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Best Renko Bar? - better vs median vs sbs vs wicked
Started:August 18th, 2011 (01:34 PM) by rpm123 Views / Replies:49,860 / 202
Last Reply:December 7th, 2012 (10:47 AM) Attachments:46

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

Old August 18th, 2011, 01:34 PM   #1 (permalink)
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Best Renko Bar? - better vs median vs sbs vs wicked

I've researched and have seen a lot of disagreement and conflicting info. Has a winner emerged?


Last edited by rpm123; January 30th, 2012 at 03:58 PM.
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Old August 18th, 2011, 01:34 PM   #2 (permalink)
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Old August 18th, 2011, 01:38 PM   #3 (permalink)
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yes betterrenko with betterbrick style but then again its just one man opinion asking for a winner is like asking who is the best looking in miss universe contest.

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Old August 18th, 2011, 01:44 PM   #4 (permalink)
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cory View Post
yes betterrenko with betterbrick style but then again its just one man opinion asking for a winner is like asking who is the best looking in miss universe contest.

shoot, you threw in another variable, betterbrick.

@roonius, i know you created at least two of these, can you pls be sure to weigh in. I know you don't support median anymore, are you still happy with sbs and compared them to the others?

thanks cory, roonius,
rpm123

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Old August 18th, 2011, 02:22 PM   #5 (permalink)
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cory View Post
yes betterrenko with betterbrick style but then again its just one man opinion asking for a winner is like asking who is the best looking in miss universe contest.

Maybe you cannot agree, who is the prettiest girl in the contest, but there are a few that are already overweight and have wrinkles So let us look at the different renko bar types that have been created. I think that all bar types with an *) are obsolete.

- Ed's Renko *)
- MedianRenko *)
- B6Renko *)
- WickedRenko *)
- SBSRenko
- NinjaTrader Renko (introduced with NT7)
- LogikRenko
- BetterRenko

I think that @aslan has created B6 Renko, Wicked Renko and Better Renko. Better Renko is the latest creation and replaces the earlier models. @roonius was involved with MedianRenko and SBSRenko, and only recommends SBSRenko as per now. That limits the choice to four of those Renko bar types, namely:

- Default NT Renko
- SBS Renko
- LogikRenko
- BetterRenko

I have never tested LogikRenko - which is a commercial bar type. However, I have installed the three other ones. I have not had any problems with the default Renko and the BetterRenko bar types. 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).

That is my current state of knowledge. If anyone knows better, please post!


Last edited by Fat Tails; August 18th, 2011 at 02:44 PM.
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Old August 18th, 2011, 02:39 PM   #6 (permalink)
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...

I think that @aslan has created Eds Renko, B6 Renko, Wicked Renko and Better Renko. ...

That is my current state of knowledge. If anyone knows better, please post!

just this, Ed created Eds Renko.

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Old August 18th, 2011, 02:45 PM   #7 (permalink)
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cory View Post
just this, Ed created Eds Renko.

Have modified my post. Thanks for the correction.

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Old August 18th, 2011, 03:09 PM   #8 (permalink)
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Better Renko

I have become a very big Better Renko fan! Very easy to see price action.

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Old August 18th, 2011, 03:11 PM   #9 (permalink)
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Fat Tails View Post
Maybe you cannot agree, who is the prettiest girl in the contest, but there are a few that are already overweight and have wrinkles So let us look at the different renko bar types that have been created. I think that all bar types with an *) are obsolete.

- Ed's Renko *)
- MedianRenko *)
- B6Renko *)
- WickedRenko *)
- SBSRenko
- NinjaTrader Renko (introduced with NT7)
- LogikRenko
- BetterRenko

I think that @aslan has created B6 Renko, Wicked Renko and Better Renko. Better Renko is the latest creation and replaces the earlier models. @roonius was involved with MedianRenko and SBSRenko, and only recommends SBSRenko as per now. That limits the choice to four of those Renko bar types, namely:

- Default NT Renko
- SBS Renko
- LogikRenko
- BetterRenko

I have never tested LogikRenko - which is a commercial bar type. However, I have installed the three other ones. I have not had any problems with the default Renko and the BetterRenko bar types. 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).

That is my current state of knowledge. If anyone knows better, please post!

I think Fat Tails narrows it down pretty well to BetterRenko. Thank you. I have been using these mostly and had only tried the other ones for a short time (excepting the commercial bars, never tried them). I have not played with the Better Brick option of Better renko, which I'll try. Plus in my research I found a indie that predicts the close (like the one for the range bar) which I will load and try. As well as my research pointed to @MWinfrey's method of adjusting the grid to the bar size. All good stuff. Thanks again to the BMT gang. Please, anyone to weigh in more would be great.

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Old August 18th, 2011, 03:22 PM   #10 (permalink)
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rpm123 View Post
... Please, anyone to weigh in more would be great.

just this, he wrote a project betterko close indi for the next up bar and down bar but they are hard to see so I bold them a bit.

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Register to download File Type: cs RenkoBrickClose.cs (6.3 KB, 339 views)
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