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

  #341 (permalink)
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traderTX View Post
I am new.
i downloaded the unirenko indicator.
and went to utilities / imported the indicator.
got the little box that says it got imported ok.
but when i r-click on the chart and look in indicators.
i dont find renko or unirenko.

did i not import the indicator correctly or does it show up differently in nt ?

I think you need to restart NinjaTrader because you are installing a new bartype. After you restart ninja, create a new chart and where the type of chart is listed tick, range, minute, daily, etc.. you should now find the type Unirenko.

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  #342 (permalink)
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Thanks,
just had to go to the data series and look under type and there it was.
the pic you posted helped out a lot.
many thanks.

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  #343 (permalink)
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Phantom bars??


Hi all,

I have a question about how UniRenko bars are calculated if a tick arrives which is essentially outside of the current bars boundaries creating a new bar and essentially, out of the next.

For example, on CL, using T2R6O2 (Trend = 2, Reversal = 6, Offset = 2) and tickSize = 0.01 with the previous bar close of 95.50 going bullish, a new bar should be created if tick price goes more than 95.52 or beyond or less than 95.44.

What would happen if the new tick came in at 95.60? Would a phantom bar be created to fill in the gap because essentially, each brick using the above configuration would be 4 ticks.

I hope I've explained my question clearly and I hope someone knows the answer to this.

Thank you

David

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  #344 (permalink)
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In that case, a series of "phantom" bricks would be constructed to fill the price gap, each with it's phantom or theoretical open 2 ticks inside the prior brick.

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  #345 (permalink)
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trendwaves View Post
In that case, a series of "phantom" bricks would be constructed to fill the price gap, each with it's phantom or theoretical open 2 ticks inside the prior brick.

An exception to that is at a session break where you will likely see a gap.

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  #346 (permalink)
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(in all seriousness...)

has anyone done tests in comparison of the value of PnF vs Renko (any type renko)?

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  #347 (permalink)
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trendwaves View Post
In that case, a series of "phantom" bricks would be constructed to fill the price gap, each with it's phantom or theoretical open 2 ticks inside the prior brick.

Thank you "trendwaves", I just couldn't see the logic in the Ninja Script for this when I opened up the UniRenkoBarsType.cs file. Maybe my Ninja Scripting is just a little rusty ;-)

Have a great trading day!

David

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  #348 (permalink)
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Tasker_182 View Post
An exception to that is at a session break where you will likely see a gap.

Tasker, so at a session break, on resume of a session, for the first bar, how is the previous Close calculated? As far as I understand, UniRenko uses previous Close as the point of all calculations.

Thanks and kindly

David

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  #349 (permalink)
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traderdavidt View Post
Tasker, so at a session break, on resume of a session, for the first bar, how is the previous Close calculated? As far as I understand, UniRenko uses previous Close as the point of all calculations.

Thanks and kindly

David

I honestly do not know, however it is an easy observation to make, simply scroll back.

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  #350 (permalink)
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Unirenko opening session candle


I am looking to get the bar type modified if possible. I am looking to be able to set where the first candle of the session closes. For example, I want the candles on the ES to always close on the even dollar amounts in each daily session. Is there a way to add code to force the close. Or can I add code to create a phantom bar based on the opening price of the session to accomplish this feat. Thanks in advance.

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