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

  #81 (permalink)
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yep...you be right fattails...so easily distracted we are...

I noticed something about the BetterRenko the other day and brought it to the attention of aslan but he is no longer supporting it on NT. The BR uses the modulus function to round the close of the bar to the same divisor as the number of ticks. So, in other words, I use a 10 tick BR brick and the BR makes the close in multiples of 10 ticks. I think this occurs on the first bar of each session and as long as you get 10 ticks movement your bricks will close on multiples of 10 ticks. I hope I've described this well enough. Also, the last bar of the session is truncated so the first bar of the session is a complete bar. Both of these attributes attempt to ensure your price patterns for each day remain consistent from day to day. That way, when you look at your live chart today and see a pattern, it will be there in the same place exactly the same way when loading historic data. As a backtester, this is very nice to be able to reproduce a days results each and every time I bring up a chart.

However, I noticed differences at times that puzzled me. The brick on historic data does not at times break at the multiples of 10. I've never seen this happen on the current day but scrolling back I see this occur. I've never encountered this when using a session template of Default 24/7. I trade CL and use Nymex Metals / Energy ETH session template. I spent a bit of time trying to figure this out but did not come up with a fix. So, thought I'd mention it in case it's of interest to anyone else. BTW, I'm not talking about the occasional missing of the multiple but an every bar occurence that finally fixes itself.

Take a look at the attached chart and you'll see what I mean. Those horizontal gridlines are spaced 10 ticks apart and the bricks should open and close on those gridlines the vast majority of the time. But as you see, they don't.

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Best Renko Bar? - better vs median vs sbs vs wicked-brissue.jpg  
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  #82 (permalink)
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Moderator Note


Lets keep this thread on-topic: Renko bar comparisons.

You can start a new thread in the Vendor section to discuss Woodies.



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  #83 (permalink)
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woodie, the cci is NOT yours....



woodie View Post
great to see so many here interested in my CCI ..using the CCI correctly will help your trading for sure

woodie

woodie:

inasmuch as you like to continuously claim ownership from others' hard work and sweat....;

the cci is not yours by any long shot....

neither is a's intellectual property--ranko, m-ranko et cetera.... yours....

on post #48, there are a few questions for you to come clean, care to address those questions first?

imho, it is a disgrace and dishonor to yourself, if you continue to use the term--woodiebar or the like....

be good and me wish you well.... woodie


Last edited by nakachalet; September 14th, 2011 at 07:58 PM.
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  #84 (permalink)
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withdrawing my personal comments. wish i know where the delete button is.... sorry everyone.


Last edited by nakachalet; September 14th, 2011 at 08:04 PM.
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  #85 (permalink)
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MedianRenko_NT7 does not seem to run on NT 7.0.1000.7 (no bars plotted). Anyone else has same experience? I was ok with previous versions of NT7.

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  #86 (permalink)
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aligator View Post
MedianRenko_NT7 does not seem to run on NT 7.0.1000.7 (no bars plotted). Anyone else has same experience? I was ok with previous versions of NT7.

Aligator,

After NT 7 came out, I noticed that, as well. I contacted Rjay and he was kind enough to convert the old MedianRenko from NT6.5 to NT7 for me. I have attached it for you and anyone else who has an interest in it.

You need to MANUALLY move the MedianRenko_NT7.cs file into your TYPE folder (Documents>NinjaTrader7>Bin>Custom>Type), then shutdown NinjaTrader and Restart NinjaTrader.

After that, it will appear in your DataSeries list of bar types, along with Tick, Minute, Range, etc.

Enjoy!

P.S. I forgot to mention, after Rjay introduced RenkoHybrid, this year, I switched from MedianRenko in favor of his new bar type, which is far superior to the old MedianRenko.

After all, it's what you learn AFTER you know it all, that counts!
Attached Files
Register to download File Type: cs MedianRenko_NT7.cs (7.0 KB, 266 views)

Last edited by TheWizard; September 25th, 2011 at 06:56 PM.
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  #87 (permalink)
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aligator View Post
MedianRenko_NT7 does not seem to run on NT 7.0.1000.7 (no bars plotted). Anyone else has same experience? I was ok with previous versions of NT7.

FYI

I'm using MedianRenko on NT 7.0.1000.7 and it works fine.

Rick

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  #88 (permalink)
tw
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TheWizard View Post
Aligator,

After NT 7 came out, I noticed that, as well. I contacted Rjay and he was kind enough to convert the old MedianRenko from NT6.5 to NT7 for me. I have attached it for you and anyone else who has an interest in it.

You need to MANUALLY move the MedianRenko_NT7.cs file into your TYPE folder (Documents>NinjaTrader7>Bin>Custom>Type), then shutdown NinjaTrader and Restart NinjaTrader.

After that, it will appear in your DataSeries list of bar types, along with Tick, Minute, Range, etc.

Enjoy!

P.S. I forgot to mention, after Rjay introduced RenkoHybrid, this year, I switched from MedianRenko in favor of his new bar type, which is far superior to the old MedianRenko.



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

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  #89 (permalink)
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Better renko download

Hi guys,

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

Thanks in advance

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  #90 (permalink)
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welcome



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

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

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