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Old 07-04-2015, 10:00 PM
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Default ArthaChitra : TrueRenkoBarType

TrueRenkoBarType :

[Supported Chart Style : Candlistic, OHLC , CandleVolumeChartStyle]


TrueRenkoBarType replicate as in NT's BetterRenko with slight differences.
Just import zip file in ArthaChitra and restart.


Attached Files
File Type: zip TrueRenkoBarType.zip (1.5 KB, 13 views)
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Old 07-04-2015, 10:16 PM
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What is the diff in better renkko and plain vanilla Renkko ?

This better renkko makes the chart look more cluttered .

Is the better renkko based on number of ticks rather than a fixed movement .

Rgds
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Old 09-04-2015, 11:14 AM
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Originally Posted by sumit View Post
What is the diff in better renkko and plain vanilla Renkko ?

This better renkko makes the chart look more cluttered .

Is the better renkko based on number of ticks rather than a fixed movement .

Rgds

BetterRenko and This version uses available data to form the bar.
This renko or any other renko all are based on fixed price movement, but its programming part whether we draw them with actual data available in that "movement" or even if its not available in that "movement" then we assign the bar open/close based on possible values from definition of renko. To get a better idea take and example.

Suppose by definition , means by the logic from which we are froming the bar , a range or renko bar limits are 8710 to 8720. So for simplicity assume by definition Renko/Range bar high will be 8720 and 8710. Say a current bar is running under formation and its high and low achieved so far are 8712 and 8718 and current price is 8717, as none of higher and lower limits by definition are crossed so this hypothetical renko/range bar is yet not complete.

Renko/Range High-Low by definition = 8720 - 8710.
Current High-Low-current price, of a renko/range bar = 8718 - 8712 - 8717.

Now suppose next incoming tick is at price 8723 , so

Current BetterRenko/TrueRenko ( which will be using actual ticks ) will be "complete" with High-Low-Close as 8718-8712-8717 and new bar will be started from opening price 8723. Because new tick was beyond the limit of high decided by definition.

Renko/Range which looks fancy and smooth will be "complete" with High-Low-Close as 8720-8712-8720 ( notice how high is replanished from 8718 to 8720 and close also ) and new bar "will be drawn" from opening price 8720 ( which is not occured ) and this new bar open-high-low-close at this moment ( when new incoming tick 8723 was received ) will be seen as 8720-8723-8720-8723.

I think its now clear how both are very very different.
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Old 16-04-2015, 09:03 AM
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Error while importing.

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Old 16-04-2015, 09:31 AM
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Vinay,

There are two workaround of this.

1) This error is because TrueRenkoBarType support CandleVolumeChartStyle also, but as seems you have not imported that chart style so that is throwing error. So if you import CandleVolumeChartStyle and then TrueRenkoBarStyle then it will be fine.

2)If you do not want to import CandleVolumeChartStyle then you have to remove its support from TrueRenkoBarType. To do that remove red marked text from TrueRenkoBarType's code,

Code:
public override Chart.ChartStyle[] SupportedChartStyles
        {
             get { return new ChartStyle[] { new Candlestick() ,new OHLC() , new CandleVolumeChartStyle() };  }
        }
Be sure you do not leave even " , " after text " new OHLC() ".
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