Renko Bars

[edsfreedom]

Hi astra,

Unfortunately I could not figure out how Roonius added a PeriodType.Renko. I tried to add a PeriodType but cannot. Maybe PeriodType has Renko hidden somewhere... Any PeriodType I used gets replaced like PeriodType.Tick, so I'll just leave it at PeroidType.Renko.

Hi Wuolong,

I didn't realize I needed to export, and then change the folder from indicator to type. So the file accidently went to the custom/indicator folder instead. I have uploaded a new archive file, please re-import using the steps below.

Please delete edsrenko.cs from the custom/indicator folder, and perhaps in the custom/type folder. Then open any indicator and press F5, then reimport the new archive file.

To remove, go to:
My Documents\NinjaTrader 6.5\bin\Custom\Type
then delete EdsRenko.cs, then go open (edit) any indicator, and press F5 to recompile. Last, restart ninjatrader and it should be removed.

[wuolong]

Yes, I got it this time. Thank you very much, edsfreedom!

[stephenszpak]

Unfortunately I could not figure out how Roonius added a PeriodType.Renko. I tried to add a PeriodType but cannot.

************************************************** *************
I have some code here. I think it is from roonius, if you want me to post it?

[edsfreedom]

Unfortunately I could not figure out how Roonius added a PeriodType.Renko. I tried to add a PeriodType but cannot.

************************************************** *************
I have some code here. I think it is from roonius, if you want me to post it?

Hi stephenszpak, if you have something, please do. However, I dived into Renko.cs from Roonius, and MyRenko.cs from NewShues and cannot find anything in the code that creates a new base PeriodType. My guess is that PeriodType.Renko was a ninja stealthed original base, or that somehow some other file/process created that base.

If anyone wants both Renko, and EdsRenko to work together, than a workaround is to replace another PeriodType that you don't use:
1. Edit EdsRenko.cs, search for PeriodType.Renko, and replace it with something like PeriodType.Tick, PeriodType.Volume, or PeriodType.Range. You will lose that type of chart though.
2. Open (Edit) any indicator and press F5 to compile (recompiles everything)
3. Restart NinjaTrader

[stephenszpak]

This is what I have. I can't make heads ner tails of it.
================================================== ======

//
// Copyright (C) 2006, NinjaTrader LLC <[email protected]>.
//
#region Using declarations
using System;
using System.Collections;
using System.Text;
#endregion

// This namespace holds all bars types. Do not change it.
namespace NinjaTrader.Data
{


/// <summary>
/// </summary>
public class RenkoBarsType : BarsType
{
private static bool registered = Data.BarsType.Register(new RenkoBarsType());

/// <summary>
/// </summary>
/// <param name="bars"></param>
/// <param name="open"></param>
/// <param name="high"></param>
/// <param name="low"></param>
/// <param name="close"></param>
/// <param name="time"></param>
/// <param name="volume"></param>
/// <param name="isRealtime"></param>
public override void Add(Data.Bars bars, double open, double high, double low, double close, DateTime time, int volume, bool isRealtime)
{
if (bars.Count == 0)
AddBar(bars, open, high, low, close, time, volume);
else
{
Data.Bar bar = (Bar) bars.Get(bars.Count - 1);
double tickSize = bars.Instrument.MasterInstrument.TickSize;
double rangeValue = Math.Floor(10000000.0 * (double) bars.Period.Value * tickSize) / 10000000.0;

if (bars.Instrument.MasterInstrument.Compare(close, bar.High + rangeValue) >= 0)
{
bool isFirstNewBar = true;
double newBarOpen = bar.High;
double newClose = bar.High + rangeValue;

UpdateBar(bars, bar.Open, bar.High, bar.Low, bar.Close, time, 0);

do
{
AddBar(bars, newBarOpen, newClose, newBarOpen, newClose, time, isFirstNewBar ? volume : 0);
// UpdateBar(bars, newBarOpen, newClose, newBarOpen, newClose, time, isFirstNewBar ? volume : 0);
newBarOpen = newClose;
newClose += rangeValue;
isFirstNewBar = false;
}
while (bars.Instrument.MasterInstrument.Compare(close, newClose) >= 0);
}
else
if (bars.Instrument.MasterInstrument.Compare(bar.Low - rangeValue, close) >= 0)
{
bool isFirstNewBar = true;
double newClose = bar.Low - rangeValue;
double newBarOpen = bar.Low;
// if (open == bar.Low) UpdateBar(bars, bar.Low, bar.Low + rangeValue, bar.Low, bar.Low + rangeValue, time, 0);
UpdateBar(bars, bar.Open, bar.High, bar.Low, bar.Close, time, 0);

do
{
newClose = newBarOpen - rangeValue;
AddBar(bars, newBarOpen, newBarOpen, newClose, newClose, time, isFirstNewBar ? volume : 0);
newBarOpen = newClose;
newClose -= rangeValue;
isFirstNewBar = false;
}
while (bars.Instrument.MasterInstrument.Compare(newClose , close) >= 0);
}
else
{
UpdateBar(bars, bar.Open, bar.High, bar.Low, bar.Close, time, volume);
}
}
}

/// <summary>
/// </summary>
public override PeriodType BuiltFrom
{
get { return PeriodType.Tick; }
}

/// <summary>
/// </summary>
/// <param name="time"></param>
/// <returns></returns>
public override string ChartDataBoxDate(DateTime time)
{
return time.ToString(Cbi.Globals.CurrentCulture.DateTimeF ormat.ShortDatePattern);
}

/// <summary>
/// </summary>
/// <param name="chartControl"></param>
/// <param name="time"></param>
/// <returns></returns>
public override string ChartLabel(NinjaTrader.Gui.Chart.ChartControl chartControl, DateTime time)
{
return time.ToString(chartControl.LabelFormatTick, Cbi.Globals.CurrentCulture);
}

/// <summary>
/// </summary>
/// <returns></returns>
public override object Clone()
{
return new RenkoBarsType();
}

/// <summary>
/// </summary>
public override int DaysBack
{
get { return Gui.Chart.ChartData.DaysBackTick; }
}

/// <summary>
/// </summary>
public override int DefaultValue
{
get { return 4; }
}

/// <summary>
/// </summary>
public override string DisplayName
{
get { return PeriodType.ToString(); }
}

/// <summary>
/// </summary>
public override bool IsIntraday
{
get { return true; }
}

/// <summary>
/// </summary>
public override bool IsTimeBased
{
get { return false; }
}

/// <summary>
/// </summary>
public override int MaxLookBackDays
{
get { return 10;}
}

/// <summary>
/// </summary>
public override int MaxValue
{
get { return -1; }
}

/// <summary>
/// </summary>
public override double GetPercentComplete(Data.Bars bars, DateTime now)
{
throw new ApplicationException("GetPercentComplete not supported in " + DisplayName);
}

/// <summary>
/// </summary>
public RenkoBarsType() : base(PeriodType.Renko)
{
}

/// <summary>
/// </summary>
public override int SortOrder
{
get { return 13000; }
}

/// <summary>
/// </summary>
/// <param name="period"></param>
/// <returns></returns>
public override string ToString(Period period)
{
return "Renko " + period.Value.ToString() + " Ticks";
}
}
}

[roonius]

Unfortunately I could not figure out how Roonius added a PeriodType.Renko. I tried to add a PeriodType but cannot.

************************************************** *************
I have some code here. I think it is from roonius, if you want me to post it?

Try using PeriodType.Custom9

[RJay]

Hi Stephen,

Welcome to the secrets of NT. I pulled my hair out for weeks trying to add new chart types to NT.

If you want to add a new type, change the following:

Inside NT editor...

-----------------------------------------------------------------------

Save existing chart with a new name.

-----------------------------------------------------------------------

replace all old chart name occurances inside chart program with new chart name.

----------------------------------------------------------------------

Next, change

get { return 13000; }

This must be a unique number. It places your entry in numeric order in the bar pulldown selection menu.

change it to this:

get { return 13550; }

--------------------------------------------------------------

next, is the hard part, defining a unique NT reconisable chart type. I have located several that NT let their venders use.

Change the following.

public RenkoBarsType() : base(PeriodType.Renko)

to

public RenkoBarsType() : base(PeriodType.Custom1)

----------------------------------------------------------------

Next,

Update the titlebar on chart.

Change

return "Renko " + period.Value.ToString() + " Ticks";

to what ever you want the chart title to be.

Ex.

return "NewRenko " + period.Value.ToString() + " Ticks";

---------------------------------------------------------------------

Finally, change the display name in the selection pulldown list for bar types:


public override string DisplayName
{
get { return PeriodType.ToString(); }
}


to this:

Ex.

publicoverridestring DisplayName
{
// get { return PeriodType.ToString(); }
get { return"NewRenko"; }
}

---------------------------------------------------------------------

Compile, Save, Done!!!

--------------------------------------------------------------

Intellisense cache must be reloaded before new chart will be selectable.

Simply import any indicator or strategy. This will flag an Intellisense cache reload.

Edit open any indicator, compile and save.

Exit and reopen NT.

--------------------------------------------------------------

See how easy that was.

I think I burned out several thousand brain cells figuring that out.

let me know how it works out.


RJay

[wuolong]

This does work!! Thanks!

Try using PeriodType.Custom9

[stephenszpak]

RJay

I just tried to write the most simple strategy
possible. Could not. Had to take NT's
"SampleMACrossOver" and change some of the
parameters. I appreciate your consideration
however, but I think edsfreedom will get more
out of your post. (nice to hear from you again)

[edsfreedom]

Thanks RJay and Roonius, very informative. I changed/uploaded the new archive that uses Custom9, and unique sort number 13332.

[ninjamouse]

RJay

I just tried to write the most simple strategy
possible. Could not. Had to take NT's
"SampleMACrossOver" and change some of the
parameters. I appreciate your consideration
however, but I think edsfreedom will get more
out of your post. (nice to hear from you again)

Doing a SampleMACrossOver is easy and backtesting renkos will give you amazing results, and I mean amazing!

however, in real time, you WILL lose money, and I mean HUGE amounts of money.

I think the only way to use renkos is using it as a guide for S/R.

I might be wrong?

[stephenszpak]

Doing a SampleMACrossOver is easy and backtesting renkos will give you amazing results, and I mean amazing!

however, in real time, you WILL lose money, and I mean HUGE amounts of money.

I think the only way to use renkos is using it as a guide for S/R.

I might be wrong?

Why do you think the real time results will be poor? I've been spending
quite a bit of time with Renkos. Hopefully not wasted time.

[mon4not]

Doing a SampleMACrossOver is easy and backtesting renkos will give you amazing results, and I mean amazing!

however, in real time, you WILL lose money, and I mean HUGE amounts of money.

I think the only way to use renkos is using it as a guide for S/R.

I might be wrong?

Are you using market orders in realtime? Maybe limit orders will perform better.

[ninjamouse]

Are you using market orders in realtime? Maybe limit orders will perform better.

i've tried both Limit orders and Market orders, they both prove to be disastrous in real time.

Backtesting is amazing, totally amazing, realtime, not good

[RJay]

i've tried both Limit orders and Market orders, they both prove to be disastrous in real time.

Backtesting is amazing, totally amazing, realtime, not good

I completely agree with ninjamouse. Test any strategy using Renko bars with market replay first. It could save you in more ways than one.

RJay