My nt8 renko chart is totally different from renko chart on other platforms

[Greatness123]

Hi there,

I have a problem with my NinjaTrader that I have been trying to solve for sometime and I haven't cracked it yet so I came here hoping to find some help.

The Renko chart on my NinjaTrader for some reason is so different from the Renko bars on other platforms, this is not a case of slight differences, it is just totally different and I have attached an image below to show you what I am talking about.

To the best of my knowledge, the settings are the same. They are set to 5 Renko as the brick size and NT8 is the only odd one out.
I tested this on MT4, cTrader and NT8, so I know NT8 is the problem.

I don't know if this problem has been answered here before but please if you have a solution let me know thanks. Below I have provided chart pictures

Note: this problem occurs only on Renko for some reason, the normal candle stick is fine as you will see in the picture.

[NinjaTrader_Clayton]

Hello Greatness123,

Thank you for the message.

Unfortunately, we have no documentation or information on how other platforms build their Renko Bars so we are limited in our support with this question.

• Additionally, different providers have different methods of providing and filtering Real-time vs Historical Tick Data which can cause the charts to look different.
• If a single Tick is different between the platforms, that can cause every bar after that to be different.
• It is common enough that we have created an article to help explain why it happens linked below:
  • Click here for more detailed information on why a chart can look different after reloading the Historical Data

Please click here for more details and information on how the Renko Bars in NinjaTrader Work


To have the best chance of the charts lining up or being close, please follow the steps and suggestions below:

To better help the charts line up before and after refreshing, please make sure your PC's timeclock that it uses for the local time stamps is in sync with the rest of the world:

• Shutdown NinjaTrader
• Right-click on the clock in the lower-right corner of your desktop
• Select "Adjust date and time"

For Windows 10, select 'Date, Time, and regional formatting' > 'Additional date, time, and regional settings' > 'Set the time and date'

• Select the 'Internet Time' tab at the top
• Set the server to time.nist.gov and click "Update".
• If the message that appears says successful your PC clock should now be updated.
• If not, select a different server from the Server: drop-down and try again (repeat until one of the servers is successful)

For Windows 11, select Sync Now under Additional Settings. We would also recommend enabling your computer to set the time and the time zone automatically if they are not already enabled.

After updating the PC clock, reopen NinjaTrader, then right-click in the Chart and select "Reload All Historical Data".


From here, you would want to make the following chart parameters the same to have the best chance of them being the same between different windows:

• The same instrument and contract
• The same chart Interval
• The same number of "Days to load"
• The same Trading Hours template
• The "Break EOD" box is checked
  • Once all of these settings are the same between both windows, right-click and reload the historical data to ensure they are built with real-time from the same point.

Please let us know if we may be of further assistance.

[Greatness123]

Hello, thanks for the prompt reply.
I have just implemented what you recommended and still, the issue persists.

Is this a common problem? Have there been people who trade Renko bars that have complained about this? because I have been trying to solve this issue for a while now and can't seem to.
Is there a way I can get on a call with someone from customer service preferably via Zoom/TeamViewer so they can take a look to see what the problem is?

Below is a picture of my Chart settings for NT8.
Please let me know if you need any other info or anything else you want me to try. Thanks

[Greatness123]

[NinjaTrader_Clayton]

Hello Greatness123,

Thank you for the update.

Again, even if we got on a phone call NinjaTrader Support would NOT be able to help you compare or theorize on why the Renko charts would look different in another trading platform.

• We only have documentation on the NinjaTrader Platform and how it is expected to work.
• A test we could do is connect to the same data provider as you, create the same chart within NinjaTrader, and compare those two charts. This would be an Apples-to-apples comparison.

Looking at the little bit of chart that I can see hiding behind the settings panel, it looks like our Renko Charts are pretty similar. I am connected to Kinetick for this picture:

• (As a side note, you having 365 days to load on a 5 Renko chart is causing it to take forever to load in and could cause the platform to slow down. If you are only realistically looking at the past week or two, then it would be better to reduce it down to 20 or 30.) - Performance Tips
• 

From here, you are welcome to look into how other platforms build their Renko Bars and make your own comparisons on their differences, or you could also see if someone has created a 3rd party Renko bar type that is made to work like another one of the platforms you use.

• Unfortunately, we do not have any recommendations but this post will remain open in case there are any other users with suggestions.

In the future, if you have questions where we need to look into your backend settings, account information, or you may need a support call, then you should:

• Write into our support team directly at Support[AT]NinjaTrader[DOT]com
• Reach out to the chat bot on our website and it can help you create a case directly with our support team.
• Or, go to the Control Center > Help > Email Support and then fill that out and send it our way.

Please let us know if we may provide any further assistance.

[Greatness123]

Yes, your Renko Chart seems to be the same as mine.
But aren't you worried that NT8s Renko chart is different from that of other platforms?

Is it normal for different platforms to have different Renko chart styles?

[NinjaTrader_Clayton]

Hello Greatness123,

Thank you for the update.

NinjaTrader does not require knowledge of how Renko bars are implemented on other platforms because our focus and expertise are solely on the bar types provided within the NinjaTrader Platform by default.

• This ensures that we can provide the most accurate and reliable support for our users based on our own implementations and functionalities.
  • Please click here for more details and information on how the Renko Bars in NinjaTrader Work

From the Apples-to-Apples comparison, it sounds like our charts look similar enough that the Renko Bars are working as expected within your platform.

• Additionally, if all the other bar types are lining up but this one, it reinforces that the underlying data is correct and the different platforms are simply drawing those bar types in a different way.

While it is common for similar items, charts, or indicators to look similar across different platforms, there is no guarantee that the different platforms are looking at and using the same values or calculation methods to arrive at the end result.

• This is like expecting a Pepperoni Pizza from Dominos and Pizza Hut to taste the exact same.
  • While there is the generally accepted way to make a Pepperoni Pizza, each company is able to use whatever method they want to arrive at the end result.
• Each platform is made by a separate company and if the method they use to calculate something is different, that is totally up to them.

Please let us know if we may provide any further assistance.

[RJay]

Hi there,

I have a problem with my NinjaTrader that I have been trying to solve for sometime and I haven't cracked it yet so I came here hoping to find some help.

The Renko chart on my NinjaTrader for some reason is so different from the Renko bars on other platforms, this is not a case of slight differences, it is just totally different and I have attached an image below to show you what I am talking about.

To the best of my knowledge, the settings are the same. They are set to 5 Renko as the brick size and NT8 is the only odd one out.
I tested this on MT4, cTrader and NT8, so I know NT8 is the problem.

I don't know if this problem has been answered here before but please if you have a solution let me know thanks. Below I have provided chart pictures

Note: this problem occurs only on Renko for some reason, the normal candle stick is fine as you will see in the picture.

Hi,

Try opening more than one Renko chart with different number of days lookback. Ex 3 and 10. Do these charts match? The price is always correct live but the open and close points are different.My commercial Renko bar chart products all come with a sync feature the allows you to match up different chart lookbacks. this feature also allows entire trading rooms to sync so every member sees the exact same chart.

https://www.innovative-trading-solutions-online.com/new/ninjatrader-renkolive-bar-chart/

[dragp]

Hi,

The default NinjaTrader 8 Renko charts are price-based only (bricks appear when price reaches certain levels).

Other platforms offer time-filtered Renko charts, where bricks print based on both price movement and time intervals.

TradingView's Renko implementation seems superior for trend following strategies due to better noise filtering.

Surprisingly, I haven't found any vendors offering this type of time-filtered Renko chart type.

I'm currently working on replicating their approach.