Heiken Ashi overlay Renko

Sree

Member
Is it possible to create a hybrid candle or brick which consists of both HA and Renko for TOS to get advantage of both?
 

rad14733

Well-known member
VIP
@Sree No, that would not be possible because Hiekin Ashi Candles are time-based while Renko Bars and Range Bars are tick-based... The two concepts cannot be mixed on one chart...
 

Sree

Member
@Sree No, that would not be possible because Hiekin Ashi Candles are time-based while Renko Bars and Range Bars are tick-based... The two concepts cannot be mixed on one chart...
I was thinking more in terms of using HA's in a range timeframe with ticks, This is possible in TOS. In the Timeframe tab, set the Aggregation period to Range and then select Tick size. In the chart style, select HA to be the candle of choice. In this case, HA candles can be used on tick based charts as-well.

Once this setup is complete, in the Style menu, you can switch the range type to Renko bars or Range bars. HA goes away and replaces it with Renko bricks on the switch to Renko bars, which is where I want to overlay it and keep HA's on the brick pattern.
 

rad14733

Well-known member
VIP
Good catch... I forgot that candles can be tick-based... Ok, but even if you add the Comparison Study you won't be able to run Hiekin Ashi and Renko Bars... I believe this is a limitation of TOS... There would be scaling issues with Renko Bars in the mix... Comparison only allows for Candles, Lines, and Bars... There is a topic here in the forums that covers Candles and Hiekin Ashi combined, however...
 

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