you plotted is because of my second query that i have raised.. Is it possible to feed higher tf, to get offline charts than one minute TF.. Cheers Saivenkat Quote Link to comment Share on other sites More sharing options...
tongtoro Posted June 22, 2011 Author Report Share Posted June 22, 2011 thanks. where i can find renko charts thanks Quote Link to comment Share on other sites More sharing options...
wanrayman Posted June 22, 2011 Report Share Posted June 22, 2011 @Wanrayman.. nice renko charts using the Scalper candles.. you have..  Could you please clarify me with this.. From the offline charts you posted, i see its the 2 MINUTE timeframe you have used. But then renko brick bars formed is very less, say for example between 16th May 23.00 hrs to 17th May 17.00 hrs i could see 8 white candles and 13 purple candles., in total 21 candles.. Can i attribute the reason for less number of renko bricks to 1) VERY LESS VARIATION/VOLATILITY IN THE MARKET 2) The INPUT THAT YOU FEED FOR GETTING OFFLINE CHARTS ( 2 MIN tf ) IS DAILY TIMEFRAME OR SOMETHING OTHER, and not the ONE MINUTE EUROGBP. Please clarify a bit, if the charts you plotted is because of my second query that i have raised.. Is it possible to feed higher tf, to get offline charts than one minute TF.. Cheers Saivenkat yo, 1) renko bars are not like range bars.. range bars it only needs to move 10pips in order to print the bars (doesnt matter which direction it moves) however renkos it needs to move 10 pips in an upward direction then it will print a new candle.. so if let say in one day e/g moves upward about 40pips so only 4 renkos will be printed for that day.. if the next day 100 pips.. then 10.. and so on.. however there will be pull back.. but it is shown by the wick on the upper or lower of the renko.. 2) i would think so.. as i open my renkos on a 1H chart... hope that helps.. Quote Link to comment Share on other sites More sharing options...
wanrayman Posted June 22, 2011 Report Share Posted June 22, 2011 thanks. where i can find renko charts thanks we have it here in the forum.. or you can just google it.. its free~ Quote Link to comment Share on other sites More sharing options...
Saivenkat Posted June 22, 2011 Report Share Posted June 22, 2011 yo, 1) renko bars are not like range bars.. range bars it only needs to move 10pips in order to print the bars (doesnt matter which direction it moves) however renkos it needs to move 10 pips in an upward direction then it will print a new candle.. so if let say in one day e/g moves upward about 40pips so only 4 renkos will be printed for that day.. if the next day 100 pips.. then 10.. and so on.. however there will be pull back.. but it is shown by the wick on the upper or lower of the renko.. 2) i would think so.. as i open my renkos on a 1H chart... hope that helps.. Dear Wanrayman, Thanks for taking time and responding my query.. Still i am somewhat not clear in usage of renko bars..  Could you please spend some more of your precious time in elaborating step by step as how to get the renko charts as you get.. in my mt4 platform.. I tried to run the renkoashi script which i have in ONE HOUR TF, but i dont get any renko bars, only ordinary price bars i get.. I understand something wrong i am doing.. please clarify bro.. Thanks again a lot for spending your valuable time and energy.. Regards Saivenkat Quote Link to comment Share on other sites More sharing options...
wanrayman Posted June 22, 2011 Report Share Posted June 22, 2011 Dear Wanrayman, Thanks for taking time and responding my query.. Still i am somewhat not clear in usage of renko bars..  Could you please spend some more of your precious time in elaborating step by step as how to get the renko charts as you get.. in my mt4 platform.. I tried to run the renkoashi script which i have in ONE HOUR TF, but i dont get any renko bars, only ordinary price bars i get.. I understand something wrong i am doing.. please clarify bro.. Thanks again a lot for spending your valuable time and energy.. Regards Saivenkat download the latest renko.. both exe n mq4 http://www.multiupload.com/K77U5I8IES http://www.multiupload.com/LED5Q7TQ4V copy these indicator in experts folder not script.. NOT EXPERT - INDICATOR! just EXPERT FOLDER!!! open your mt4.. open any chart.. and attach the RENKO EA (the EA is not like the forex robot its just an EA to show renkos)... and you will get something like this.. http://shareimage.org/images/pkusvigw96c7qci3p1i.gif next click file.. and look for 'open offline' choose the pair that you put the EA.. for example like the pic above so i have to open eurusd 2m.. and whoolah~ there you go.. p.s make sure you checked all folders in the tools/expert advisor.. except for 'ask manual confirmation' and 'confirm DLL function call' renkos chart... http://shareimage.org/images/d42rtecbejwtzkpu1gz.gif let me know when it works / dont work.. Saivenkat 1 Quote Link to comment Share on other sites More sharing options...
Saivenkat Posted June 22, 2011 Report Share Posted June 22, 2011 (edited) OMG... Wanrayman.. that response from you was at a greater speed than the speed of thought.. Really.. i never expected such a quick response.. hats of to you.. Thanks a million.. Let me try what you described and revert.. With regards Saivenkat  Edit: I tried, as per the detailed instruction given by you.. and i get nice renko charts... Thanks a lot.. http://img848.imageshack.us/img848/8141/28889787.png Here i "turned off the wick".. Can you tell us, what does purpose does the wick serve, when turned on.. in reading the charts.. Sorry for constant pestering.. ;);) Edited June 22, 2011 by Saivenkat Added extra contents and image Quote Link to comment Share on other sites More sharing options...
wanrayman Posted June 22, 2011 Report Share Posted June 22, 2011 OMG... Wanrayman.. that response from you was at a greater speed than the speed of thought.. Really.. i never expected such a quick response.. hats of to you.. Thanks a million.. Let me try what you described and revert.. With regards Saivenkat hehehehe.. trading right now.. so kinda bored waiting for e/g to give me a reverse signal to close my trade~ hihihi.. Quote Link to comment Share on other sites More sharing options...
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