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


UniRenko, Universal Renko Bar Type
Started: by monpere Views / Replies:176,919 / 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

  #531 (permalink)
Elite Member
Penetanguishene, Ontario, Canada
 
Futures Experience: None
Platform: platform
Favorite Futures: futures
 
Posts: 236 since Jun 2011
Thanks: 291 given, 633 received

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.

Reply With Quote
The following user says Thank You to TopGunNote for this post:
 
  #532 (permalink)
Elite Member
Columbus, OH
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 30 since Sep 2011
Thanks: 217 given, 32 received


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.
Reply With Quote
The following 2 users say Thank You to dwt51 for this post:
 
  #533 (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


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.

Reply With Quote
The following 2 users say Thank You to Trading Noob for this post:
 
  #534 (permalink)
Elite Member
Prague/Czech Republic
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: M6B,MGC
 
Posts: 10 since Sep 2011
Thanks: 2 given, 0 received

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

Reply With Quote
 
  #535 (permalink)
Elite Member
Hammonton NJ
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NT Continuum
Favorite Futures: Indexes (Indices?)
 
Posts: 64 since Nov 2014
Thanks: 145 given, 35 received

Futures Edge on FIO

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.

Reply With Quote
 
  #536 (permalink)
Elite Member
Hammonton NJ
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NT Continuum
Favorite Futures: Indexes (Indices?)
 
Posts: 64 since Nov 2014
Thanks: 145 given, 35 received


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?

Reply With Quote
The following user says Thank You to gdstuart for this post:
 
  #537 (permalink)
Trading Apprentice
Delhi+India
 
Futures Experience: Beginner
Platform: Ninja Trader, Meta Trader
Favorite Futures: Crude CL
 
Posts: 1 since Jan 2016
Thanks: 4 given, 0 received


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.

Reply With Quote
 
  #538 (permalink)
Trading Apprentice
pune +india
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: zerodha,, truedata
Favorite Futures: nifty nse
 
Posts: 9 since Apr 2016
Thanks: 13 given, 0 received

What's the Meaning of open offset on unirenko bar ...
Can someone explain ...Please

Sent using the futures.io mobile app

Reply With Quote
 
  #539 (permalink)
Market Wizard
Parsippany+NJ/US
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Infinity Futures
Favorite Futures: NQ, CL
 
chipps1983's Avatar
 
Posts: 1,570 since Jan 2015
Thanks: 3,424 given, 2,156 received
Forum Reputation: Legendary


debesh8888 View Post
What's the Meaning of open offset on unirenko bar ...
Can someone explain ...Please

Sent using the futures.io mobile app

Watch this video. Very well explained.


-------
Chipps
The First Aim Is "Survival"
Second is "Consistency"
My method - https://futures.io/elite-trading-journals/41110-hindsight-analysis.html
Reply With Quote
The following 4 users say Thank You to chipps1983 for this post:
 
  #540 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 66 since Oct 2011
Thanks: 1,194 given, 109 received

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.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Screenshot 2
The renko's are displayed as lines (this is renko, so no tails)
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Thanks in advance

Reply With Quote
The following user says Thank You to WOW CO for this post:

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)
 

Mastering Trading Pysychology w/Brett Steenbarger & Trading Technologies

Elite only

PTMC Protrader Platform First Look w/Sergey Sokolov

Elite only

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 08:24 AM.

no new posts
Page generated 2017-03-24 in 0.14 seconds with 21 queries on phoenix via your IP 54.204.252.37