Renko Charts

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Renko Charts

Postby hydetom » Thu Aug 12, 2010 2:23 pm

Hi,

I'd like to ask you if you consider add renko charts into MS. It because I've seen a request for indicator which shows movement in value of X pips. I think it'd be much more accurate and useful if whole chart is based just on movement not on time.

Example:
Image
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Re: Renko Charts

Postby Nikolay.Gekht » Mon Aug 16, 2010 10:57 am

It's possible to develop a kind of Renco chart right now. Looks for example at Point and Figure viewtopic.php?f=17&t=1361 or Kagi viewtopic.php?f=17&t=1362 chart.
However, the "native" support will look much better, since marketscope will natively support an irregular time axis. We plan to develop such kind of price views in the next version.
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Re: Renko Charts

Postby OilyFish » Mon Aug 23, 2010 11:40 am

Would be nice to have a renko chart in MS, when is the next version due out?
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Re: Renko Charts

Postby Nikolay.Gekht » Mon Aug 23, 2010 11:50 am

OilyFish wrote:Would be nice to have a renko chart in MS, when is the next version due out?

The next version is not scheduled yet, we will do it as soon as the current beta version will go to the production, but the next version will be made definitively this year.
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Re: Renko Charts

Postby clodhoppes » Tue Aug 24, 2010 8:03 pm

I can't wait to have next verstion,haha. I want to ask how to make renko charts on the basis of kagi since kagi is not based on tick data ? Please enlighten me.
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Re: Renko Charts

Postby Apprentice » Wed Aug 25, 2010 1:28 am

Similarly, as is the case with Point & Figure, Three-Line Break and Kagi Charts,
Renko use non-linear timeline, and this could not be implemented on the platform for now.
Soon.
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