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Strange Renko bars
 Post subject: Strange Renko bars Post rating: 0   New post Posted: Tue 10 Dec, 2013, 14:14 
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picture 1
Image
If you take 3 pips [7] Renko bars, sometimes you find a nice movement. I guess many people want to trade that.
I marked the movement with vertical and horizontal lines.

picture 2
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If you switch the same chart back to 10 secs, you see that the price was never moving that way

picture 3
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my JForex DEMO version

What is wrong here in JForex?


Attachments:
File comment: pic 1
EURUSD_Renko3pips[7].png [35.68 KiB]
Downloaded 491 times
File comment: pic 3
myJForex.png [30.05 KiB]
Downloaded 485 times
File comment: pic 2
EURUSD_10secs.png [44.77 KiB]
Downloaded 518 times
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 Post subject: Re: Strange Renko bars Post rating: 0   New post Posted: Tue 10 Dec, 2013, 14:28 
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The current version is 2.30 and 2.9.5.1.


 
 Post subject: Re: Strange Renko bars Post rating: 0   New post Posted: Tue 10 Dec, 2013, 15:18 
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New version - same bug.
Please check your Renko algorithm.

I would prefer the Renko based on ticks, even when it is slow. At least it is correct.

Image


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myJForex2.png [29.17 KiB]
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DISCLAIMER: Dukascopy Bank SA's waiver of responsability - Documents, data or information available on this webpage may be posted by third parties without Dukascopy Bank SA being obliged to make any control on their content. Anyone accessing this webpage and downloading or otherwise making use of any document, data or information found on this webpage shall do it on his/her own risks without any recourse against Dukascopy Bank SA in relation thereto or for any consequences arising to him/her or any third party from the use and/or reliance on any document, data or information found on this webpage.
 
 Post subject: Re: Strange Renko bars Post rating: 0   New post Posted: Tue 10 Dec, 2013, 21:35 
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Joined: Thu 19 May, 2011, 20:50
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The same problem appears with Range bars, JForex 2.30

Image


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EURUSD_Range3pips[7].png [36.06 KiB]
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DISCLAIMER: Dukascopy Bank SA's waiver of responsability - Documents, data or information available on this webpage may be posted by third parties without Dukascopy Bank SA being obliged to make any control on their content. Anyone accessing this webpage and downloading or otherwise making use of any document, data or information found on this webpage shall do it on his/her own risks without any recourse against Dukascopy Bank SA in relation thereto or for any consequences arising to him/her or any third party from the use and/or reliance on any document, data or information found on this webpage.
 
 Post subject: Re: Strange Renko bars Post rating: 0   New post Posted: Thu 12 Dec, 2013, 19:24 
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We will have a look at this.

Calculating on ticks only instead of interpolating the Hourly candles will be possible. We prefer optimizing it before it goes public. Loading the ticks and making the neccessary calculations is very time consuming process.


 
 Post subject: Re: Strange Renko bars Post rating: 0   New post Posted: Wed 19 Mar, 2014, 22:35 
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Calculation from the ticks is available in JForex4 only at the moment: viewforum.php?f=200
You can find the settings in Preferences/Charts.

Note that calculation of price based periods like Renko and Range bars with value of more than 5 points is starting to become time consuming if calculated from ticks. The results are not cached yet. We are working on this.


 

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