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Selecting custom timeframes

6 replies

beniko

Subscriber, bbp_participant, community, 31 replies.

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6 years ago #113097

Hello,

 

There are many scripts/EAs/indicators that generate different offline chart types and they are characterized from a different timeframe of the same symbol. The generated renko chart from the indicator I am using is a 3M offline chart.

 

I was about to make an EA that is going to be placed on a 3M Offline Chart and also make decisions based on other custom charts like an 2M Offline Chart, or any other xM Chart that is not being used normally on MT4.

 

So I am seeking for the possibility to select custom timeframes.

 

If I were to compare the Close and Open of the last bar of a different offline chart it would be like this:

Close(PERIOD_M2)[1]>Open(PERIOD_M2)[1]

 

Ben

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Mark Fric

Administrator, sq-ultimate, 3 replies.

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6 years ago #128315

you are right, it is possible to use custom timeframes in the newest updates of MT4, we will add it also to EA Wizard.

 

We’ll release new update for EA Wizard later this week that will enable this.

Mark
StrategyQuant architect

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SkyNet MT

Customer, bbp_participant, community, 23 replies.

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6 years ago #128487

Good Day i see that last update EA wizard has M2 time frame , is that related with Renko Bars ?

we still need that this experts work for renko chart , i have tested with pluging EZ invest but some indicators not work on this generated chart .

 

i hope that new update solve the problem with renko chart generated with RenkoLiveChart_v3_2.ex4 .

because my work is frozen about this problem since a long time .

 

if there anu exemple how to apply this new update mr Marc .

post us and SQW demo .

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Mark Fric

Administrator, sq-ultimate, 3 replies.

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6 years ago #128553

Hello,

 

this new update only adds supports for additional timeframes that are available in new MT4 updates, mostly for offline charts.

 

I’m not sure if this will solve your problem with Renko charts,it is possible.

Mark
StrategyQuant architect

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beniko

Subscriber, bbp_participant, community, 31 replies.

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6 years ago #128599

If it will be possible to select offline M2, M3, etc charts then it solves the problem.

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Threshold

Customer, bbp_participant, community, 715 replies.

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6 years ago #128844

MT4 lets you use custom timeframes now?

Without script?

Offline?

Offline/script is an old feature.

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SkyNet MT

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5 years ago #133702

Here is the New Renko Chart Generator for MT4 Build 902  ( Work Perfectly )

 

Q03xzll.png

 

If AutoCalcul is set to : False

⇒ The EA will act with the the following settings

 

*RenkoBoxSize = 10

*RenkoBoxOffset = 0

*RenkoTimeFrame= 0

*ShowWicks = False

*EmulateOnlineChart=True

*StrangeSymbolName= False

 

If AutoCalcul is set to : True

⇒ The EA will act with the the following settings

 

RenkoBoxSize = Spread

XFactor = Spread * Value      ( Rule is RBS = Spread or , RBS = Spread*2 , RBS = Spread*3 )

Correction : Spread + Custom Value

 

Examples :

 

EUR/USD

( Spread = 3 , Xfactor = 1 , Correction =0 )  ⇒⇒ RenkoBoxSize =3

( Spread = 3 , Xfactor = 2 , Correction =0 )  ⇒⇒ RenkoBoxSize =6

( Spread = 3 , Xfactor = 3 , Correction =0 )  ⇒⇒ RenkoBoxSize =9

( Spread = 3 , Xfactor = 3 , Correction =1 )  ⇒⇒ RenkoBoxSize =10

 

For GOLD

( Spread = 75 , Xfactor = 1 , Correction =0 )  ⇒⇒ RenkoBoxSize =75

( Spread = 75 , Xfactor = 2 , Correction =0 )  ⇒⇒ RenkoBoxSize =150

( Spread = 75 , Xfactor = 3 , Correction =0 )  ⇒⇒ RenkoBoxSize =225

( Spread = 75 , Xfactor = 3 , Correction =275 )  ⇒⇒ RenkoBoxSize =500 

 

 

For Gold, Silver , Stocks, CFDs , Indexes that have Higher Spread  is best to turn On AUTOCALCUL to autodefine RenkoBoxSize

because is not possible to use RBS ( RenkoBoxSize : 10 for these pairs )

 

WARNING : is better to not use AutoCalcul Mode Based on spread if your brokers has FLOATING Spread ( Not Fixed Spread )

that will affect the stability of renko chart display each time you restart MT4 using different spread each time , may cause repaint or give fake with indicators or automated system.

 

alll these Formulas defined by The creator of this EA :

http://www.cit-investing.Com

 

File In attachment Below

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