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Renko Charts?
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Originally posted by stephenszpak View PostI don't get it.
Next bar will be upbar if price will reach 901 or will be a down bar if price will go down to 898.
If price will go up until 900.75 and then back down to 898, you might have 10 "down bars" on your 1 tick renko until first "down bar" appears on 4 tick renko chart
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Ok, that sort of makes sense. But why wouldn't 900 to 900.75
to 899 result in a Renko downbar (of 4 ticks)? The 900 to 900.75
has no effect, but the 900 to 899 gives 4 ticks, to equal one
down bar I thought.
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Originally posted by stephenszpak View PostOk, that sort of makes sense. But why wouldn't 900 to 900.75
to 899 result in a Renko downbar (of 4 ticks)? The 900 to 900.75
has no effect, but the 900 to 899 gives 4 ticks, to equal one
down bar I thought.
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Getting blank chart
Thanks, roonius, for your work.
Can someone help me?
I'm new to NJ65, and hope to write my own indicators. But until then, I wanted to install RENKO chart types.
I installed roonius' chart type as directed. It shows up under the MY DOCS folder, but when I restart NJ65, build a chart, and format data series (to renko), I get a blank chart no matter what I set the "ticks" to.
Is this due to me using TDAmeritrade data, which does not have "tick" data (only daily open/close)? I even tried downloading historical minute data (TDA), and get the same result (although I can now get candles by the minute).
Thanks in advance.
tg4ta
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Originally posted by TG4TA.stockman View PostThanks, roonius, for your work.
Can someone help me?
I'm new to NJ65, and hope to write my own indicators. But until then, I wanted to install RENKO chart types.
I installed roonius' chart type as directed. It shows up under the MY DOCS folder, but when I restart NJ65, build a chart, and format data series (to renko), I get a blank chart no matter what I set the "ticks" to.
Is this due to me using TDAmeritrade data, which does not have "tick" data (only daily open/close)? I even tried downloading historical minute data (TDA), and get the same result (although I can now get candles by the minute).
Thanks in advance.
tg4ta
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Originally posted by roonius View PostRenko is built from ticks, so you will need tick data. Minute data won't work
I know that Renko charts can be built for equities (ala StockCharts), but I don't really know the underlying data that they use, and have never had renko charts in any of the software that I have used before.
Thanks!
*****
UPDATE: Nevermind. I think I found the answer.
In the support page, under connections, TD Ameritrade, and limitations of TDA/NinjaTrader, it states that "Historical tick data is not supported".
I'll try it out on Monday and repost if I have continuing problems.Last edited by TG4TA.stockman; 07-04-2009, 04:17 PM.
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