cTrader - Renko Charts coming soon in cTrader

14 Sep 2017, 17:00cTrader - Renko Charts coming soon in cTrader#1
Spotwareposts: 3313since: 23 Sep 2013

Soon Renko charts will be introduced in cTrader. A Renko chart is a type of chart that is only concerned with price movement; time and volume are not included.

renko.png


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14 Sep 2017, 19:18Finally!#2
BeardPowerposts: 62since: 07 Feb 2016

Hi,

That's great news!

I would appreciate it, if you could answer some questions regarding Renko:

- Are different Renko types supported (various settings for inversion and extension; option to show wicks)?
- Which type of aggregation is used (Ticks and time-based periods)?
- Is volume still supported (brick aggregated bid/ask volume; also from the API)?
- Is this type also backed up by the API?
- Will it be released this year?

Thank you very much!

14 Sep 2017, 19:45Additional questions#3
BeardPowerposts: 62since: 07 Feb 2016

- How are price gaps handled (different brick optic; filling bricks; showing the gap)?
- How are the bricks built (from current price backward; from the first historical bar to the current price)?
- Will the bricks be refreshed/redrawn, once more historical data will be streamed?

18 Sep 2017, 16:42#4
Spotwareposts: 3313since: 23 Sep 2013

Dear BeardPower,

Please find below the answers to your questions


Are different Renko types supported (various settings for inversion and extension; option to show wicks)?
Other Renko chart types are not supported yet. Also, it won't have any configurable options except of changing brick size which is a list of predefined values.

Which type of aggregation is used (Ticks and time-based periods)?
Renko chart uses the tick aggregation type.

Is volume still supported (brick aggregated bid/ask volume; also from the API)?
Can you please elaborate on what do you mean when you say volume? Ticks will be aggregated by bid side only.

Is this type also backed up by the API?
API doesn't support Renko chart so far, but we have plans to do this.

Will it be released this year?
We cannot commit to an ETA but as you see the feature already exists in development builds so it should be out anytime soon.

 How are price gaps handled (different brick optic; filling bricks; showing the gap)?
Price gaps are going to be handle by filling bricks.

How are the bricks built (from current price backward; from the first historical bar to the current price)?
Renko bricks are being built from current price backward. Renko chart uses pre-aggregated tick data, so any time you open the chart it will have the same picture.

Will the bricks be refreshed/redrawn, once more historical data will be streamed?
Renko won't be refreshed or redrawn after new market data comes.

Best Regards.
cTrader Team


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21 Sep 2017, 04:16RE:#5
BeardPowerposts: 62since: 07 Feb 2016

Thanks a lot for the details!

Spotware said:

Can you please elaborate on what do you mean when you say volume? Ticks will be aggregated by bid side only.

Sure. I'm referring to Tick Volume, which is aggregating Bid and Ask movements: Ask and Bid move up -> Buy Volume. Ask and Bid move down -> Sell Volume.
It's not exact, as there would be individual cases like Ask not moving with the Bid and vice versa, or both moving in different directions.

I was just wanted to know, if there is some aggregation at all, and aggregation by the bid side is also okay.

After I read that post, I thought you would not provide aggregated Tick Volume at all:

A Renko chart is a type of chart that is only concerned with price movement; time and volume are not included.

27 Sep 2017, 13:52RE:#6
winrunnerposts: 2since: 27 Sep 2017

Spotware said:

Soon Renko charts will be introduced in cTrader. A Renko chart is a type of chart that is only concerned with price movement; time and volume are not included.

renko.png

 

Hi, will this be available also on web html platform?

27 Sep 2017, 14:08#7
Panagiotis Charalampousposts: 872since: 13 Jan 2017

Hi winrunner,

Yes it will be available on cTrader Web as well.

Best Regards,

Panagiotis


Head of Community Management at cTrader
02 Oct 2017, 02:38#8
rafaeljungblutposts: 1since: 02 Oct 2017

Surely after the insertion of renko graphics on the ctrader platform, more new traders will come to the ctrader.

Candle charts and study tools all platforms have, other types of chart beyond normal as the renko will be a differential, sought by many people.

I hopefully insert the renko graphics so that me and my friends migrate to ctrader.

03 Oct 2017, 11:59#9
winrunnerposts: 2since: 27 Sep 2017

Hi, will it include also Range Bars?

When is it due?

Thanks

25 Oct 2017, 11:48Will it be releases this year?#10
BeardPowerposts: 62since: 07 Feb 2016

Hi,

I understand, that you can't give an ETA, but could you at least tell, if this feature (among the other ones) will be released this month or at least this year?

Thank you!