harry
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Trendlines between time based and renko charts not matching up
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Trendlines between time based and renko charts not matching up
So when i draw a trendline on 1 chart for 6E, i have the setting on that it will draw that trendline on all my 6E charts that i have up, however they are not matching up and when i draw a trendline on the 15 minute chart for example, it is giving me an incorrect trendline on my renko chart. I have attached 2 charts to show you what i mean. Your help in finding a solution would be much appreciated,
harryTags: None
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Hello Harry,
Can you please double click the line to open the Drawing Objects window and check the Start & End - Time & Y values in both charts. Am I correct these are the same? Drawing objects are drawn as per the Time and Y values in charts and unfortunately can appear different when comparing different chart intervals.
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The end time of the renko chart is 15 minutes later, but they are the same start time.Originally posted by NinjaTrader_Jason View PostHello Harry,
Can you please double click the line to open the Drawing Objects window and check the Start & End - Time & Y values in both charts. Am I correct these are the same? Drawing objects are drawn as per the Time and Y values in charts and unfortunately can appear different when comparing different chart intervals.
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The end time can differ if the line was drawn into the future. Time is not time stamped the same between the 2 charts. The 15 Minute chart time stamps every 15 minutes a price bar. This is unknown for the renko chart as renko bars are not bound by time (tick based).
No, I am not saying data in your renko chart is incorrect. The line is drawn as per the Time and Y values. Because the two chart intervals create price bars in different way, the line can appear different.
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