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

  #81 (permalink)
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Big Mike View Post
@MWinfrey, a reminder this thread is not Elite, your attachment says "futures.io (formerly BMT) Elite" so wasn't sure if you realized this.

Mike

No I did not...never even occurred to me to check. Big Duh...I'll rename it in the morning and repost...

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  #82 (permalink)
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I renamed the SMA indicator that I posted yesterday. No change in content, just a rename.

https://futures.io/ninjatrader/24408-unirenko-universal-renko-bar-type-8.html#post293858

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  #83 (permalink)
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Fixed a bug in the indicator...

https://futures.io/ninjatrader/24408-unirenko-universal-renko-bar-type-8.html#post293858

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  #84 (permalink)
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monpere View Post
In this thread, I am posting my Universal Renko bar type implementation.

Like most of the other advanced Renko bar types, the UniRenko bar open is artificial, so I consider it aesthetic only, and I do not use it in the bar size calculation. The bar calculations are based on the previous bar close. The tails on the bar show real prices.


Just checking out this bar type a little more. I think everyone here already realizes how it works.
It seems that having the Open Offset set at 1 gives the most accurate chart.

- Stephen

Attached Thumbnails
UniRenko, Universal Renko Bar Type-unirenko-1.png   UniRenko, Universal Renko Bar Type-unirenko-4.png   UniRenko, Universal Renko Bar Type-unirenko-6.png  
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  #85 (permalink)
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Tradestation UniRenko programming

Is it possible to program for Tradestation -->>

Programmed UniRenko bars into easy language?


Last edited by traderxman; January 22nd, 2013 at 09:41 PM.
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  #86 (permalink)
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Multiple timeframe help

@monpere Really like you bar type and I am trying to use it an indicator that is multi timframe indicator. Can this bar type be used in a BarsArray style. I am running into an issue added it to the MTF indicator and am seeking some help

That bar type is Custom6 in my configuration

I have tried some of the following combinations

Add(PeriodType.Custom6, 4,2,12 );
or
Add(PeriodType.Custom6, T2R12O4 );

Thanks in advance.

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  #87 (permalink)
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revtrader View Post
@monpere Really like you bar type and I am trying to use it an indicator that is multi timframe indicator. Can this bar type be used in a BarsArray style. I am running into an issue added it to the MTF indicator and am seeking some help

That bar type is Custom6 in my configuration

I have tried some of the following combinations

Add(PeriodType.Custom6, 4,2,12 );
or
Add(PeriodType.Custom6, T2R12O4 );

Thanks in advance.

Because the NT Add() method accepts one integer argument for the bar period, the additional user parameters necessary to customize the bar cannot be specified. Currently you can specify the Trend parameter as the 2nd argument in the Add() method, but the Reversal and Open parameters will be defaulted.

If/When I get some time this week, I will add some code to allow specifying all the bar parameters in one argument, so that the bar data can be fully specified in the Add() method.

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  #88 (permalink)
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There is a post in NinjaTrader forum to add custom bar type to MTF indicator/strategy

Select/Add renko/custom time frame to strategy - NinjaTrader Support Forum


revtrader View Post
@monpere Really like you bar type and I am trying to use it an indicator that is multi timframe indicator. Can this bar type be used in a BarsArray style. I am running into an issue added it to the MTF indicator and am seeking some help

That bar type is Custom6 in my configuration

I have tried some of the following combinations

Add(PeriodType.Custom6, 4,2,12 );
or
Add(PeriodType.Custom6, T2R12O4 );

Thanks in advance.


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The following user says Thank You to decs0057 for this post:
 
  #89 (permalink)
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revtrader View Post
@monpere Really like you bar type and I am trying to use it an indicator that is multi timframe indicator. Can this bar type be used in a BarsArray style. I am running into an issue added it to the MTF indicator and am seeking some help

That bar type is Custom6 in my configuration

I have tried some of the following combinations

Add(PeriodType.Custom6, 4,2,12 );
or
Add(PeriodType.Custom6, T2R12O4 );

Thanks in advance.



monpere View Post
Because the NT Add() method accepts one integer argument for the bar period, the additional user parameters necessary to customize the bar cannot be specified. Currently you can specify the Trend parameter as the 2nd argument in the Add() method, but the Reversal and Open parameters will be defaulted.

If/When I get some time this week, I will add some code to allow specifying all the bar parameters in one argument, so that the bar data can be fully specified in the Add() method.


To support Muti TimeFrame indicators/strategies using the Add() method, added an alternative way to specify all bar specs in the 'Tick Trend' parameter. You can now alternatively specify each parameter as 3 digits in the Data Series window 'Tick Trend' parameter or Add() method 'Period' parameter. For example to specify TickTrend=4 , TickReversal=8, OpenOffset=2 or (T4R8O2) then specify: 'Tick Trend'=004008002 in Data Series window, or Add(PeriodType.custom5, 004008002);' in your MTF code. The normal way of specifying the parameters will still work as well.

https://futures.io/download/ninjatrader-7/indicators/1304-download.html?view

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  #90 (permalink)
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I saw eailier an indicator that would allow you to be notified when the unirenko goes from red to green or green to red and can not find it now thanks alot for your help I like the way your unirenko bars look so far thanks alot

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