Renko Charts?

[jablom]

RENKo

Would be nice to have that feature. The 3rd party does not track correctly, renko should be an even variable (ie 1 ATR or 1% or 1 point) and therefore even blocks to the next step if it price increments (ie 1 ATR or 1% or 1 point). Third party increments uneven, have to go into code to change variable.

[franko]

Hello

why has the renko bar indicator been removed
from the indicator file sharing section ...?

regards
Franko

[roonius]

Hello

why has the renko bar indicator been removed
from the indicator file sharing section ...?

regards
Franko

It isnot

http://www.ninjatrader-support2.com/vb/local_links.php

[franko]

Thank you
roonius , it is there just, poor me could not find it , what a shame ...
direct download renko bars here ...

http://www.ninjatrader-support2.com/vb/local_links.php?catid=3

regards
F

[usmank]

hi
how can i use renkobar on chart this is not indicator

[NinjaTrader_Jason]

Hello usmank,

After you imported the NinjaScript file you can select the Renko interval in the Format Data Series window upon creating a new chart.

[zoltran]

Hi Roonius

The current renko is based on tick data. This results in a pretty big draw on resources when using larger ranges. For example .. a 10 point ES renko chart will need to load up millions of tick bars.

Would it make sense to have a coarser version of the chart for use with large periods that used minute bars instead of tick data ?

Seems to me it would be more efficient and faster to load.

WS

[roonius]

Hi Roonius

The current renko is based on tick data. This results in a pretty big draw on resources when using larger ranges. For example .. a 10 point ES renko chart will need to load up millions of tick bars.

Would it make sense to have a coarser version of the chart for use with large periods that used minute bars instead of tick data ?

Seems to me it would be more efficient and faster to load.

WS

Yes it's possible, however you will loose all 'swings' within minute bar.
Of course if you want to build 10 points ES renko, I doubt there will be a big difference...

[zoltran]

Yes, that's the idea roonius.

A larger sized renko or range chart doesn't really care about the tick level detail. 1 Minute detail would be fine.

I took a look at changing it myself, but didn't see how to set the bar type.

[roonius]

Yes, that's the idea roonius.

A larger sized renko or range chart doesn't really care about the tick level detail. 1 Minute detail would be fine.

I took a look at changing it myself, but didn't see how to set the bar type.

Let me give you a hint.
Go thru the code again and where you see a line where itsays built from ticks change it to built from minute accordingly.

It's just one line change, however it will ignore highs and lows of minute bars (will take close only)

I have been thinking how to effectively use minute bars (or even daily bars) including highs and lows, but still don't have a "most right way" yet

If you have an idea about it don't hesitate to let me know -I'll be happy to code it.

Coding is nothing - Algorithm is the most important thing.

[zoltran]

Actually, I'd found that 'build from' section.
Getting hung up on how to create the new PeriodType, as I would like a new chart type called 'Renkom' ... as I'd probably use both.

Created a new file called renkom.cs and guessed at where to change the names in the code.
Changed the public class to RenkomBarsType etc

Attached it here if you get a chance to look at it.

[roonius]

Actually, I'd found that 'build from' section.
Getting hung up on how to create the new PeriodType, as I would like a new chart type called 'Renkom' ... as I'd probably use both.

Created a new file called renkom.cs and guessed at where to change the names in the code.
Changed the public class to RenkomBarsType etc

Attached it here if you get a chance to look at it.

You have not changed ir everywhere.
Replace every renko you find to renkom (you might want to use Find-replace tool)
also change the sort number to different.

[zoltran]

Thanks. Did that and found some that I hadn't changed.
Change 'SortOrder' to 13001 from 13000

Still gets hung up on line 177
public RenkomBarsType() : base(PeriodType.Renkom)

If I leave it as PeriodType.Renko it will compile, but 'Renkom' doesn't show as a chart type.
If I change it to PeriodType.Renkom it fails compile with
Error on generating Type
NinjaTrader.Data.PeriodType' does not contain a definition for Renkom

Don't see where to define that value.

Wes

[roonius]

Thanks. Did that and found some that I hadn't changed.
Change 'SortOrder' to 13001 from 13000

Still gets hung up on line 177
public RenkomBarsType() : base(PeriodType.Renkom)

If I leave it as PeriodType.Renko it will compile, but 'Renkom' doesn't show as a chart type.
If I change it to PeriodType.Renkom it fails compile with
Error on generating Type
NinjaTrader.Data.PeriodType' does not contain a definition for Renkom

Don't see where to define that value.

Wes

Try changing it to:

public RenkomBarsType() : base(PeriodType.Custom9)

[zoltran]

Try changing it to:

public RenkomBarsType() : base(PeriodType.Custom9)

Thanks
That sort of fixes things.
-There's a 'Custom9' chart type available when opening a new chart.
-The chart displays as 'RenkoM'
-And it certainly is faster loading... which is what we were looking for re resources.

I'm out today .. will look at the name/custom9 thing again later ...

Thanks again !