This Renko enables various Renko types to be created and is essentially the only Renko bars that you will ever need.
User has full control over the brick size, trend and reversal open offsets. These settings will allow you to create all of the well-known Renko variants such as the Median, Turbo, Hybrid, Classic, PointO as well as any other Renko type you can think of. See below for example settings.
- Classic: Offset trend = 0%, Offset reversal = 100%
- Median: Offset trend = 50%, Offset reversal = 50%
- Turbo: Offset trend = 25%, Offset reversal = 75%
- Hybrid: Offset trend = 75%, Offset reversal = 25%
- PointO: Offset trend = 0%, Offset reversal = 0%
[PoshTrader] RENKO for NinjaTrader 8