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Renko using the source as Close instead of OHLC

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    Renko using the source as Close instead of OHLC

    Hi,

    Currently the Renko bricks in Ninja Trader match exactly with the Renkos on OHLC source inTrading View. But is there a way to match them (or is there a custom Renko) to TradingView's Renko bricks with source set to Close.

    #2
    Hello admiralpanda,

    Welcome to the NinjaTrader forums!

    Unfortunately, I am not clear on what you are asking.

    The Renko bar type is built using historical and real-time tick data and isn't based on the ohlc of minute, day, or any other bars type.

    The script is open source and you can take a look at the code in the NinjaScript Editor.
    Chelsea B.NinjaTrader Customer Service

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      #3
      Sorry, I'm new to non-time based charts. I will check the code.

      On Tradingview I see the there are two different sources - OHLC and Source (seen in the screenshot). When I compare the Renko charts on Trading View and Ninja Trader, I see that the OHLC version of TradingView matches exactly with Ninja Traders Renko chart.
      In TradingView when I switch the source to Close, it eliminates a lot of chop (I don't know what it does behind the scenes, there no documentation on it). So, I was wondering if there was a similar configuration or a custom Renko that copies the same functionality.


      Click image for larger version

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        #4
        Hello admiralpanda,

        Unfortunately, Renko bars do not have an option like this.

        I am also uncertain what that would be doing.
        Chelsea B.NinjaTrader Customer Service

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          #5
          Oh Okay. Thank you!

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