Heiken Ashi with RENKO

[saintalan]

Hi

I have identified a particular pattern that I would like to try using the above.

I would like to be able to identify the true high or low of this.

The pattern has a tail both ends and whilst the Heien Ashi would ID these on a Time Bar it does not ID it with the RENKO as it has no tail and the true high/low not shown.

I have tried another NTRENKO which gives this but does not provide me with the pattern.

Have some ideas to explore but thought I'd ask in case anyone had any suggestions.

Many Thanks

Alan

[NinjaTrader_PatrickH]

Hello Alan,

Thank you for your post.

I am not certain I understand what you are looking for. Can you perhaps provide a screenshot of a similar bar type or a drawing of the bars?

[saintalan]

Thanks Patrick

In simple terms I want to be able to access the true High/Lo of a Heikeh Ashi bar, which I can do, however when Heiken Ashi is applied to a RENKO bar it gives the High/Low of the closed RENKO bar.

A Ninja RENKO bar of say 4 bricks before its completion could have a range of 11.

When it closes the bar will be 4 pips from Hi/Lo the same as its Open/Close. I want to know the true Hi/Lo of (in the above example) the full 11 pip range. THe Heiken Ashi in this instance still shows the 4.

Hope that makes sense, not sure a pic will help.

Cheers

Alan

[saintalan]

Hi, having more thoughts about this.

Maybe I am overthinking this. It may be that an easier way around my problem, is just to wait on the close of the following bar and use the RENKO close rather than (for example) exiting whilst it is in play.

Apologies if I have confused anyone but I am sure somebody must have gone through this logic before.

Cheers

Alan