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

  #31 (permalink)
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MWinfrey View Post
yes I backtested but only with strategy analyzer. i don't use market replay.

Ok is there a easy way for me to get a strategy analyzer for testing, honestly I understand what it means but have never asked anyone how it works. Pm me if you want so it doesnt clutter thread..

Many thx
R

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  #32 (permalink)
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Rad4633 View Post
Ok is there a easy way for me to get a strategy analyzer for testing, honestly I understand what it means but have never asked anyone how it works. Pm me if you want so it doesnt clutter thread..

Many thx
R

It comes with NT...go to the Control Center and click on File-->New-->Strategy Analyzer

the NT documentation covers the use of the strategy analyzer.

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  #33 (permalink)
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aligator View Post
@monpere,

Thanks a bunch for your great invention. My first trade this morning using UniR was good trade.

My question, if I may please, is whether it is possible to write a little indicator for projection of the next bar open (something similar to the one one range bars). I am not quite familiar with the construct of UniR bars.

Much appreciated for sharing.

Cheers!

A number of people have asked for this, so I wrote an indicator to mark the projected bar closes:

https://futures.io/download/ninjatrader-7/indicators/1322-download.html?view

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  #34 (permalink)
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hi monpere
your chart type unirenko incorrectly displays extremes
here the comparison betterrenko vs unirenko

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
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* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
Attached Thumbnails
UniRenko, Universal Renko Bar Type-br.jpg   UniRenko, Universal Renko Bar Type-ur.jpg  
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  #35 (permalink)
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Jonson View Post
hi monpere
your chart type unirenko incorrectly displays extremes
here the comparison betterrenko vs unirenko

@monpere already covered that...https://futures.io/ninjatrader/24408-unirenko-universal-renko-bar-type.html#post281140

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  #36 (permalink)
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Thanks much for sharing this Renko bar type. Couple of quick questions - If I wanted to add this bartype (Custom5) inside a multi-timeframe script, how would I call the function Add(...) ?
Also, is there a way to create a NoGap version of this chart type ?
thanks again for your contribution....

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  #37 (permalink)
davidepalmer
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Thanks for sharing you UniRenko Bars

Thanks for sharing your new bar. For months I have been looking at various hybrid Renko bars and when I saw your they were basically what I had been considering using. I do have one question that you could help with. I have been trading Better Renko bars for the last 6 months and before finding yours really liked them. You do have the option of choosing a brick size with them such as 2/3/4 etc. Is there a way to make the brick on your new bar a little smaller so that the largest bar is not 6 ticks even when set to 2/2/4 your standard settings. I am sure that I have just missed something in the way you have them setup but first wanted to again thank you for sharing and then ask the question. Your help would be greatly appreciated.

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  #38 (permalink)
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davidepalmer01 View Post
Thanks for sharing your new bar. For months I have been looking at various hybrid Renko bars and when I saw your they were basically what I had been considering using. I do have one question that you could help with. I have been trading Better Renko bars for the last 6 months and before finding yours really liked them. You do have the option of choosing a brick size with them such as 2/3/4 etc. Is there a way to make the brick on your new bar a little smaller so that the largest bar is not 6 ticks even when set to 2/2/4 your standard settings. I am sure that I have just missed something in the way you have them setup but first wanted to again thank you for sharing and then ask the question. Your help would be greatly appreciated.

With these new advanced renko bar types, remember that brick sizes are an illusion, since the open of the bars are artificially drawn, and especially with this bar type given the open can be placed where ever the user wants thereby affecting how large the bricks visually look. I guess the smallest brick you can get will be with the values T1R1O1. You can experiment with different values for the parameters to see what the resulting bars look like. Each value represent the number of ticks from the previous bar close for the particular parameter. In general the smaller the values used for each parameter the smaller the bars will be, and the more bars will be produced for each trading session. You can get some very weird looking bars depending on how creative you get with the values.


Last edited by monpere; December 5th, 2012 at 05:27 PM.
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  #39 (permalink)
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monpere View Post
A number of people have asked for this, so I wrote an indicator to mark the projected bar closes:

https://futures.io/download/ninjatrader-7/indicators/1322-download.html?view

When I run this indicator live, the bar does not close on these values, it only closes if prices goes 1 tick outside this range. Is this correct?

"insanity is doing the same thing over and over again and expecting different results." - Albert Einstein
Attached Thumbnails
UniRenko, Universal Renko Bar Type-unirenko.png   UniRenko, Universal Renko Bar Type-unirenko2.png   UniRenko, Universal Renko Bar Type-unirenko3.png   UniRenko, Universal Renko Bar Type-unirenko4.png   UniRenko, Universal Renko Bar Type-unirenkosettings.png  
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  #40 (permalink)
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prisonbreaker82 View Post
When I run this indicator live, the bar does not close on these values, it only closes if prices goes 1 tick outside this range. Is this correct?

Correct. That is where the current bar close will be, that price must be exceeded in order for the bar to close, so that price may be touched several times before the bar closes. The open of the next bar will be 1 tick beyond that. I you want the marker to be where the next bar will open, then use TickOffset=1 in the UniRenkoBarCloses indicator.


Last edited by monpere; December 6th, 2012 at 08:27 AM.
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