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UniRenko, Universal Renko Bar Type
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UniRenko, Universal Renko Bar Type

  #231 (permalink)
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VictorK View Post
@TraderG
It looks like a Tick Reversal of 7 and Open Offset of 4 for UniRenko will get you the same signals as Nexgen on the chart.
I use CCI_EMA for confirming entries, and they seem to be dead on.

Victor

Thanks Victor....
If you don't mind can you also give me the UniRenko setting that corresponds to 12-3 on RenkoSpectrum

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  #232 (permalink)
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TraderG View Post
Thanks Victor....
If you don't mind can you also give me the UniRenko setting that corresponds to 12-3 on RenkoSpectrum

@ TraderG
Just keep the same relationship and multiply 1,7,4, by 3 eg. 3, 21, 12.

Enjoy the long week end here in Ontario.

Victor

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  #233 (permalink)
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Tasker_182 View Post
I agree, most any indicator will be similar in nature when plotted in these type charts. If only there was one that could give you a warning the bar before the reversal bar...


trendisyourfriend View Post
At first sight your CCI_EMA looks impressive or accurate to say the least but why would you need it as it seems to give a signal each time you get a reversal bar? It appears that all you need is a reversal bar on the chart, no? Anyway, i'd like to test it. Is it a public indicator? on futures.io (formerly BMT) or elsewhere?

@TASKer
@Trendisyourfriend

As I said I use the CCI_Emi as a confirming indicator.
When you are at the right edge of the chart the price bar can have wide swings before it prints, so the crosses of the CCI_EMI indicator, or the 0 line help getting over the psychology of indecision.

The indicator is from futures.io (formerly BMT).

Victor

Attached Thumbnails
UniRenko, Universal Renko Bar Type-eurusd-1-unirenko-t1r7o4-8_2_2013.jpg  
Attached Files
Register to download File Type: zip CCI_EMAv2.zip (5.8 KB, 305 views)
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  #234 (permalink)
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VictorK View Post
@ TraderG
Just keep the same relationship and multiply 1,7,4, by 3 eg. 3, 21, 12.

Enjoy the long week end here in Ontario.

Victor

Thanks -- I am having a good weekend. I am actually in Oakville. Hope you are enjoying it too!

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  #235 (permalink)
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UniRenko Bar ReversalOpen

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Silvester17 View Post
@2010,

I've done this a while back.

@monpere, please let me know if you don't like your indicators modified and I'll delete this version.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Hi Silvester17,

Could you create the UniRenko indicator that alerts with Wingdings (selectable size and color) and sound(high priority)?

For instance, In T2R13O1 it will alert when the current new open


1) is same as the close of previous bar,
2) or also is just one tick away from the close of previous bar in trend.

*Calculate on bar close =" False "
*doesn't need to clean up the failed historical Wingdings, but T or F option would be great.

I always appreciate for your help and valuable time.

Cheers,

wahn or

Attached Thumbnails
UniRenko, Universal Renko Bar Type-cl-09-13-2-unirenko-t2r33o1-8.6.2013-13.34.15.png   UniRenko, Universal Renko Bar Type-snag-0001-8-6-2013.png  

Last edited by wahn; August 6th, 2013 at 04:15 PM.
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  #236 (permalink)
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how do you get it to show on NT?

Hi MonPere, Dowloaded UniRenko, how do you get it to show on NT?
Thanks,
CB


monpere View Post
In this thread, I am posting my Universal Renko bar type implementation. I have been using it exclusively in my trading for a while now, and have had many requests for it. I wanted a more flexible Renko bar that could be customized in a particular way to fit my trading style, so I decided to make a bar type that allows the user to configure it more liberally to better suit their particular needs.

Basically the UniRenko bar, allows the user to choose when the bar closes in the direction of the previous bar (Trend), and when it closes in the direction against the previous bar (Reversal). So, you may choose for a new bar to form when the price has moved 5 ticks up from the previous close, or 10 ticks down from the previous close.
This allows you to tailor the bar in ways that hopefully may enhance your particular trading style. For instance, I am a reversal trader, entering on reversal bars, and putting my stop behind the entry bar. So, I have tested and chosen trend and reversal settings that minimize the size of reversal bars, and therefore minimize my stop loss sizes, while still producing clean sharp indicator patterns my trading method is based on.

Like most of the other advanced Renko bar types, the UniRenko bar open is artificial, so I consider it aesthetic only, and I do not use it in the bar size calculation. The bar calculations are based on the previous bar close. I personally like to place the open half way up the previous bar as I like the way the bars look with that setting. The tails on the bar show real prices. The bar should be backtestable if stops/targets are placed outside of the bar.

Because all the parameters are user selectable, and no aspect of the bar is derived from an arithmetic calculation, there should be no restriction on any bar parameter having to be odd or even, etc. Internally uses NT PeriodType.Custom5

I have hesitated to post this bar type before, as it can be configured to mimic some commercially available Renko bar types. I purchased some of those commercial bars myself, but they did not fully meet my needs. The purpose of this implementation is to provide traders with more flexibility, that hopefully with some experimentation may ultimately enhance their trading like it did mine.

futures.io (formerly BMT) Download link:

https://futures.io/download/ninjatrader-7/indicators/1304-download.html?view


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  #237 (permalink)
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barron View Post
Hi MonPere, Dowloaded UniRenko, how do you get it to show on NT?
Thanks,
CB

You have to copy it in My Documents\NinjaTrader 7\bin\Custom\Type and restart NT.

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  #238 (permalink)
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UniRenko Modification if possible

I typically have traded the CL and have been using the UniRenko bar type with success. I was wondering if it was possible for the UniRenko Bar type to be coded so that at the beginning of each session it would be default that the candle would always close on the 5 cents (ie .05 or .10 or .15 etc) I use a tick trend of 5 but I would like it to always be on the .05 multiple. I typically only trade the RTH but use a 24 hour template so getting a "false" candle to start the session would be OK for my purposes. Is this possible. Thanks in advance

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  #239 (permalink)
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VictorK View Post
@TASKer
@Trendisyourfriend

As I said I use the CCI_Emi as a confirming indicator.
When you are at the right edge of the chart the price bar can have wide swings before it prints, so the crosses of the CCI_EMI indicator, or the 0 line help getting over the psychology of indecision.

The indicator is from futures.io (formerly BMT).

Victor

Hi Victor / TraderG
Thanks for your input.
I'm from Mississauga.
As we three of us are following the same system, It would be nice if we could meet at a common place to share info .
You may contact me @ 905-804-9645.
Regards,
Raj1

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  #240 (permalink)
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VictorK View Post
@TASKer
@Trendisyourfriend

As I said I use the CCI_Emi as a confirming indicator.
When you are at the right edge of the chart the price bar can have wide swings before it prints, so the crosses of the CCI_EMI indicator, or the 0 line help getting over the psychology of indecision.

The indicator is from futures.io (formerly BMT).

Victor

Hi Victor:
Can you elaborate on your confirming signal using CCI_EMA indicator.
You have the confirming signal after cci& ema cross or cci cross 0-line or ema cross 0-line?
Appreciate your input.
Regards,
Raj1

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