[PoshTrader] RENKO : FREE for NinjaTrader 8

Poshtrader

Junior member
11 0
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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%
Additionally, this Renko retains real market opening price and rounds its close to the nearest round number to maintain a grid behaviour, unlike other Renkos publicly available where all bricks are shifted based on the very first tick of the market which might differ from broker to broker.

[PoshTrader] RENKO for NinjaTrader 8
 
 
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