UniRenko, Universal Renko Bar Type - NinjaTrader | futures.io
futures io futures trading


UniRenko, Universal Renko Bar Type
Started: by monpere Views / Replies:177,392 / 562
Last Reply: Attachments:101

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 101  
 
Thread Tools Search this Thread
 

UniRenko, Universal Renko Bar Type

  #501 (permalink)
Elite Member
Ramey
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: None
Favorite Futures: ES, YM
 
Posts: 23 since Aug 2009
Thanks: 12 given, 5 received

COMBO

Has anybody ever come across this concept:

Combining RENKO,KAGI and PNG

Attached Thumbnails
UniRenko, Universal Renko Bar Type-combo.png  
Reply With Quote
The following 2 users say Thank You to drakebauer for this post:
 
  #502 (permalink)
Elite Member
san francisco
 
Futures Experience: Intermediate
Platform: Ninja Trader, TOS
Favorite Futures: tf, cl, gc, dax, es
 
Posts: 27 since May 2011
Thanks: 25 given, 38 received

Combo

Never seen it. It looks interesting. Might look into it down the road.

Reply With Quote
The following user says Thank You to justtrader for this post:
 
  #503 (permalink)
Elite Member
Ramey
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: None
Favorite Futures: ES, YM
 
Posts: 23 since Aug 2009
Thanks: 12 given, 5 received

combo


They guy that wrote it did it for AmiBroker and this is all I could get but I am not a programmer

Point and figure uses box size and reversal box count.

In Kagi, the absolute increment or %age mimics the box size. The normal rule for reversal in Kagi is to use the same "box size" for reversal. Thats equivalent to a reversal box count of 1 for PnF. There is no reason, you cannot change the reversal logic to the same as PnF in Kagi.

As far as Renko is concerned, The vertical X's and O's are represented as 45 degree (1:1) slanting lines, going up for the X's and coming down for the O's. But for specific construction logics like Wyckoff, the Renko logic is 100% identical to PnF.

Once constructed, you can use moving averages, trend lines, support and resistances and other simple indicators as effectively or better (as there is noise removal) than normal time bar charts for trading.

Reply With Quote
 
  #504 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: NinjaTrader8
Broker/Data: Data = Rithmic -- Gives 70 Level II Data
Favorite Futures: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
 
Posts: 766 since May 2011
Thanks: 1,259 given, 498 received

Can U create a template for this


drakebauer View Post
They guy that wrote it did it for AmiBroker and this is all I could get but I am not a programmer

Point and figure uses box size and reversal box count.

In Kagi, the absolute increment or %age mimics the box size. The normal rule for reversal in Kagi is to use the same "box size" for reversal. Thats equivalent to a reversal box count of 1 for PnF. There is no reason, you cannot change the reversal logic to the same as PnF in Kagi.

As far as Renko is concerned, The vertical X's and O's are represented as 45 degree (1:1) slanting lines, going up for the X's and coming down for the O's. But for specific construction logics like Wyckoff, the Renko logic is 100% identical to PnF.

Once constructed, you can use moving averages, trend lines, support and resistances and other simple indicators as effectively or better (as there is noise removal) than normal time bar charts for trading.

@drakebauer, are you able to create what you are describing?

Reply With Quote
 
  #505 (permalink)
Elite Member
Ramey
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: None
Favorite Futures: ES, YM
 
Posts: 23 since Aug 2009
Thanks: 12 given, 5 received

Kagi combo

Futures Edge on FIO
Nope I can not create it.

Reply With Quote
 
  #506 (permalink)
Elite Member
Berlin
 
Futures Experience: None
Platform: NT7, MT5
Broker/Data: FXCM
Favorite Futures: FOREX / CFDs
 
Posts: 18 since Jun 2016
Thanks: 8 given, 10 received

I'm using UniRenko since a while and really like it.

I still got a little confusion I don't understand.

Two different computers, Laptop and PC. Both with NT7, both with UniRenko, both same Instrument and same data series settings, but the charts look completely different.

Both data series are set to T4R8O4, load 31 Days, use Default Instrument Settings. But yet different results.

PC: The whole day fits into a small space.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Laptop: I had to squeeze the chart to just fit in 4 hours.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


I have no idea where that difference comes from ... ?! I'd like to have it as seen on the laptop.

Reply With Quote
 
  #507 (permalink)
Elite Member
New York City, NY USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES, ER
 
Posts: 27 since May 2015
Thanks: 10 given, 28 received

Looks like your scaling is tighter on one than on the other

Hi Trading Noob,

Put your mouse cursor down around the time stamps on the bottom of the chart, just above the horizontal scroll bar, and drag the chart to adjust the horizontal scale.

hope that helps.

Reply With Quote
 
  #508 (permalink)
Elite Member
Berlin
 
Futures Experience: None
Platform: NT7, MT5
Broker/Data: FXCM
Favorite Futures: FOREX / CFDs
 
Posts: 18 since Jun 2016
Thanks: 8 given, 10 received

Hey angela,

unfortunately no. This only makes the bars bigger, but does not add "more data".
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



On the PC I will only achieve a similar output as on the laptop, when I set the UniRenko settings to T1R2O1:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


But why does the laptop with T4R8O4 produce a completely different chart than the PC with the exactly same settings?

Reply With Quote
 
  #509 (permalink)
Elite Member
Penetanguishene, Ontario, Canada
 
Futures Experience: None
Platform: platform
Favorite Futures: futures
 
Posts: 236 since Jun 2011
Thanks: 292 given, 634 received


Trading Noob View Post
Hey angela,

unfortunately no. This only makes the bars bigger, but does not add "more data".
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



On the PC I will only achieve a similar output as on the laptop, when I set the UniRenko settings to T1R2O1:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


But why does the laptop with T4R8O4 produce a completely different chart than the PC with the exactly same settings?

It might simply be the difference in the two monitors?

Check your desktop monitor resolution [might be 1920 x 1080 ]
against your laptop monitor resolution [might be 1366 x 768 ] or something similar.

Just by looking at your screenshots they look like different monitor resolutions.

Also check the indicators you have on the two charts to see if the "Auto Scale" option is consistent on all indicators on both computers. [you want to check that they are all set to either "True" or "False"]
The easiest way to ensure the same settings is to copy the chart template from one computer to the other and then "Load" the Template on the second chart.

The last thing to check is the "Chart Panel Properties" by right clicking in the right hand margin on the price scale.
See if both charts on the different computers have the same settings [see attached].

Good luck.
TGN

Attached Thumbnails
UniRenko, Universal Renko Bar Type-indicator-auto-scale-setting.png   UniRenko, Universal Renko Bar Type-chart-panel-properties.png  
Reply With Quote
The following user says Thank You to TopGunNote for this post:
 
  #510 (permalink)
Elite Member
Toronto
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: financial futures
 
profits's Avatar
 
Posts: 26 since Mar 2013
Thanks: 63 given, 31 received


Can you post the indicators that you are using? I think I may have an idea of why it is happening

“Everything is hard before it is easy”
~ Johann Wolfgang von Goethe
Reply With Quote

Reply



futures io > > > > UniRenko, Universal Renko Bar Type

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Market Dynamics w/Peter Davies @ Jigsaw Trading

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Better Renko Bar Size (vs. 5 min bar) TrendTraderBH Traders Hideout 5 December 9th, 2016 04:30 AM
Bar Counter For Line Break Bar Type Eagle01 NinjaTrader Programming 8 April 1st, 2012 11:29 PM
Wicked Renko custom bar type for NT7 aslan NinjaTrader Programming 25 March 10th, 2012 10:13 AM
End of bar strategies with advanced bar types (Renko, Range, Kagi, etc) RM99 Elite EasyLanguage Automated Trading 2 September 9th, 2011 08:38 AM
how to load Median renko and LineBreakwicked type bar kieuthu59 NinjaTrader 8 April 11th, 2011 02:56 PM


All times are GMT -4. The time now is 02:01 PM.

no new posts
Page generated 2017-03-28 in 0.14 seconds with 20 queries on phoenix via your IP 54.204.249.55