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UniRenko, Universal Renko Bar Type
Started:November 18th, 2012 (12:12 PM) by monpere Views / Replies:168,202 / 548
Last Reply:January 14th, 2017 (08:39 AM) Attachments:97

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UniRenko, Universal Renko Bar Type

Old   #401 (permalink)
Trading Apprentice
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hi,
is it possible to receive the actuell version of uni renko (without beeing an elite member)?
(newbee is asking)
thx

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Old   #402 (permalink)
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Tradexxx View Post
hi,
is it possible to receive the actuell version of uni renko (without beeing an elite member)?
(newbee is asking)
thx

I don't believe it is. If you are serious about trading, it is well worth it to become an elite member. I believe the cost is $100.

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Old   #403 (permalink)
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Tradexxx View Post
hi,
is it possible to receive the actuell version of uni renko (without beeing an elite member)?
(newbee is asking)
thx

yes, anything is possible, keep looking eh... googling.

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Old   #404 (permalink)
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does the current version of UniRenko bars type support the following:
1) New bar only when current bar is exceeded by 1 tick
2) No new bars on session start
3) Filled gaps

my apologies in advance if this has been covered earlier in the discussion. also, does anyone have something like this for Python/R ?

thanks for your help

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Old   #405 (permalink)
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buylosellhi View Post
does anyone have something like this for Python/R ?

I haven't seen UniRenko for Python but you can amend standard Renko to give you UniRenko. Here is an example of Python implementation of Renko bars:
https://machinelearningtrading.wordpress.com/2014/02/23/plotting-renko-bars-in-python/

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Old   #406 (permalink)
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UniRenko Properties

@buylosellhi
does the current version of UniRenko bars type support the following:
1) New bar only when current bar is exceeded by 1 tick
--> Yes
2) No new bars on session start
---> Not sure
3) Filled gaps
--> Yes

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Old   #407 (permalink)
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justtrader View Post
@Ricky H: "... but I relly wanted t avoid an Hline going all the way across my uni-renko chart. "

There is actually value in having a Horizontal Line. You can easily see prior support and resistance areas. But, since you insist, I made some changes to UniRenkoBarCloses which hopefully will do what you want. See attached jprUniRenkoBarClosesV2.zip.


Justtrader,
Thank You so much for coding this indicator. It is absolutely awesome! I've used it for the past few days and, it works perfectly on my uni-renko charts. It solves the only issue (in my opinion) that I was having on my uni-renko charts. It helps me see the price without having to rely on the price axis panel. Thanks Again, Great Job!

oh btw, it will also work on other chart types as well, (min, tick,other renko types, etc.. Although it only prints the current price, w/o the projections. All the way around it works great!

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Old   #408 (permalink)
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justtrader,
Thanks for your reply. I see the code is not checking for Session start (unlike Renko in @BarsType.cs) but where do you see the 'New Bar When Exceeded' in the calculation ? Is it the hard inequality "</>" in lines 61/62 as opposed to ">=" and "<=" ?

thanks for your help !

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justtrader View Post
@buylosellhi
does the current version of UniRenko bars type support the following:
1) New bar only when current bar is exceeded by 1 tick
--> Yes
2) No new bars on session start
---> Not sure
3) Filled gaps
--> Yes


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Old   #409 (permalink)
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Offset to 0

Can we get a Zero offset?

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Old   #410 (permalink)
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jlwade123 View Post
Can we get a Zero offset?

Funny you ask for it - I was thinking about this recently as with this change UniRenko would truly become universal (oh, ok plus some more like new session treatment, new bar on hit or exceed).

@mrmuggins version of UniRenko (screenshot from your journal) most likely uses a workaround that hardcodes some values, eg. Offset == 98 (or >=98) is considered as zero. This should work fine, but it is still a workaround for the fact that native Period.BarsPeriodValue is set to have minimum value of 1 (ie: Math.Max(1, value)).

I don't see a way to override this property to change its behaviour but maybe someone had achieved this.

Alternatively it would be also interesting to try adding completely new property and not relying on the existing Period.XXXXX fields.

Was anyone successful in any of these 2 tasks?

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