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UniRenko, Universal Renko Bar Type
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Created: by monpere Attachments:101

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UniRenko, Universal Renko Bar Type

  #431 (permalink)
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offset

hello,

has anybody been able to figure out how to create an offset of 0 for unirenko?
this would really be great

cheers,
mike

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  #432 (permalink)
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mk77ch View Post
hello,

has anybody been able to figure out how to create an offset of 0 for unirenko?
this would really be great

cheers,
mike

@mk77ch,
You can find it here:

https://futures.io/ninjatrader/24408-unirenko-universal-renko-bar-type-30.html#post392178

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The following 5 users say Thank You to Erez for this post:
 
  #433 (permalink)
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unirenko for tradestation


has anyone developed unirenko for tradestation?

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  #434 (permalink)
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great bars

Universal renko is a great bars to use for a automated strategy development , takes away side noise . But since beginning of the bar doesnt have a fix values its makes the back test a bit tricky. So for settings 2-4-16 -offset- trend- reversal --- what would be appropriate slippage # to have realistic back test results /???
Thanks in advance


Last edited by options; April 10th, 2015 at 01:54 PM.
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  #435 (permalink)
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Erez View Post
@mk77ch,
You can find it here:

30.html#post392178[/URL]

Nice job @Erez.

There are a couple of bugs from prior version of Unirenko:
1. On some reversal areas Unirenko loses the high Tick or the Low Tick. (See picture).
2. The last tick of the bar is also missing. (See picture).
Hope one day you find some time to correct them.

@options, I would say that the slippage would be the value of the trend. For your example "for settings 2-4-16 -offset- trend- reversal" it would be 4 ticks.

Attached Thumbnails
UniRenko, Universal Renko Bar Type-unirenkohilolastbug.bmp  
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  #436 (permalink)
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sierra

sierra chart similar flex Renko bar..good topics and posts, thanks

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  #437 (permalink)
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This is a very nice indiactor. Thank you monpere.

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  #438 (permalink)
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Is the download for this indicator open source code or is it locked?

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  #439 (permalink)
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aligator View Post
For UniRenko, "Offset" really serves no purpose other than makes bars look nice and un-weird. A nice, clean, and less confusing way to show the bars is to use Box for chart style. All really one cares about is the breakout.

Here is an example how it would look on my chart.

Cheers!

Very nice chart aligator, that's a good looking setup! I just discovered renko recently, and wow! I might be able to actually start making winning trades now

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  #440 (permalink)
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Secondary indicators/filters


Does anyone have recommendations for indicators/filters to use with renko? DMI/ADX and Laguerre MA both seem promising. I'm new to this, so any help is greatly appreciated!! Thank you in advance.

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