Mean Renko or Custom Renko/Bar

[Skechers]

Hello,

My TradeStation strategy runs on what TS calls "Mean Renko" bars. The bars are offset by 50%. So next bar's Open is 50% of the previous high-low.

I'm testing my NT8 strategy on NT*'s Renko bars (which is a full close = open bar) and the same parameters does not yield the same results. Optimization results are also different.

Is there a way to use / construct / create / customize the NT8 Renko as a TS Mean Renko (as pictured).

Many Thanks, Caesar.

[NinjaTrader_Jesse]

Hello Skechers,

Yes you could create a custom bars Type for that purpose. If you use the NinjaScript editor you can create a new bars type using the editor. That will generate the code needed for its ID. You can then reference the existing renko code to make a similar bars type. If you have the code for the bars from trade station then you could also reference that to try and match its output.

[Skechers]

Hello Jesse,

Ah, it generates an empty skeleton.

Are there code examples? Renko examples?

Many Thanks, Caesar.

[Skechers]

Hello,

Turns out, I could see the standard Renko bar from NinjaScript editor.

Many Thanks, Caesar.