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?