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UniRenko Accuracy Chelsea_B

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    #1

    UniRenko Accuracy Chelsea_B

    I have downloaded UniRenko candles from NT ecosystem created by Chelsea_B
    UniRenko Universal Renko BarType 8 - NinjaTrader Ecosystem
    https://ninjatraderecosystem.com/user-app-share-download/unirenko-universal-renko-bartype-8
    (Update March 11th, 2020 – Fix for TickReplay, calculates values if bar object is mid-session and have not been calculated as least once) This is a conversion of the UniRenko ‐ Universal Renko BarType developed and originally coded for the NinjaTrader 7 platform by monpere. Please contact the original author for any questions or comments. […]


    How accurate are these historically? I know there can discrepancies from live streaming data and reloading the historical data when using Renko candles.

    I would like to manually back test a strategy.

    thank you
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    #2
    Hello sdauteuil, thanks for writing in.

    We do not recommend using Renko bars in a historical backtest. Renko bars on real-time data re-draw the open based on the direction of the bar and this is something that can not be simulated historically. The best way of backtesting a Renko bar strategy would be to use the Playback connection:

    NinjaTrader 8
    https://ninjatrader.com/support/helpGuides/nt8/?playback_connection.htm


    Please let me know if I can assist any further.

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