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:79,931 / 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

  #1 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received

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

I've researched and have seen a lot of disagreement and conflicting info. Has a winner emerged?


Last edited by rpm123; January 30th, 2012 at 04:58 PM.
Reply With Quote
The following 2 users say Thank You to rpm123 for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,216 since Jun 2009
Thanks: 628 given, 6,314 received
Forum Reputation: Legendary


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.

Reply With Quote
 
  #4 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 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.

shoot, you threw in another variable, betterbrick.

@roonius, i know you created at least two of these, can you pls be sure to weigh in. I know you don't support median anymore, are you still happy with sbs and compared them to the others?

thanks cory, roonius,
rpm123

Reply With Quote
 
  #5 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

Answer
This post has been selected as an answer to the original posters question Answer


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.

Maybe you cannot agree, who is the prettiest girl in the contest, but there are a few that are already overweight and have wrinkles So let us look at the different renko bar types that have been created. I think that all bar types with an *) are obsolete.

- Ed's Renko *)
- MedianRenko *)
- B6Renko *)
- WickedRenko *)
- SBSRenko
- NinjaTrader Renko (introduced with NT7)
- LogikRenko
- BetterRenko

I think that @aslan has created B6 Renko, Wicked Renko and Better Renko. Better Renko is the latest creation and replaces the earlier models. @roonius was involved with MedianRenko and SBSRenko, and only recommends SBSRenko as per now. That limits the choice to four of those Renko bar types, namely:

- Default NT Renko
- SBS Renko
- LogikRenko
- BetterRenko

I have never tested LogikRenko - which is a commercial bar type. However, I have installed the three other ones. I have not had any problems with the default Renko and the BetterRenko bar types. But I had problems with SBSRenko, as it is not compatible with all NinjaScript methods.

For example all my multi-timeframe indicators, which need to take into account the NinjaTrader sessions to close the higher timeframe bars, do not run on SBS Renko, but they do run on the NinjaTrader default Renko and on Better Renko bars (and on all other NinjaTrader default types).

That is my current state of knowledge. If anyone knows better, please post!


Last edited by Fat Tails; August 18th, 2011 at 03:44 PM.
Reply With Quote
The following 10 users say Thank You to Fat Tails for this post:
 
  #6 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,216 since Jun 2009
Thanks: 628 given, 6,314 received
Forum Reputation: Legendary


Fat Tails View Post
...

I think that @aslan has created Eds Renko, B6 Renko, Wicked Renko and Better Renko. ...

That is my current state of knowledge. If anyone knows better, please post!

just this, Ed created Eds Renko.

Reply With Quote
The following user says Thank You to cory for this post:
 
  #7 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary


cory View Post
just this, Ed created Eds Renko.

Have modified my post. Thanks for the correction.

Reply With Quote
 
  #8 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received

Better Renko

I have become a very big Better Renko fan! Very easy to see price action.

Attached Thumbnails
Best Renko Bar? - better vs median vs sbs vs wicked-2011-08-18_1207.png  
Reply With Quote
The following 4 users say Thank You to Jeff Castille for this post:
 
  #9 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
rpm123's Avatar
 
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received


Fat Tails View Post
Maybe you cannot agree, who is the prettiest girl in the contest, but there are a few that are already overweight and have wrinkles So let us look at the different renko bar types that have been created. I think that all bar types with an *) are obsolete.

- Ed's Renko *)
- MedianRenko *)
- B6Renko *)
- WickedRenko *)
- SBSRenko
- NinjaTrader Renko (introduced with NT7)
- LogikRenko
- BetterRenko

I think that @aslan has created B6 Renko, Wicked Renko and Better Renko. Better Renko is the latest creation and replaces the earlier models. @roonius was involved with MedianRenko and SBSRenko, and only recommends SBSRenko as per now. That limits the choice to four of those Renko bar types, namely:

- Default NT Renko
- SBS Renko
- LogikRenko
- BetterRenko

I have never tested LogikRenko - which is a commercial bar type. However, I have installed the three other ones. I have not had any problems with the default Renko and the BetterRenko bar types. But I had problems with SBSRenko, as it is not compatible with all NinjaScript methods.

For example all my multi-timeframe indicators, which need to take into account the NinjaTrader sessions to close the higher timeframe bars, do not run on SBS Renko, but they do run on the NinjaTrader default Renko and on Better Renko bars (and on all other NinjaTrader default types).

That is my current state of knowledge. If anyone knows better, please post!

I think Fat Tails narrows it down pretty well to BetterRenko. Thank you. I have been using these mostly and had only tried the other ones for a short time (excepting the commercial bars, never tried them). I have not played with the Better Brick option of Better renko, which I'll try. Plus in my research I found a indie that predicts the close (like the one for the range bar) which I will load and try. As well as my research pointed to @MWinfrey's method of adjusting the grid to the bar size. All good stuff. Thanks again to the futures.io (formerly BMT) gang. Please, anyone to weigh in more would be great.

Reply With Quote
 
  #10 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,216 since Jun 2009
Thanks: 628 given, 6,314 received
Forum Reputation: Legendary



rpm123 View Post
... Please, anyone to weigh in more would be great.

just this, he wrote a project betterko close indi for the next up bar and down bar but they are hard to see so I bold them a bit.

Attached Files
Register to download File Type: cs RenkoBrickClose.cs (6.3 KB, 461 views)
Reply With Quote
The following 6 users say Thank You to cory for this post:

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)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

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 03:02 AM.

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 2017-12-13 in 0.13 seconds with 38 queries on phoenix via your IP 54.226.132.197