Renko Charts?

[Hooya]

is there a difference between the file in the indicator section or the one posted in the extrenal a few pages back?

[NinjaTrader_Jason]

The link in post #34 will direct you to the Miscellaneous section of the NinjaScript File Sharing topic.

If you are referring to a different post, please let me know which one.

[Hooya]

okay thanks

[mrlogik]

Hey NT.

I am using MBTrading for my forex data feed.

Utilizing MB's API, NT gathers tick data via the QUOTERECORD Type structure. Currently, I believe NT only uses the dBid, but is there a way to get the dOpen (Opening price of the day) from MBT?

The reason I ask is because MBT disconnects / reconnects every night at midnight. Depending on when it reconnects, the first tick you receive may be different from the opening price of the day, which could throw off the Renko chart (depending on how it is specifically coded). I want to use the opening price for the day (as given by MBT) for the opening price of the Renko at the beginning of each day.

Thanks

[NinjaTrader_Dierk]

Unfortunately we are unable to comment speculations about how NT works internally. However, NT sends the appropriate OnMarketData events as data is received from the MBT API (this is true for the .Opening market data events as well).

[mrlogik]

Hey Dierk,

Thanks for the reply. I understand completely.

The .Opening market data event is exactly what I need. Is this event only fired once at the open of the day? Also, are any values besides bid data saved for historical use?

Is there any avenue in which I can access this value from within in a bar Type?
Also, in this header

public override void Add(Data.Bars bars, double open, double high, double low, double close, DateTime time, int volume, bool isRealtime)

What does the double open represent here?

I know this is a little out of support scope, but I greatly appreciate any help you may offer.

Thank you

[NinjaTrader_Dierk]

Not sure why you think .Bid data would have any impact on historical data. Historical data which is created from real time/streaming data is built from .Last data not .Bid (unless the instrument is a currency).

[mrlogik]

The instrument is a currency.

I'm just wondering which historical data is saved for me to reference when creating a bar.

In the code I posted, what does double open refer to?

thanks

[NinjaTrader_Dierk]

O=H=L=C on the BarsType.Add parameters as bars are built from real time data. This now really is beyond the level we could provide support for. Thanks for your understanding.

[mrlogik]

I understand.

Thanks for the info. Dierk. This is enough to get me moving in the right direction.

[Hooya]

on the rekon bars it seems if you put indicators on the chart it the indicators are always one bar behind. I think this is because the renko chart does not consider one period (i.e bar) closed until the next one starts and obviously with renko the next bar is not started/plotted until the price moves x number of points. Is there a way around this.

[roonius]

on the rekon bars it seems if you put indicators on the chart it the indicators are always one bar behind. I think this is because the renko chart does not consider one period (i.e bar) closed until the next one starts and obviously with renko the next bar is not started/plotted until the price moves x number of points. Is there a way around this.

Set your indicators to calculate intrabar - Calculate on bar close - false

[Hooya]

ah ok. will give that a go. Thanks

[stephenszpak]

Hi

I've been playing around with the Renko bars provided
by this site. I think I'm missing something when it comes
to understanding them however.

I've got 4 tick Renko on one chart and 1 tick on another.
I've seen a five tick down move with the 1 tick chart with
the 4 tick chart still showing the same bullish candle.
Does this seem right?

- Stephen

[roonius]

Hi

I've been playing around with the Renko bars provided
by this site. I think I'm missing something when it comes
to understanding them however.

I've got 4 tick Renko on one chart and 1 tick on another.
I've seen a five tick down move with the 1 tick chart with
the 4 tick chart still showing the same bullish candle.
Does this seem right?

- Stephen

Seems normal.
In your case you can see up to 10 down bars on 1tick chart until down bar in 4 tick chart will appear