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UniRenko, Universal Renko Bar Type


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UniRenko, Universal Renko Bar Type

  #61 (permalink)
 
nillz123's Avatar
 nillz123 
Ocala, FL
 
Experience: Intermediate
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Trading: Crude, Euro, ES
Posts: 44 since Aug 2010
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This bar type is absolutely phenomenal and deserves an award from the forum. Thank You!

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  #62 (permalink)
 davidepalmer01 
Duluth GA USA
 
Experience: Intermediate
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I agree that the UniRenko Bar is fantastic. We have started using it to scalp with the settings of 1/1/4 instead of the std settings with great results. Very clear reversals, trend change and clarity. I think that it deserves a BM Award as well. Thx for sharing it with us.
David Palmer

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  #63 (permalink)
 
trs3042's Avatar
 trs3042 
Holland, Michigan
 
Experience: None
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davidepalmer01 View Post
I agree that the UniRenko Bar is fantastic. We have started using it to scalp with the settings of 1/1/4 instead of the std settings with great results. Very clear reversals, trend change and clarity. I think that it deserves a BM Award as well. Thx for sharing it with us.
David Palmer

@davidepalmer01

Just started looking at this bar type. Curious about what market(s) your scalping with those settings and if your using indicators or just price action.


Thank you,

Rick

"If you're going to panic during a trade............. panic early."
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  #64 (permalink)
shanemcdonald28
new york
 
Posts: 355 since Mar 2012
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davidepalmer01 View Post
I agree that the UniRenko Bar is fantastic. We have started using it to scalp with the settings of 1/1/4 instead of the std settings with great results. Very clear reversals, trend change and clarity. I think that it deserves a BM Award as well. Thx for sharing it with us.
David Palmer

hi
I also find that ratio works very well on unirenko
I am using 4/4/8 and 4/4/16 with great success on swing trades. Momentum oscillators like MACD work well on that setting for oil.
For gold, 2/2/8 is nice too.

I agree about the 1/1/4 ratio for clarity.

shane

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  #65 (permalink)
 rickr 
Waynesville, NC USA
 
Experience: Intermediate
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monpere View Post
A number of people have asked for this, so I wrote an indicator to mark the projected bar closes:


@monpere,

Would it be possible to add an audio alert to this indy ? When ever a new bar forms it would Ping ?

You bar type has really made a difference in my bottom line . . . thx for your contribution . . .

rickr
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  #66 (permalink)
 
kman's Avatar
 kman 
victor ny
 
Experience: Intermediate
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Ive imported the indicator but cant seem to find it. Any ideas?

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  #67 (permalink)
 
philipp's Avatar
 philipp 
zürich/ switzerland
 
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rickr View Post
@monpere,

Would it be possible to add an audio alert to this indy ? When ever a new bar forms it would Ping ?

You bar type has really made a difference in my bottom line . . . thx for your contribution . . .

may this is what youre looking for

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Elite Membership required to download: NewBarAlert.cs
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  #68 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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kman View Post
Ive imported the indicator but cant seem to find it. Any ideas?

It is a bar type, it won't show up on indicator list but rather the dataseries type. You might need to exit and restart Ninja.

Mike

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  #69 (permalink)
 
kman's Avatar
 kman 
victor ny
 
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Thanks Mike. I thought of that and its not there either, Going to try and import again

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  #70 (permalink)
 
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 tellytub 
london uk
 
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shanemcdonald28 View Post
hi
I also find that ratio works very well on unirenko
I am using 4/4/8 and 4/4/16 with great success on swing trades. Momentum oscillators like MACD work well on that setting for oil.
For gold, 2/2/8 is nice too.

I agree about the 1/1/4 ratio for clarity.

shane

am I correct in saying the open of the next bar isn't the real open?

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