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Thread: Ignore Last Bar... Renko Chart

  1. #1
    Junior Member
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    Jan 2010
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    21

    Default Ignore Last Bar... Renko Chart

    Hello guys,
    I have a big problem with Renko Charts (not time based chart). I made these Renko Charts with RenkoLiveChart 3.2 (attached to the post).
    The RenkoLiveChart 3.2 saves the real time data into an history data and forms the typical Renko Bricks(offline chart).
    Here is a picture of that:

    You can see the, in this case, 10 Pip Bricks and the last green circled brick as the current Brick. Maybe here is a first problem, because the green circlec brick is calculated as "closed brick" which will give us a lot of fail signals, because the MA will change at the last brick frequently. I tried to solve this by adding a Volume Filter (ony trady if Volume=1). These Volume Filter works fine, but still isnt the solution. A solution would be if someone could recode the RenkoLiveChart to present the last bar as open bar. But i dont know if this is doable.

    But now the real problem:
    I use two MAs for the signals (4Period Smoothed and 2 Period Expo). The problem are the yellow circled "ghost" trades. According to the MAs the shouldnt be there.

    I think these trades are done, because the MA also uses the not finished bar as MA basic. The major question is: Is it possible to recode the MA not to use the last, not finished bar, as basic? Or does a experienced coder see another possible solution to this?
    Attached Files Attached Files

  2. #2
    Junior Member
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    Jan 2010
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    Default

    I just had another thought about the MA issue:
    I can tell the RenkoLiveChart to form Bricks with an exactly Range (no wips in this case).
    See the picture:

    This time we only have exactly 10 Pip Bricks, only the last yellow one, which is actually the one i dont want to have inside my MA calculation.
    Is it possible know to recode the MA that it will only make calculations on Bricks which have a exactly 10 pips range?
    I think sometimes the last brick will have that too, because it can go f.e. up and down 5 pips. But I hope this will not happen to much.
    Can someone give me a clue how to recode this?

  3. #3
    Junior Member
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    Jan 2010
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    Default

    I tried now a combination between ma_shift and VolumeFilter(to know when a new bar has been formed).
    But if i set ma_shift -1 the EA doesnt make any trade.
    iMA(NULL,0,3,1,2,PRICE_OPEN,0)
    What irritates me is that i can set the MA manually to -1 on chart. Can anyone tell me what´s the failure here?

  4. #4
    Junior Member
    Join Date
    Nov 2008
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    28

    Default

    I have been using the RenkoLiveChart 3.2 and v3.3. When using some indicators CPU use skyrockets and freezes MT4. Does anyone know of a fix for this? I never had such problems with constant range bars, but because this Renko EA supports live trading I prefer it for that and it seems to display candles better.

  5. #5
    Junior Member
    Join Date
    Nov 2008
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    I realised what the problem is or at least when it happens. When I am connected to my broker it uses high CPU. I am not going to purchase a commercial version because I am not sure it would work as simulated online chart. If any programmer could look at the code and see if there is a problem and fix it, please, I would be grateful.
    Attached Files Attached Files

  6. #6
    Junior Member
    Join Date
    Mar 2012
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    2

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    These RenkoOfflineCharts/RenkoLiveCharts EAs are CPU intensive because the code is written in such a way that it opens/closes the history file for reading/writing every tick. I think the Live version also regularly calls a dll file to update the offline chart window. In MT calling dll files can cause instability. This EA causes my MT to crash too often, even on a computer with a 3 GHz processor and 9 GB RAM.
    Last edited by Optina; 07-29-2012 at 05:03.

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broker, change, eas, high, how to, indicators, mt4, online, programmer, real, renko, renko chart, signals, time, trading

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