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Renko
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Renko

  #21 (permalink)
Elite Member
london uk
 
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RJay

regarding the image you posted on this port, can you "really" trade "any" of the chart. I find renkos to be impossible to trade, and you tend to lose money VERY quick. I've backtested renkos, and I was getting TONS of money, in the real world, I was losing ALOT of money.

Thanks

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  #22 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
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tellytub View Post
RJay

regarding the image you posted on this port, can you "really" trade "any" of the chart. I find renkos to be impossible to trade, and you tend to lose money VERY quick. I've backtested renkos, and I was getting TONS of money, in the real world, I was losing ALOT of money.

Thanks

tellytub,

I agree with you 100 percent. Renko looks good but performs like crap.

RenkoLive updates with every tick, not just at bar close. Same with PointO.

If I change what I don't like about Classic Renko, Maybe I could make it profitable.

RJay

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  #23 (permalink)
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tellytub View Post
I find renkos to be impossible to trade, and you tend to lose money VERY quick. I've backtested renkos, and I was getting TONS of money, in the real world, I was losing ALOT of money.

what were you doing differently in backtest vs. live? maybe your backtest was flawed in some other way or was flawed by ninja's own limitations because renko can be quite useful.

"Let us be thankful for the fools. But for them the rest of us could not succeed." - Mark Twain

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  #24 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
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Here's my latest update on my RenkoLive project.

While some issues did get resolved, Others presented themselves.

With the output screen not available for CS files in the type directory, It is virtually impossible to continue development.

NT says they are suppose to have their own working version in 7.

Keep your fingers crossed.

Anyway, I am posting my final work in process for your entertainment.

RJay

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Renko-renkolivelatest.jpg  
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  #25 (permalink)
 Vendor: www.tradingstudies.com 
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RJay View Post
Here's my latest update on my RenkoLive project.

While some issues did get resolved, Others presented themselves.

With the output screen not available for CS files in the type directory, It is virtually impossible to continue development.

NT says they are suppose to have their own working version in 7.

Keep your fingers crossed.

Anyway, I am posting my final work in process for your entertainment.

RJay

RJay,

Maybe attached will help you out

Edit: removed due to errors found...


Last edited by roonius; August 16th, 2009 at 01:51 PM.
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The following user says Thank You to roonius for this post:
 
  #26 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
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Hi Roonius,

Thanks for the code. I have already built a couple of charts featuring overlapping bars.

I was trying to find a way to create bars that did not overlap and still update in real time.

I solved the chop problem by definining each bar as it completes as either an up bar or a down bar. The next bar meets criteria to complete as an up or down following either an up or down bar.

Four scenarios instead of the usual two.

I'm putting this project down for a while. NT claims 7 will have the answer.

I have many other projects waiting for my attention.

Good Luck to You,

RJay

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  #27 (permalink)
 Vendor: www.tradingstudies.com 
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RJay View Post
Hi Roonius,

Thanks for the code. I have already built a couple of charts featuring overlapping bars.

I was trying to find a way to create bars that did not overlap and still update in real time.

I solved the chop problem by definining each bar as it completes as either an up bar or a down bar. The next bar meets criteria to complete as an up or down following either an up or down bar.

Four scenarios instead of the usual two.

I'm putting this project down for a while. NT claims 7 will have the answer.

I have many other projects waiting for my attention.

Good Luck to You,

RJay

You can't make "not overlaping" bars which are updating in real time.
The reason is very simple: current NT will not allow you to change bar's open high or low.
Once you add a new bar with open price, you can't change that open price. Period.
Similar with High and Low. You can't change existing bar with lower high or higher low.

I don't think NT7 will be different. I want to be wrong...

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  #28 (permalink)
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Can you create your own DataSeries instead of using the OHLC bars in ninja?

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  #29 (permalink)
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Big Mike View Post
Can you create your own DataSeries instead of using the OHLC bars in ninja?

Mike

Could you be more specific?

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  #30 (permalink)
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I think he means store the values in dataseries rather than in Bars object temporarily. That won't work because dataseries has to get its values from somewhere.. Close[0], etc are all properties of the Bars object

BTW Roonius, Thanks for MedianRenko. I like it better than original Renko bars =)

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