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Renko Bars
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Originally posted by Mike Winfrey View PostHey NinjaMouse,
I know that is the case with Renko because you don't see all the ticks. You see the smoothed bricks. So, I fully understand you comment and caution. EdsRenko still conforms to the Renko bricks but you still see the wicks and sticks above and below the brick. Further you see brick forming on the current bar. So, what Ed has done is maintain the brick integrity while giving visibility of current price. That can be backtested and in fact I have and it works the same backtesting as it does forward testing AND the live market. Very cool.
Mike
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Of course Ed...the issues you mention weren't part of the discussion we were having. Your comment applies to ANY bartype. Our discussion was merely a comparison of the conventional renko brick versus edsrenko implementation.
Mike
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Originally posted by T2020 View PostAsk this in a different thread before I found this one .
If I understand correctly each new bar plots a certain number of ticks above
or below the previous bars high or Low , but what's the rule / code in a block of bars like this where the highs and lows appear equal ? thx .
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Ed,
My comment is very general in nature regarding your implementation.
I really really like it. It has made my trading life so much easier.
Thank you,
Mike
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Originally posted by edsfreedom View PostNot previous bars high or low, but previous brick size high or low. My explanation is easier understood when thinking in terms of standard Renko brick size. If you're looking at my implementation, then the bricks are twice the size during reversals, because my implementation provides the true open price, whereas standard Renko fudges the open price in order to make the bricks look prettier.
points and a block of reversal bars are usually good support or resistance .
Makes it easier to read the chart for me. I tried to import it into NT7 ,but at
the time it didn't work . Hope you update it for version 7 soon . Thanks again.
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Originally posted by T2020 View PostThanks . I like your implementation . The reversal bars are generally good exit
points and a block of reversal bars are usually good support or resistance .
Makes it easier to read the chart for me. I tried to import it into NT7 ,but at
the time it didn't work . Hope you update it for version 7 soon . Thanks again.
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I just got Ninja 7 beta 6 today.
I also saw that aslane got Renko built-in to beta 6. The wicks need additional changes for now with instructions in the link below (I verified it works). If you don't want to mess with the files, i'm sure you can wait for the next beta release.
Note there's two spot with the same charttype code, you want to change the one in the Renko class, where the code is like this:
public override Gui.Chart.ChartStyleType[] ChartStyleTypesSupported
{
get { return new Gui.Chart.ChartStyleType[] { Gui.Chart.ChartStyleType.OpenClose, Gui.Chart.ChartStyleType.CandleStick }; }
}
/// <summary>
/// </summary>
/// <returns></returns>
public override object Clone()
{
return new RenkoBarsType();
}
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Originally posted by edsfreedom View PostI just got Ninja 7 beta 6 today.
I also saw that aslane got Renko built-in to beta 6. The wicks need additional changes for now with instructions in the link below (I verified it works). If you don't want to mess with the files, i'm sure you can wait for the next beta release.
Note there's two spot with the same charttype code, you want to change the one in the Renko class, where the code is like this:
public override Gui.Chart.ChartStyleType[] ChartStyleTypesSupported
{
get { return new Gui.Chart.ChartStyleType[] { Gui.Chart.ChartStyleType.OpenClose, Gui.Chart.ChartStyleType.CandleStick }; }
}
/// <summary>
/// </summary>
/// <returns></returns>
public override object Clone()
{
return new RenkoBarsType();
}
changes into the next beta ? As it is now , I have a hand full of custom
indicators that I rely on and since I use TT for data , I'm going to have to
wait for the public release and for the problems with TT and custom indicator conversions before I can do a whole lot with NT7. Thanks again .
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I am trying to display a Renko chart with the simulated data feed, but I am not able to do it, the chart remains blank.
Below the steps I follow:
-start the simulated data feed e.g. on ES 06-10
-select new chart of ES 06-10
-Type: Renko; Brick size: 2
-Load data based on: bars; bars to load: 1
What I expect is to start to see the bars appearing on the chart when price moves, but this is not happening.
Could you help me to understand how to do this please?
Thank you
Martin
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Josh,
I am using NT7. I tried again now (Monday) but it does definitively not work. The chart remains blank.
Moreover I did not find the option like in 6.5 where I can exclude/include the weekend.
I've been doing that kind of simulated charts without any problem with 6.5. Could you give me some more advice please?
Thanks
Martin
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Martin, checked on my end here and did not see issues using Simulated Data to drive a 2 Brick Renko chart on the current ES with Default 24 / 7 as session template.
Are you working on latest NT7 Beta 15?
Which markets and session template have you selected?
Which data provider / broker would supply the historical tick data for the history of the chart?
ThanksBertrandNinjaTrader Customer Service
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