Renko Bars

[roonius]

There is an open source for Renko Bars for NinjaTrader.

[NinjaTrader_Bertrand]

Thank you very much roonius, great job!

[RJay]

roonius,

Thanks for posting this file.

I downloaded the free Renko Bars inside a dll off the 3rd party website over the weekend.

It was OK, but I like to see the code.

I also have an ongoing project to build a couple of customized bar charts.

I like to study existing files to build new ones.

This will be a big help.

Thanks again,

RJay

[Ninja B]

Thanks for posting this

[mrlogik]

Hey roonius,

Thanks for this code.

I have a question about a possible addition.

Is it possible to display via a dot the most the price in the opposite direction before making the bar.

For instance, if we are currently green, and a new bar forms green, post on the chart below the new green bar the lowest the price went prior to eventually creating a green bar.

If not, is it possible to write an indicator to work with OHLC bars but apply them to a renko chart?

Thanks for your help.

Anthony

[roonius]

Hey roonius,

Thanks for this code.

I have a question about a possible addition.

Is it possible to display via a dot the most the price in the opposite direction before making the bar.

For instance, if we are currently green, and a new bar forms green, post on the chart below the new green bar the lowest the price went prior to eventually creating a green bar.

If not, is it possible to write an indicator to work with OHLC bars but apply them to a renko chart?

Thanks for your help.

Anthony

Anthony,

I just had an eye surgery and can't spend much time in front of monitor... so can't make any modifications in the next few weeks.

But to answer your question - it's "no", unless you rewrite renko "type" code using different logics and create additional chart style.

renko should display highs and lows as a shadow and chartstyle should be something like "wickless" candles...

It's just my quick thought. If you can come up with different ideas, feel free to share

roonius

[mrlogik]

Did you make this in visual studios; I don't see a way to edit the code for chart types within NT.

Thanks for your help.

[NinjaTrader_Bertrand]

Hi mrlogik, editing and creating chart types in NinjaScript is unfortunately not supported by us.

[RJay]

Hey roonius,

Thanks for this code.

I have a question about a possible addition.

Is it possible to display via a dot the most the price in the opposite direction before making the bar.

For instance, if we are currently green, and a new bar forms green, post on the chart below the new green bar the lowest the price went prior to eventually creating a green bar.

If not, is it possible to write an indicator to work with OHLC bars but apply them to a renko chart?

Thanks for your help.

Anthony

Anthony,

On the top bar of your Renko bar chart, open the last icon on the right.

Click on the chart styles line and try using a different style to find what may work for you. I was using this last weekend with the dll Renko bars.

RJay

[mrlogik]

hey RJay,

thanks for the suggestion.

[RJay]

Anthony,

Sounds like your trying for a Renko/Range or Renko/"Time" bar hybrid.

I am also determined to learn how to program my own charts.

I have some ideas for charts that need to be constructed and tested.

If I were a programmer, it would be so much easier.

FYI, I believe the programming file for the default chart types is in the "Type" directory where the Renko File loaded.

I am examining this file for more programming ideas.

Good Luck,

RJay

[mrlogik]

Rjay,

I am an engineer, so if / when I figure this out if you would like to discuss your ideas just PM me.

Thanks
Anthony

[RJay]

Rjay,

I am an engineer, so if / when I figure this out if you would like to discuss your ideas just PM me.

Thanks
Anthony

Thanks, I'm going to give myself a couple weeks to learn what I can.

RJay

[mrlogik]

A general question about Renko Bars.

At the time a bar closes, is the close price of the Renko bar suppose to be where the actual price is?

I know that seconds after the close it may be different, but at the exact time the bar closes shouldn't the actual price be very close to it?

The reason I ask is because the price doesn't seem to match up with the close of the Renkos.

Thanks for the help.

[roonius]

A general question about Renko Bars.

At the time a bar closes, is the close price of the Renko bar suppose to be where the actual price is?

I know that seconds after the close it may be different, but at the exact time the bar closes shouldn't the actual price be very close to it?

The reason I ask is because the price doesn't seem to match up with the close of the Renkos.

Thanks for the help.

Let's take Renko 4 ticks on s&p e minis

let's say currrent real price is 850 and we have a closed renko green bar with open 849 and close 850.

The next green renko bar will be painted when and only when the price will reach 851 (4 tikcs above high)
Or the next red renko bar will be painted when and only when the price will drop to 848 (4 ticks below low)