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 430,631 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

  #441 (permalink)
 Tom1213 
Paterson, New Jersey usa
 
Experience: Beginner
Platform: Ninjatrader
Trading: YM, NQ,CL
Posts: 2 since Dec 2014
Thanks Given: 33
Thanks Received: 1

Does anyone happen to know of any indicators that will show target's of when a unirenko bar will close (or create a new one) ?

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
How to apply profiles
Traders Hideout
MC PL editor upgrade
MultiCharts
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Better Renko Gaps
The Elite Circle
Trade idea based off three indicators.
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
34 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
18 thanks
GFIs1 1 DAX trade per day journal
16 thanks
Vinny E-Mini & Algobox Review TRADE ROOM
13 thanks
  #442 (permalink)
 Abde 
Stuttgart / Germany
 
Experience: Intermediate
Platform: FlatTrader
Broker: GFT and Interactive Brokers
Trading: ES, DAX
Frequency: Every few days
Duration: Days
Posts: 533 since Aug 2010
Thanks Given: 2,141
Thanks Received: 729


Tom1213 View Post
Does anyone happen to know of any indicators that will show target's of when a unirenko bar will close (or create a new one) ?

Sure, the UniRenkoBarCloses indicator which is in the download section. Have a look here:

Reply With Quote
Thanked by:
  #443 (permalink)
 
justtrader's Avatar
 justtrader 
San Francisco, CA
 
Experience: Intermediate
Platform: Ninja Trader, TOS
Trading: es, rty, cl, gc, nq, ym
Posts: 183 since May 2011
Thanks Given: 104
Thanks Received: 173



Abde View Post
Sure, the UniRenkoBarCloses indicator which is in the download section. Have a look here:

I did some enhancements to this indicator. See post 400.

Reply With Quote
Thanked by:
  #444 (permalink)
 biegea 
Washington, DC
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL
Posts: 8 since Jun 2011
Thanks Given: 5
Thanks Received: 4


Erez View Post
You are right, I also notice that, it doesn't occurs much and when it does, its only one tick deviation(at least what I found till now)

I have spent some limited time to try to find the cause without success.
It's not one of my major TF.

I have been reading this thread from the beginning to see if this has been called out before. It appears to be the case that one-tick discrepancies occur when there is only a single 1-contract print of a new price. So if oil is going up and was at 60.51, then the tape shows a single contract at 60.52 and then reverses, the Unirenko will show 60.51 as the high.

Have others noticed this? Is there a fix for it? (If it is raised in the most recent 10 pages or so of the thread, then hopefully I will have my own answer for it shortly.)

Thanks in advance to all in the forum from whom I have silently learned for multiple years.
Regards,
biegea

Reply With Quote
  #445 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,175
Thanks Received: 6,020


biegea View Post
I have been reading this thread from the beginning to see if this has been called out before. It appears to be the case that one-tick discrepancies occur when there is only a single 1-contract print of a new price. So if oil is going up and was at 60.51, then the tape shows a single contract at 60.52 and then reverses, the Unirenko will show 60.51 as the high.

Have others noticed this? Is there a fix for it? (If it is raised in the most recent 10 pages or so of the thread, then hopefully I will have my own answer for it shortly.)

Thanks in advance to all in the forum from whom I have silently learned for multiple years.
Regards,
biegea

I did not know what was the cause but the bug is still there. There is a futures.io (formerly BMT) member named Ray who has developed a paying version which is bug free.

Reply With Quote
Thanked by:
  #446 (permalink)
 
justtrader's Avatar
 justtrader 
San Francisco, CA
 
Experience: Intermediate
Platform: Ninja Trader, TOS
Trading: es, rty, cl, gc, nq, ym
Posts: 183 since May 2011
Thanks Given: 104
Thanks Received: 173


trendisyourfriend View Post
I did not know what was the cause but the bug is still there. There is a futures.io (formerly BMT) member named Ray who has developed a paying version which is bug free.

Too bad Ray took advantage of futures.io (formerly BMT) and did not give back a bit to the futures.io (formerly BMT) community.

Reply With Quote
  #447 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


justtrader View Post
Too bad Ray took advantage of futures.io (formerly BMT) and did not give back a bit to the futures.io (formerly BMT) community.

RJay gave a bit ... RangeNoGap chart style.

Lolu

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #448 (permalink)
 
TheWizard's Avatar
 TheWizard 
Houston, TX
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus Futures, AMP, CQG
Trading: 6E
Posts: 1,731 since Jun 2009
Thanks Given: 517
Thanks Received: 4,224

Who is this "Ray" you two speak of. Do you mean @RJay? If so, Rjay gave back for years until he became a vendor and then had to abide by the BigMike's Trading Forum vendor rules and regulations. If it's someone else you are speaking of, I apologize for jumping in and commenting on this

After all, it's what you learn AFTER you know it all, that counts!
Reply With Quote
Thanked by:
  #449 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,175
Thanks Received: 6,020


TheWizard View Post
Who is this "Ray" you two speak of. Do you mean @RJay? If so, Rjay gave back for years until he became a vendor and then had to abide by the BigMike's Trading Forum vendor rules and regulations. If it's someone else you are speaking of, I apologize for jumping in and commenting on this

Yes that's the guy i was referring to.

Reply With Quote
Thanked by:
  #450 (permalink)
 
RJay's Avatar
 RJay 
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
Posts: 683 since Jun 2009
Thanks Given: 758
Thanks Received: 787



trendisyourfriend View Post
Yes that's the guy i was referring to.

Dear trendisyourfriend,

I was one of the original 20 members to this web site when Mike launched in June, 2009.

Before I became a vender, If you look in the download areas, you will find I use to share all my research for over 2 years with everyone here on futures.io (formerly BMT).

Also, I am the original inventor/creator of the Renko bar overlap concept. All others are copycats.

My chart products were available on my web site years before someone made a look alike of my original concept here on futures.io (formerly BMT) and called it UniRenko.

Other venders have helped themselves to UniRenko and sell it under their own label. I am not one of them.

Hope this clears things up for you and other newer members to futures.io (formerly BMT).

RJay

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