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

  #531 (permalink)
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Good catch


dwt51 View Post
Unirenko's are just a form of range bar. Set them aside for a moment and compare the two charts using Ninja's stock range bar type. Still different?

If so, then I submit that you have different Tick size settings for EURUSD in the Instrument manager of the two PC's.

Also, have you run this experiment on other symbols than just EURUSD?

Hope this helps.

dwt51


Well done @dwt51, I hadn't noticed it was 6E he was looking at.
You may well be correct in reminding @Trading Noob that the tick size changed for the 6E [Euro/US$] to 0.00005 some months back. It is quite possible that he has the old setting of 0.0001 on one of his machines and not the new size.
Hopefully @Trading Noob gets his issue sorted out.
Good catch.

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  #532 (permalink)
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TopGunNote View Post
Well done @dwt51, I hadn't noticed it was 6E he was looking at.
You may well be correct in reminding @Trading Noob that the tick size changed for the 6E [Euro/US$] to 0.00005 some months back. It is quite possible that he has the old setting of 0.0001 on one of his machines and not the new size.
Hopefully @Trading Noob gets his issue sorted out.
Good catch.

Per the charts, @Trading Noob is looking at spot forex $EURUSD, not futures 6E. That said, different tick size settings between the two PC's (for the Instrument Manager setting of that particular FX pair or in Ninja's Tools > Options > Data > "Quote currencies (FX) in" setting for all FX pairs) could still be the culprit.

dwt51


Last edited by dwt51; August 30th, 2016 at 05:51 AM.
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  #533 (permalink)
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Sorry for my late response. Been on holidays the last days and just returned.

Thanks @dwt51 and @TopGunNote.

It really was that "Quote currencies (FX) in: [...]" setting. On the laptop it was set to "Thenth Pip", on PC it was set to "Pip". Hence the difference.

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  #534 (permalink)
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Hello,

I am using unirenko charts and I am looking for indicator NT8 which will plot value 1 or 0 when reversal bar occurs. E.g. trend is set to 5, offset to 9 and reversal 19 ticks. So if there is bar with 24 ticks indicator will plot value 1 otherwise 0.

Anybody have such indicator?

Thank you in advance

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  #535 (permalink)
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harcesis View Post
Hello,

I am using unirenko charts and I am looking for indicator NT8 which will plot value 1 or 0 when reversal bar occurs. E.g. trend is set to 5, offset to 9 and reversal 19 ticks. So if there is bar with 24 ticks indicator will plot value 1 otherwise 0.

Anybody have such indicator?

Thank you in advance

Have you looked at SharkIndicators Bloodhound? They have "solvers" that do just that. You would use their "Indicator Inflection solver". I'm new to Bloodhound, just learning, but it's much easier for me to use than NT strategies. Price is very reasonable too and they have an NT8 version in development.

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  #536 (permalink)
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michaelleemoore View Post
really depends on the market you trade and time frame you want to trade under. I use unirenko set to 2,2 and 6, but I am a short term trader looking for reversals.

I'm also new to UniRenko. Can we get a discussion started on a methodology, other than trial and error, to derive effective settings? These would vary per instrument and possibly even by day, depending on volatility. But coming up with some sort of logical process would be helpful. Any ideas? Should this be a separate thread?

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  #537 (permalink)
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gdstuart View Post
I'm also new to UniRenko. Can we get a discussion started on a methodology, other than trial and error, to derive effective settings? These would vary per instrument and possibly even by day, depending on volatility. But coming up with some sort of logical process would be helpful. Any ideas? Should this be a separate thread?

Yeah , I too feel the same. I am also new to UniRenko & want to start with some clues. Never used Renko bars before so having sort of tough time solving the equation with these bars. Also what kind of indicators will be helpful to time the entries and exits is a big query for me as of now. The thread is moving slow so does it suggest that these bars are not being very frequently used by experts ? Bit of confusion in my stride towards embracing these bars needs to be cleared.

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  #538 (permalink)
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What's the Meaning of open offset on unirenko bar ...
Can someone explain ...Please

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  #539 (permalink)
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debesh8888 View Post
What's the Meaning of open offset on unirenko bar ...
Can someone explain ...Please

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Watch this video. Very well explained.


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  #540 (permalink)
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Overlaying renko or unirenko on time based chart


Overlaying renko or unirenko on time based chart

Hi,
Has anyone seen an indi that will overlay a renko or unirenko on a time based chart for NT7 ??

It is something along the lines of either of the below screenshots

Screenshot 1 – from https://futures.io/traders-hideout/191-renko.html#post257359
In this one the renkos obscure the time based chart, ideally the renko should be lines like the second picture, or lines. The bars are kase bars with the renko's overlaying the kase bars.

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Screenshot 2
The renko's are displayed as lines (this is renko, so no tails)
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Thanks in advance

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