orders placed according to color of bars

[stephenszpak]

Is it possible to have long/short orders to be placed according
to the color of the price bars on a chart? Or does one have
to code every single thing into a strategy as to how the price
bars have been given their color?

[NinjaTrader_Ben]

Hello,


There is not function to place order per the color of the bar, sorry.

[stephenszpak]

Thanks Ben. I am thinking about a strategy
using Renko bars. Would I have to code the
parameters of a Renko bar, that is, within the strategy?
If you know of this being done I'd appreciate the
link.

[NinjaTrader_Ben]

Hello,

You can code this within the strategy or create an indicator that a plot that is accessable to your strategy.

I recommend searching the forum with the search feature and/or looking in the file sharing section of the forum.

[stephenszpak]

Ben

Ok, just to make sure about this. If I format the data series
to Renko and create a 4 tick chart, will a Ninja Strategy accept
the closing prices created by the Renko as valid,that is, just as valid
as if it were a standard bar chart? You said somewhere that Renko
is not a supported capability of NT.
(Sorry, I'm positive this is a simple question, but I just don't know.)


I just found this on page 484 of the manual.


{
// Add a 5 minute Bars object - BarsInProgress index = 1
Add(PeriodType.Minute, 5);
// Add a 100 tick Bars object for the ES 12-06 contract - BarsInProgress
index = 2
Add("ES 12-06", PeriodType.Tick, 100);
// Charts a 20 period simple moving average to the chart
Add(SMA(20));
}

{
Maybe something like this would be what we're talking about:
// to get 100 Renko bars
Add("ES 12-06", PeriodType.Renko, 100);
// to make the Renko a 4 tick
Add (PeriodType.Renko,4);
// to add a 3 SMA to that
Add(SMA(3));
}

[RJay]

Stephen,

It has been my experience that only chart types that are reconised by intellisense can be added in this manner. Renko is not one of them.

RJay

[NinjaTrader_Josh]

Unfortunately Renko bars are a 3rd party addon and we do not know if you can use them or not.

You could try just going PeriodType.Renko and see if that works. Otherwise unfortunately you would need to contact the vendor to see if they know.

[stephenszpak]

Originally Posted by rt6176

Stephen,

It has been my experience that only chart types that are reconised by intellisense can be added in this manner. Renko is not one of them.

RJay

So a strategy using Renko bars is impossible?!
It doesn't seem to recognize Renko as you stated.

Any suggestions at this point would be appreciated (by anyone).
The Renko code was made by a NT person. I'll try to search who
did it. Maybe they have an idea.


Did the search. I think it was roonius. His program:

'Renko bars' is what I downloaded (I think) a number of days ago.

I found/opened his program using notepad. (I can post it if necessary.)
Should it be installed within a strategy in its entirety to create a Renko
strategy of some sort.



Thanks,

- Stephen

[NinjaTrader_Bertrand]

Stephen, is this a MultiTimeFrame / Instrument strategy you want to code up? If not you can simply run your existing strategy on the Renko bars type, there's no explicit coding to the Renko bars type needed then.

[stephenszpak]

Originally Posted by NinjaTrader_Bertrand

Stephen, is this a MultiTimeFrame / Instrument strategy you want to code up? If not you can simply run your existing strategy on the Renko bars type, there's no explicit coding to the Renko bars type needed then.

Ok...ah, it seems I was given conflicting info. At the moment it
would simply be Renko bars as a single time frame strategy.


Well to update, I just did this:

protected override void OnBarUpdate()
{

Add("ES 12-06", PeriodType.Renko, 100);

Add (PeriodType.Renko,4);

Add(SMA(3));
}

This is NOT what I want in the end, however the 'Strategy was successfully generated'.
There still is hope.

[NinjaTrader_Bertrand]

Stephen, for a single timeframe strategy running on Renko bars, just create your chart using the Renko bars type and run your strategy on it (for a quick demo, just use the SampleMACrossOver). You would not have to Add() the Renko bars for this to be working in a strategy using just one Renko chart.

[stephenszpak]

This is what I got. Nothing to see really, but it does work.
I checked the strategy's code. It doesn't specify much of
anything, so you were right, it doesn't matter.

[stephenszpak]

Originally Posted by NinjaTrader_Bertrand

Stephen, is this a MultiTimeFrame / Instrument strategy you want to code up? If not you can simply run your existing strategy on the Renko bars type, there's no explicit coding to the Renko bars type needed then.

If I wished to develop a strategy using a short term and long term Renko
bar tick, like 3 tick and 7 tick, would this be possible?

I looked at the Renko code that actually displays the basic Renko chart and I must
say it is extremely complex and long as far as I'm concerned. Would I have to use
this code (I can post if necessary) within a two tick (7 tick and 3 tick) strategy,
or is there a much simpler way?

[NinjaTrader_Bertrand]

Stephen, as stated earlier this is a custom barstype and you would need to contact the original author to check if and how it workds in multi series environments, if you want to got with a supported one, you can check the Range bars out and Add() them via Add(PeriodType.Range, 4).

[stephenszpak]

Originally Posted by NinjaTrader_Bertrand

Stephen, as stated earlier this is a custom barstype and you would need to contact the original author to check if and how it workds in multi series environments, if you want to got with a supported one, you can check the Range bars out and Add() them via Add(PeriodType.Range, 4).

I believe roonius wrote the program that creates Renko bars within NT.
I contacted him. Maybe it wasn't him or maybe he is occupied. No response
as yet.

Maybe I can do something with the Add() stuff. Lost my train of thought
on this as the days have past. From what you said it seems possible though.