Building Renko Charts from Tick History with Custom Symbols

Summary

This document describes a charting tool that constructs Renko charts using a custom symbol created automatically by an expert advisor. The chart is built from tick history and can include tick volume and real volume when those data are available. Users can choose whether the price basis is Last or Bid. The resulting symbol can also be used in the strategy tester.

The description gives implementation and usage constraints rather than explaining Renko brick sizing or how to trade from the chart. Real-time charting depends on the advisor running, and the chart is stated to display correctly only on the one-minute timeframe. In the tester, the symbol is supported with open-price and every-tick modes. No strategy rules, comparison with time-based charts, or performance evidence are provided, so the document is useful as a brief guide to chart construction and platform limitations, not as evidence for a trading edge.

Key ideas

• The advisor automatically creates a custom symbol for the Renko chart.
• The chart is constructed from tick history and may include tick and real volume.
• The user can select Last or Bid as the price basis.
• Real-time construction requires the advisor to be running, and the chart is specified for the one-minute timeframe.
• The generated symbol can be used in testing with open-price or every-tick modes.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.