Best Renko Bar? - better vs median vs sbs vs wicked - NinjaTrader | futures io social day trading
futures io futures trading


Best Renko Bar? - better vs median vs sbs vs wicked
Updated: Views / Replies:80,080 / 203
Created: by rpm123 Attachments:46

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 46  
 
Thread Tools Search this Thread
 

Best Renko Bar? - better vs median vs sbs vs wicked

  #91 (permalink)
Elite Member
Holland, Michigan
 
Futures Experience: None
Platform: ninjatrader
Broker/Data: CQG
Favorite Futures: Acoustic Guitar
 
trs3042's Avatar
 
Posts: 1,802 since Jun 2009
Thanks: 23,771 given, 5,600 received


yusaf View Post
Hi guys,

where can I find the download link for the latest Better renko indi.

Thanks in advance

Here you go..........

https://futures.io/download/vip_elite_circle/593-download.html?view

Rick

Reply With Quote
The following 2 users say Thank You to trs3042 for this post:
 
  #92 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received


cory View Post
yes betterrenko with betterbrick style but then again its just one man opinion asking for a winner is like asking who is the best looking in miss universe contest.


so wat really is Wicked Renko?

how does that compare with Range_No_Gap, or Better_Renko?

Reply With Quote
 
  #93 (permalink)
tw
Singapore
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: EUR/USD CL TF
 
Posts: 73 since Sep 2011
Thanks: 80 given, 12 received



yusaf View Post
search for "renko vs range" on futures.io (formerly BMT). you will have better idea of how they are calculated.


Thank you Yusaf, now I have a better understanding.

TW


Last edited by TradeWind; September 27th, 2011 at 11:12 AM.
Reply With Quote
 
  #94 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
TheWizard's Avatar
 
Posts: 1,711 since Jun 2009
Thanks: 509 given, 4,072 received


TradeWind View Post
Hey Wiz,
I'm new in this forum and futures.io (formerly BMT). Have just finished reading this thread, thank you for your relentless sharing and contribution.
I could not figure out how the renko bars are built, as it is the same number of ticks on each bar, but not all bars are of same range or height. Can you please advice?
Thank you.
TW

That's true with the MedianRenko bars. The creator never worked out the bug that caused them to be unequal. Not that they don't give good signals, IMO, it's just "cosmetic". The reason I liked them (and especially the RenkoHybrid) is because they smooth out all the "noise" on the price panel and the sub-indicator panels. They just make it easier for me to read and understand.

Rjays RenkoHybrid bars ARE all the same size (body-wise, not counting tails). The thing about RenkoHybrid is: say you have your chart set to 4 tick RenkoHybrid. The bar will have to travel 8 ticks before it exhausts it's "range" so that a new bar is created. The new bar will be created at the "median" or middle of the prior bar & then continue its journey up & down for 8 ticks total traveling distance, before another new 4 tick bar is begun. The bodies of the bars, however, willall be a uniform 4 ticks in size. Hope that explains, somewhat. I've attached a screenshot of Rjays RenkoHybrid.

Keep in mind: ALL the bar types tell the same story. It just depends on which "language" (bar type) you're most comfortable reading. I began with minute bars and struggled trying to read them. I don't like the idea of "compressing" data (price-action) into a human-created concept (time) and then trying to "decipher" it's secret message, so to speak. The plainer, the better. And Renko type bars (all of them) smooth out the "noise", as I said earlier. Pull up a 5 minute chart & put all you indicators that you use on it, then pull up a 2nd chart of MedianRenko, BetterRenko, SBSRenko, etc. & see what I mean.

After all, it's what you learn AFTER you know it all, that counts!
Attached Thumbnails
Best Renko Bar? - better vs median vs sbs vs wicked-screen-shot-2011-09-27-8.34.42-am.png  
Reply With Quote
The following 3 users say Thank You to TheWizard for this post:
 
  #95 (permalink)
Elite Member
france
 
Futures Experience: Beginner
Platform: nt
 
mea109's Avatar
 
Posts: 201 since Oct 2009
Thanks: 1,776 given, 50 received

I have imported the following custom bar types :
- MedianRenko
- NoGapRange
- BetterRenko

BetterRenko does not appear on my list so that I'm able to select it. Are there known assigment conflicts ?

Reply With Quote
 
  #96 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,004 since Aug 2009
Thanks: 803 given, 1,368 received

I don't use these but one of them apparently conflicts with one of the other custom bar types you have loaded.

The bar 'space' is reserved in the code under the name:
 
Code
base(PeriodType.XXX)
The XXX in your bar types will have one of the following Custom0 - Custom9 or Final0 - Final4
There can only be ONE bar type with each Custom or Final name.
Check each bar type and see which one is duplicated and change it to one not used.
Then Compile something and restart NT.



mea109 View Post
I have imported the following custom bar types :
- MedianRenko
- NoGapRange
- BetterRenko
BetterRenko does not appear on my list so that I'm able to select it. Are there known assigment conflicts ?


Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Reply With Quote
The following 2 users say Thank You to DavidHP for this post:
 
  #97 (permalink)
Elite Member
france
 
Futures Experience: Beginner
Platform: nt
 
mea109's Avatar
 
Posts: 201 since Oct 2009
Thanks: 1,776 given, 50 received

Thanks for your help.

I just checked and each are different already :
- NoGapRange = Custom2
- MedianRenko = Custom0
- Better = Custom4

Can it come from somewhere else ?!

Reply With Quote
 
  #98 (permalink)
tw
Singapore
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: EUR/USD CL TF
 
Posts: 73 since Sep 2011
Thanks: 80 given, 12 received


DavidHP View Post
I don't use these but one of them apparently conflicts with one of the other custom bar types you have loaded.

The bar 'space' is reserved in the code under the name:
 
Code
base(PeriodType.XXX)
The XXX in your bar types will have one of the following Custom0 - Custom9 or Final0 - Final4
There can only be ONE bar type with each Custom or Final name.
Check each bar type and see which one is duplicated and change it to one not used.
Then Compile something and restart NT.


Hi David,
How do we access the NT bar types script to rectify this issue may I ask?
Thank you.
TW

Reply With Quote
 
  #99 (permalink)
Elite Member
france
 
Futures Experience: Beginner
Platform: nt
 
mea109's Avatar
 
Posts: 201 since Oct 2009
Thanks: 1,776 given, 50 received

Just edit in notepad bars .cs files located in /Documents/NinjaTrader7/bin/Custom/Type

Reply With Quote
 
  #100 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
RJay's Avatar
 
Posts: 677 since Jun 2009
Thanks: 726 given, 740 received



mea109 View Post
Thanks for your help.

I just checked and each are different already :
- NoGapRange = Custom2
- MedianRenko = Custom0
- Better = Custom4

Can it come from somewhere else ?!

Hi mea109,

Right click on folder "Type" and search for string in files the following string - PeriodType.Custom4

Post results.

RJay

Reply With Quote

Reply



futures io > > > > Best Renko Bar? - better vs median vs sbs vs wicked

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
SBS-RENKO Warren B. NinjaTrader 5 February 14th, 2013 06:32 PM
Wicked Renko custom bar type for NT7 aslan NinjaTrader Programming 25 March 10th, 2012 11:13 AM
how to load Median renko and LineBreakwicked type bar kieuthu59 NinjaTrader 8 April 11th, 2011 03:56 PM
Median Renko bar masoud Traders Hideout 2 January 1st, 2011 09:32 PM
SBS Renko +PaintBar Warren B. NinjaTrader Programming 4 January 8th, 2010 01:39 PM


All times are GMT -4. The time now is 07:37 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.14 seconds with 40 queries on phoenix via your IP 54.163.209.109