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Agree with above posts. All Renko and hybrid renko bar types (such as UniRenko) are based on a fixed price range per bar.
I suggest you try a volume bar type and apply Heiken Ashi candle type to it. It will look similar to a UniRenko but be based on volume per bar rather than the fixed price range of the bar.
Hello I use BetterRenko (20) since many years.
I would compare with your unirenko
I have trouble finding the right parameters (TT TR TO) to find the same points of reversions my old BetterRenko 20 (LC and GC)
Does someone can give me the parameters 20 BetterRenko equivalents (CL and GC) for Unirenko?
Thank you
Pierre
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
Posts: 1,394 since May 2011
Thanks Given: 1,719
Thanks Received: 1,019
@justtrader, I already have a custom UniRenko that I do not want to lose. Are you able to provide advice on how to add this bar type without wiping others?
I actually have:
Tick, Volume, Range, Second, minute, Day, week, month, year, Kagi, Pointandfigure, linebreak, mirrorbars, dtReversal. RangeNoGap and the custom UniRenko.
Please advise before I import this new Unirenko. Thank you.
Hi there, I was using RJAY's Renko Trial because Unirenko seemed to a bit inconsistent so i was curious about trying out BetterRenko but was unable to find a developer for it other than a 2010 post. Is that still the most recent version of BetterRenko?
