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

  #271 (permalink)
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wahn View Post
Tasker_182,

Thanks for responding to consider to my request.

I don't have a preference as long as it works with other indies.

I always appreciate for your help and valuable time.

Cheers,

wahn

I was responding to the attachments you posted. One of them is a DLL.

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  #272 (permalink)
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Tasker_182 View Post
I was responding to the attachments you posted. One of them is a DLL.

The attachment has been removed. DLL's are not permitted on futures.io (formerly BMT) without prior approval.

Mike

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  #273 (permalink)
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spec for uni


Not sure if this question has been asked but the 'default' for the UniRenko bar is as follows:

Tick Trend: 2
Tick Reversal: 4
Tick Open Offest: 2

This default works well with some contracts (ES) but leads to a little too much chop in other contracts (TF). Just wondering if anyone has figured out the best spec's for the following contracts:

ES
EMD
GC
CL
ZN
6E
ZB
NQ
TF
YM

thanks

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  #274 (permalink)
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tflanner View Post
Not sure if this question has been asked but the 'default' for the UniRenko bar is as follows:

Tick Trend: 2
Tick Reversal: 4
Tick Open Offest: 2

This default works well with some contracts (ES) but leads to a little too much chop in other contracts (TF). Just wondering if anyone has figured out the best spec's for the following contracts:

ES
EMD
GC
CL
ZN
6E
ZB
NQ
TF
YM

thanks

The best specs are what works for your eye and trading style. Myself I like the 1 tic increment. I also like to have multiple time frames or in this case multiple bar sizes for each instrument. So for me, I use T1R1909, T1R904 and T1R402. I trade 6E, 6J and TF.

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  #275 (permalink)
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tflanner View Post
Not sure if this question has been asked but the 'default' for the UniRenko bar is as follows:

Tick Trend: 2
Tick Reversal: 4
Tick Open Offest: 2

This default works well with some contracts (ES) but leads to a little too much chop in other contracts (TF). Just wondering if anyone has figured out the best spec's for the following contracts:

ES
EMD
GC
CL
ZN
6E
ZB
NQ
TF
YM

thanks

I trade the CL using

Tick Trend: 2
Tick Reversal: 10
Tick Open Offset: 4

Rick

"If you're going to panic during a trade............. panic early."
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  #276 (permalink)
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Erez View Post
I want to add UniRenko bar type to existing MTF indicator as secondary series, unlike regular tick bar type which require only one period parameter, UniRenko requires three (Trend, Reversal, Offset), and this cannot be done in the regular way.

The format is in this thread. Try searching for "Custom5".

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  #277 (permalink)
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MrYou View Post
The format is in this thread. Try searching for "Custom5".

Thanks, I found it, let's see if it also works correctly.

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  #278 (permalink)
davidepalmer
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UniRenko settings for 6e

First let me say again thank you to the author of the UniRenko Bar. I use it for all of my trading as it shows the price action of any instrument very well I think. I scalp the 6e and have found the settings of 1/1/2 and 1/1/3 to be very good for scalp trading the 6e. 1/1/4 can also be good if you are trying to clear up some of the chop.

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  #279 (permalink)
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davidepalmer01 View Post
First let me say again thank you to the author of the UniRenko Bar. I use it for all of my trading as it shows the price action of any instrument very well I think. I scalp the 6e and have found the settings of 1/1/2 and 1/1/3 to be very good for scalp trading the 6e. 1/1/4 can also be good if you are trying to clear up some of the chop.

I was curious and tried the settings 1/1/3 and it seems to reveal a bug. I noticed a difference with a regular time based chart so I compared 2 settings using this bar type. The same swing low that occured around 10:16am EST shows a difference of one tick on the NQ. See picture:

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Unirenko


Im a big fan of the unirenko bartype. Are they only available for NT or is it possible to use them for other platforms, too? Here i would be interested to use them on dukascopy, but how? Is tehre a way to program them as an indicator like it works for Mt4/ MT5? Can someone do that here? Thanks!

Waiting, Discipline and Patience Pays!

Last edited by pipandrun; December 16th, 2013 at 06:55 AM.
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