How to Add Renko Candles to ThinkorSwim Chart?

[mo2020]

Hello can anyone code Renko candles Thanks

 

[BenTen]

Renko chart is already available inside ThinkorSwim.

To enable it:

1. Click on chart's Settings
2. Select Time axis
3. Under Aggregation Type > Range
4. Pick Renko Bars under Range type.

 

[mo2020]

Thanks Ben i didn't know this feature on TOS.

 

[mc01439]

May want to take a look at TOS Range Bar information which I attached. Understanding when the Renko Bar closes on TOS is important.

https://tlc.thinkorswim.com/center/howToTos/thinkManual/charts/Chart-Aggregation/Range-Charts.html

 

[San]

@BenTen, When i select Renko chart some of the indicator not working like l Support and resistance, Please advice...

 

[BenTen]

@San I believe some indicators will not work with Renko charts. That could be the case.

 

[jjclay]

@San I believe some indicators will not work with Renko charts. That could be the case.

Is it possible to modify the Support and Resistance script so that it does work on Renko charts?

 

[2sureshk]

How to add RENKO chart with ATR instead of time or number of tickets?
Is this a valid scenario?

My point is to trade based on ATR instead of tick / time for accuracy

Thx
Suresh

 

[horserider]

Settings , Time Axis , Aggregation type : Range, Price range : ATR, Range type: Renko Bars

 

[2sureshk]

Settings , Time Axis , Aggregation type : Range, Price range : ATR, Range type: Renko Bars

Thank you , I will try .
Do you see this as a good setup? Please share feedback if you used as part of trading

 

[2sureshk]

I tried ATR but there is no option as Range type as RENKO bars.

If someone setup or custom code available Please let me know

 

[horserider]

@2sureshk

 

[2sureshk]

Thank you i have setup this one.

 

[Miket]

Does anyone here use Renko Bars and if so what type of indicators have you paired with them?

 

[mc01439]

I have tested and traded with Renko but found thay do not work for me. TOS does not have the best Renkos in my view. It is very important you understand how Renkos work on ThinkorSwim before using – (please see link for details) https://tlc.thinkorswim.com/center/howToTos/thinkManual/charts/Chart-Aggregation/Range-Charts.html

 

[fcastrof]

Somebody can help me to plot the high and the low of the last RENKO bar of premarket. Thanks in advance!

 

[Thomas]

Does anyone here use Renko Bars and if so what type of indicators have you paired with them?

One or two videos on YouTube explain the importance of setting the Renko Bars,....depending on what's being traded, ETf, futures, stock...

 

[SilverWolf]

Does anyone here use Renko Bars and if so what type of indicators have you paired with them?

I paper trade them with 5 ticks on a 1 day chart. I like 7, 60, 40 close settings for the RSI, and the TrueMomentumOcsillator with default settings. https://tos.mx/yXqNwi here is what I look for: bullish= rsi above 60, Oscillator in the red, and price movement up on the Renkos with at least 3 hollow green bars before I enter a trade. For bearish = rsi below 40, Oscillator in the green, and price movement down with at least 3 solid red bars.

This is better than 50% successful and fun watching the renkos paint.. no wicks! edit: Oh yeah I also use the Slim Ribbon Indicator. https://tos.mx/zbybTc

 

[Antares66]

I tried ATR but there is no option as Range type as RENKO bars.

If someone setup or custom code available Please let me know

I couldn´t find, where to set up renko with an ATR 14. In tos are only tick settings possible, or am i wrong?

 

[kalivibe]

Is there an option for wicked Renko bars?