NexusFi: Find Your Edge


Home Menu

 





UniRenko, Universal Renko Bar Type


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one MWinfrey with 27 posts (120 thanks)
    2. looks_two Tasker_182 with 27 posts (83 thanks)
    3. looks_3 jmcg618 with 21 posts (2 thanks)
    4. looks_4 Big Mike with 20 posts (54 thanks)
      Best Posters
    1. looks_one monpere with 33.4 thanks per post
    2. looks_two dstrader with 8 thanks per post
    3. looks_3 MWinfrey with 4.4 thanks per post
    4. looks_4 Tasker_182 with 3.1 thanks per post
    1. trending_up 426,484 views
    2. thumb_up 1,698 thanks given
    3. group 227 followers
    1. forum 695 posts
    2. attach_file 122 attachments




 
Search this Thread

UniRenko, Universal Renko Bar Type

  #391 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010

@ycomp

flexrenko allows it too
you can pick reversal bar length

try settings
2-1-0
3-2-0
4-3-0
5-4-0

till you like what you see

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Exit Strategy
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #392 (permalink)
ycomp
Europe-ish
 
Posts: 177 since Sep 2013
Thanks Given: 12
Thanks Received: 58


lemons View Post
@ycomp

flexrenko allows it too
you can pick reversal bar length

try settings
2-1-0
3-2-0
4-3-0
5-4-0

till you like what you see

ok, cool - thanks

Reply With Quote
  #393 (permalink)
 
kronie's Avatar
 kronie 
NYC + NY / USA
 
Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 796 since Oct 2009



monpere View Post
A number of people have asked for this, so I wrote an indicator to mark the projected bar closes:


@monpere

thanks for your contributions....

what has become of you?,

skype?,
trading forum?
still at it?

anyways,
the water is just volatile, come on in!

Reply With Quote
  #394 (permalink)
 jsengxx2 
Portugal, Viana do Castelo
 
Experience: Intermediate
Platform: ninjatrader
Trading: 6e
Posts: 345 since Sep 2011

Hello,

Is there a way we can change the uni renko bar type so that we could ad a 3 color so we can see when price got to the oposite site of the bar without forming a WICK on it?

For example yellow, if price goes to the oposite side of the bar and it does not form a wick that bar is going to be yellow so we know that price touched the oposite site of the candle.

Reply With Quote
  #395 (permalink)
 Ricky H 
Raleigh, NC USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
Posts: 8 since Oct 2014
Thanks Given: 2
Thanks Received: 9

First of all, Thank You goes out to everyone for all the hard work in developing and sharing the Uni-Renko bar type, along with its complementry indicators. I have played around with settings on the "Uni-Renko bar close" indicator in an attempt to make it function much like the "tick counter" does on tick charts. I'm trying to get the current price displayed beside the bar, which will float with price action. Is there a way to accomplish this with the uni-renko bar close indicator, or any other indicator compatable with the uni-renko bar type? Thanks again!

Reply With Quote
Thanked by:
  #396 (permalink)
 urocktwo 
Glendale AZ USA
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures
Posts: 4 since Jul 2012
Thanks Given: 44
Thanks Received: 2


Ricky H View Post
First of all, Thank You goes out to everyone for all the hard work in developing and sharing the Uni-Renko bar type, along with its complementry indicators. I have played around with settings on the "Uni-Renko bar close" indicator in an attempt to make it function much like the "tick counter" does on tick charts. I'm trying to get the current price displayed beside the bar, which will float with price action. Is there a way to accomplish this with the uni-renko bar close indicator, or any other indicator compatable with the uni-renko bar type? Thanks again!

The Price Line Indicator will draw a line across your chart. If the line doesn't show up, it is because the line is the same color as your chart's background color. Check it out here:

Trading Is A Journey, Not A Destination
Reply With Quote
Thanked by:
  #397 (permalink)
 Ricky H 
Raleigh, NC USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
Posts: 8 since Oct 2014
Thanks Given: 2
Thanks Received: 9

Thanks for the quick reply urocktwo. The price line indicator is another great indicator, but what I'm looking for is just the current price displayed in the same format as the uni-rnko bar close, (less all the extra 000000 if possible). I already use the priceline indy on my GOM charts, but I relly wanted t avoid an Hline going all the way across my uni-renko chart. I just want the current price displayed to the right of the current bar, that will float with changing prices. In fact, if there was a way to drag and drop the "current price label" from the price axsis panel to the chart, that would be great too.
Thanks again, urocktwo......

Reply With Quote
  #398 (permalink)
 jlwade123   is a Vendor
 
Posts: 929 since Oct 2012
Thanks Given: 684
Thanks Received: 897


Ricky H View Post
Is there a way to accomplish this with the uni-renko bar close indicator, or any other indicator compatable with the uni-renko bar type? Thanks again!

I use the UniRenkoBarClosev2

Follow me on Twitter Reply With Quote
Thanked by:
  #399 (permalink)
 urocktwo 
Glendale AZ USA
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures
Posts: 4 since Jul 2012
Thanks Given: 44
Thanks Received: 2


Ricky H View Post
Thanks for the quick reply urocktwo. The price line indicator is another great indicator, but what I'm looking for is just the current price displayed in the same format as the uni-rnko bar close, (less all the extra 000000 if possible). I already use the priceline indy on my GOM charts, but I relly wanted t avoid an Hline going all the way across my uni-renko chart. I just want the current price displayed to the right of the current bar, that will float with changing prices. In fact, if there was a way to drag and drop the "current price label" from the price axsis panel to the chart, that would be great too.
Thanks again, urocktwo......

You can shorten that line by setting "Use Line or Ray" to False but the price will still be in the margin. If you haven't seen anything like that at the Ninja indicators section, search this thread and if no luck ask to have it made it up for you:

Trading Is A Journey, Not A Destination
Reply With Quote
Thanked by:
  #400 (permalink)
 
justtrader's Avatar
 justtrader 
San Francisco, CA
 
Experience: Intermediate
Platform: Ninja Trader, TOS
Trading: es, rty, cl, gc, nq, ym
Posts: 182 since May 2011
Thanks Given: 104
Thanks Received: 173


@Ricky H: "... but I relly wanted t avoid an Hline going all the way across my uni-renko chart. "

There is actually value in having a Horizontal Line. You can easily see prior support and resistance areas. But, since you insist, I made some changes to UniRenkoBarCloses which hopefully will do what you want. See attached jprUniRenkoBarClosesV2.zip.

Attached Files
Elite Membership required to download: jprUniRenkoBarClosesV2.zip
Reply With Quote




Last Updated on April 3, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts