Efs not functioning with Renko

[camyug]

For some reason custom studies don't work with Renko charts.

Directional Movement Ind from basic studies works fine, but custom efs Color ADX doesn't, it falls out of phase and has to be constantly reloaded.

Other custom efs don't work either.

What's the cause?

[Doji3333]

it's probably the fact that Renko charts can form more than one bar at a time. This could screw things up with regards to an indicator.

[ccaammyyuugg]

I'm posting under a new name, for some reason as camyug I'm blocked out, and admin can't tell me why.

Anyhow, the way that Renko charts form has no bearing on the functionality of efs studies.

As I pointed out, all the studies within the Basic Studies selection work without problem, though this was previously not the case with BB for example, the Directional Movement Indicator ADX/DM works without any shifting or lagging.

However, a custom version of the Dir Mov, a Color ADX, which plots only the ADX line in various colours depending on level, doesn't function properly.

In terms of functionality, there should be no reason for Basic Studies Dir Move to work fine, and custom Color ADX not. The Color ADX works fine on non Renko charts.

Other custom studies don't work either.

So I'm wondering why it is that only the studies within the Basic package function?

This is not the first time there have been issues with Renko charts, this goes back years with esig.

Would someone care to try running Color ADX on a Renko against Dir Mov and see what comes up?

This is really driving me nuts.

Here's a thread from 2007, relating to Renko lag.

http://forum.esignalcentral.com/show...ighlight=renko


And another

http://forum.esignalcentral.com/show...ighlight=renko

Something must have been done to allow Basic studies to function with Renkos, but somehow the custom studies are left out.

Here's an attempted work around from 2006

http://forum.esignalcentral.com/show...ighlight=renko