Renko chart is different with the definition in investopedia

[phuochh]

Hi,

I'm now developing something for the renko chart, but it seems that the chart is not correct. According to Investopedia.com definition: Renko charts typically only use closing prices based on the chart time frame chosen. For example, if using a daily time frame, then daily closing prices will be used to construct the bricks. But, in the Ninjatrader 8, we can only change the box size without refer to any timeframe. If I am not wrong, in dataseries, you should add "Renko" to Chart type and Data Series type let us choose timeframe as it is now. Could you please check?

Thanks.

[NinjaTrader_ChrisL]

Hi, thanks for posting. The Renko bar types are a Tick based bar type. The source code is open source and available for study in the NinjaScript Editor>Bars Type folder if you would like to study the source further.

Kind regards,
-ChrisL