Big Mike's Trading Forum
 

Go Back   Big Mike's Trading Forum

> Trading Forums > Platforms and Indicators > NinjaTrader


Notices
     

Best Renko Bar? - better vs median vs sbs vs wicked
Started:August 18th, 2011 (01:34 PM) by rpm123 Views / Replies:49,814 / 202
Last Reply:December 7th, 2012 (10:47 AM) Attachments:46

Welcome to Big Mike's Trading Forum.

Welcome, Guest!

This forum was established to help traders by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

BMT is fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike
     

Reply
 46  
 
Thread Tools Search this Thread

Best Renko Bar? - better vs median vs sbs vs wicked

Old September 28th, 2011, 10:30 AM   #101 (permalink)
tw
Singapore
 
Trading Experience: Intermediate
Platform: NT7
Favorite Instrument: EUR/USD CL TF
 
Posts: 71 since Sep 2011
Thanks: 77 given, 12 received


mea109 View Post
Just edit in notepad bars .cs files located in /Documents/NinjaTrader7/bin/Custom/Type

Thanks mate.

Reply With Quote
     

Old September 28th, 2011, 10:56 AM   #102 (permalink)
Elite Member
france
 
Trading Experience: Beginner
Platform: nt
 
mea109's Avatar
 
Posts: 194 since Oct 2009
Thanks: 1,393 given, 36 received

Hi RJay

I managed to make it work ...with luck.

First I add to install 3 more types to make BetterRenko appear (new 3 bartypes would not be up yet)

Then I add to close/relaunch NT a few (quite a few) times to make the other appear on the list at their own turn at different intervals ?!

Funny stuff....

Just like you can select 3 minutes period by typing 3M on the chart. Is there a way to assign a shortcut to custom bar types ? Like by typing 6MR it would switch chart to 6 MedianRenko.

Thank you

edit: please disregard screenshot

Attached Thumbnails
Best Renko Bar? - better vs median vs sbs vs wicked-sans-titre.png  

Last edited by mea109; September 28th, 2011 at 04:28 PM.
Reply With Quote
     

Old September 28th, 2011, 11:09 AM   #103 (permalink)
Elite Member
NY
 
Trading Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
 
kronie's Avatar
 
Posts: 609 since Oct 2009
Thanks: 110 given, 365 received



kronie View Post
so wat really is Wicked Renko?

how does that compare with Range_No_Gap, or Better_Renko?



anyone answer these questions?

hoping for some direction here, perhaps even a download link or two


thanks in advance

Reply With Quote
     

Old September 28th, 2011, 01:07 PM   #104 (permalink)
Elite Member
france
 
Trading Experience: Beginner
Platform: nt
 
mea109's Avatar
 
Posts: 194 since Oct 2009
Thanks: 1,393 given, 36 received


Fat Tails View Post
. @roonius was involved with MedianRenko and SBSRenko, and only recommends SBSRenko as per now.

... But I had problems with SBSRenko, as it is not compatible with all NinjaScript methods.

For example all my multi-timeframe indicators, which need to take into account the NinjaTrader sessions to close the higher timeframe bars, do not run on SBS Renko, but they do run on the NinjaTrader default Renko and on Better Renko bars (and on all other NinjaTrader default types).

I'm quite a fan of MedianRenko. Since SbSRenko is supposedly derived from MedianRenko, are you aware of the same MTF troubles for the ancestor one ?

Reply With Quote
     

Old September 28th, 2011, 01:14 PM   #105 (permalink)
Membership Temporarily Revoked
siam, west coast andaman sea
 
Trading Experience: Master
Platform: ninja
Favorite Instrument: gc, cl, tf, 6e
 
nakachalet's Avatar
 
Posts: 512 since Aug 2011
Thanks: 559 given, 195 received

why creating new bar at the middle of previous bar, pls?

Current BMT User Poll

Should sim traders that pretend to trade cash be allowed on BMT?

 

TheWizard View Post
That's true with the MedianRenko bars. The creator never worked out the bug that caused them to be unequal. Not that they don't give good signals, IMO, it's just "cosmetic". The reason I liked them (and especially the RenkoHybrid) is because they smooth out all the "noise" on the price panel and the sub-indicator panels. They just make it easier for me to read and understand.

Rjays RenkoHybrid bars ARE all the same size (body-wise, not counting tails). The thing about RenkoHybrid is: say you have your chart set to 4 tick RenkoHybrid. The bar will have to travel 8 ticks before it exhausts it's "range" so that a new bar is created. The new bar will be created at the "median" or middle of the prior bar & then continue its journey up & down for 8 ticks total traveling distance, before another new 4 tick bar is begun. The bodies of the bars, however, willall be a uniform 4 ticks in size. Hope that explains, somewhat. I've attached a screenshot of Rjays RenkoHybrid.

Keep in mind: ALL the bar types tell the same story. It just depends on which "language" (bar type) you're most comfortable reading. I began with minute bars and struggled trying to read them. I don't like the idea of "compressing" data (price-action) into a human-created concept (time) and then trying to "decipher" it's secret message, so to speak. The plainer, the better. And Renko type bars (all of them) smooth out the "noise", as I said earlier. Pull up a 5 minute chart & put all you indicators that you use on it, then pull up a 2nd chart of MedianRenko, BetterRenko, SBSRenko, etc. & see what I mean.

The new bar will be created at the "median" or middle of the prior bar & then continue its journey up & down for 8 ticks total traveling distance, before another new 4 tick bar is begun.

the very fact that the new bar is created at the middle of the previous bar.... and not at a new bar wherever at the top or bottom of the previous bar for the particular price continuation.... indicates certain theoretical constrains or bias already, does it not?.... just a question from a non-programmer.

Rjays RenkoHybrid bars ARE all the same size (body-wise, not counting tails).

in addition, tail is part of a price range, if discounted in any shape or form would surely statistically skew and affect the subsequent price structure whenever adaptation takes place, does it or doesn't it so, pls?


Last edited by nakachalet; September 28th, 2011 at 01:39 PM. Reason: discounting tail of a price structure, statistically significant or not?
Reply With Quote
     

Old September 28th, 2011, 02:51 PM   #106 (permalink)
Elite Member
New Orleans, La
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus Futures / IB / AmpFutures
Favorite Instrument: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 502 since Aug 2009
Thanks: 144 given, 438 received

I think you missed my point.
The issue is ONE of the NEW bar types conflicts with one of the bar types you ALREADY have installed.
You will need to look at ALL of the custom bar types to find the conflict. (i.e. PointO, Momentum, etc)




mea109 View Post
Thanks for your help.

I just checked and each are different already :
- NoGapRange = Custom2
- MedianRenko = Custom0
- Better = Custom4

Can it come from somewhere else ?!


Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Reply With Quote
     

Old September 28th, 2011, 02:53 PM   #107 (permalink)
Elite Member
New Orleans, La
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus Futures / IB / AmpFutures
Favorite Instrument: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 502 since Aug 2009
Thanks: 144 given, 438 received

I use Microsoft Visual Studio but you can use notepad.
(just be sure to have 'word wrap' disabled)


TradeWind View Post
Hi David,
How do we access the NT bar types script to rectify this issue may I ask?
Thank you.
TW


Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Reply With Quote
     

Old September 28th, 2011, 04:01 PM   #108 (permalink)
Elite Member
france
 
Trading Experience: Beginner
Platform: nt
 
mea109's Avatar
 
Posts: 194 since Oct 2009
Thanks: 1,393 given, 36 received


DavidHP View Post
I think you missed my point.
The issue is ONE of the NEW bar types conflicts with one of the bar types you ALREADY have installed.
You will need to look at ALL of the custom bar types to find the conflict. (i.e. PointO, Momentum, etc)

When I exchanged views with you, I had only those 3 custom bar types installed (I installed PointO, Momemtum, etc later in the day)

Reply With Quote
     
The following user says Thank You to mea109 for this post:
     

Old September 30th, 2011, 04:29 PM   #109 (permalink)
Elite Member
Panama
 
Trading Experience: Advanced
Platform: MT4, NinjaTrader
Favorite Instrument: Forex
 
Posts: 1 since Jul 2011
Thanks: 13 given, 0 received

Better Renko vs RenkoHybrid vs LogikRenko

After much reading here and other related threads, it appears the concensus is that the following 3 Renko types are favored:

*** Better Renko ( with or without Better Brick style)

*** RenkoHybrid

*** LogikRenko

Has anyone specifically compared/contrasted these three types?

Any comments or opinions are greatly appreciated.

Thanks!

Reply With Quote
     

Old October 1st, 2011, 11:10 PM   #110 (permalink)
Elite Member
fairfax, va
 
Trading Experience: Intermediate
Platform: ninja
Favorite Instrument: ES
 
cory's Avatar
 
Posts: 3,943 since Jun 2009
Thanks: 467 given, 4,110 received


there is hope for plain renko fan
Monthly_recap_Spitfire_9.30.11 - theTradingAuthority's library

Reply With Quote
     
The following 3 users say Thank You to cory for this post:
     

Reply



Tags
account, advisor, ai, amp, analysis, api, atr, axis, back testing, bars, bat, betterbrick, betterrenko, big mike, bot, brokerage, brokers, business of trading, calls, candle, cci, cd, ces, challenge, change, channel, charges, chart, chart style, charts, chat room, choice, close, color, colors, compile, composite, consistency, control, convert, corporate, costs, create, credit, custom, daily, data, data series, database, day, demo, dow, downloads, education, el, elite, enter, error, es, exchanges, execution, fed, feed, file, fill, filled, fills, fix, for sale, format, formula, forward testing, free, function, future, gap, gaps, grid, group, high, histogram, historic, horizontal, how to trade, hybrid, india, indicator, indicators, interval, lagging, last price, learn, learning, level, life, limit orders, line, list, live, live sim, live trading, living, load, lot, low, make money trading, management, median, median renko, medianrenko, meeting, metals, mind, ml, mode, moves, moving average, mtf, multiple, names, new bar type, news, ninja, ninjascript, ninjatrader, ninjatrader indicator, note, nt7, nt8, nymex, open, option, order, order entry, package, paid, parameter, parameters, pat, patterns, perception, performance, period, personal, pfg, philosophy, plan, platforms, point and figure, predictive, price, price action, profit, profit target, profitable, project, proprietary, puts, question, questions, range, range bar, range bars, ray, real time, recording, reliability, reliable, reload, renko, renko chart, replay, research, sample, save, sc, scam, script, seminars, series, session, settings, setup, sierra charts, signals, sim, sim trading, sma, small, sp, speed, start, string, support, systems, targets, template, terms, testing, thank you, tick, tick chart, ticks, time, timeframe, trader, traders, trades, trading, trading system, travel, trend, trend following, tv, type, uk, universal, universe, university, update, values, variable, vendor, volatility, webinar, wicked renko, wickedrenko, woodie, woodiesbars, xml
     

Big Mike's Trading Forum > Trading Forums > Platforms and Indicators > NinjaTrader > Best Renko Bar? - better vs median vs sbs vs wicked

Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
SBS-RENKO Warren B. NinjaTrader 5 February 14th, 2013 05:32 PM
Wicked Renko custom bar type for NT7 aslan NinjaTrader Programming 25 March 10th, 2012 10:13 AM
how to load Median renko and LineBreakwicked type bar kieuthu59 NinjaTrader 8 April 11th, 2011 02:56 PM
Median Renko bar masoud Traders Hideout 2 January 1st, 2011 08:32 PM
SBS Renko +PaintBar Warren B. NinjaTrader Programming 4 January 8th, 2010 12:39 PM


All times are GMT -4. The time now is 03:04 AM.

Powered by vBulletin®
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Copyright © 2014 by Big Mike Trading. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
 
no new posts

Page generated 2014-04-21 in 0.16 seconds with 40 queries on atlantis via your IP 67.202.56.112