This is an improved version of the original posted by @monpere.
This colors 3 different time zones. It allows for timezones that cross date boundaries and shows overlapping timezones by merging the 2 time zone colors. It also display the name of the timezone or names of overlapping time zones. It is an update of the ColoredTimeRegions indicator.
-Added BoolSeries for each timezone for use with BloodHound & strategies. True = in timezone.
-Added a color for when no market is open.
-Fixed Transparent color use.
-Fixed text function when multiple dataseries are on the chart. (text is disabled)
-Added auto text color change depending on chart background color.
October 8th, 2012
Size: 4.82 KB
Downloaded: 772 times
1278
zacharydw00
This colors 3 different time zones. It allows for timezones that cross date boundaries and shows overlapping timezones by merging the 2 time zone colors. It also display the name of the timezone or names of overlapping time zones. It is an update of the ColoredTimeRegions indicator.
This is my implementation of a Universal Renko bar type. It allows the user to choose when the bar closes in the direction of the previous bar (Trend), and when it closes in the direction against the previous bar (Reversal).
This allows you to tailor the bar to behave specifically how you want it in ways that hopefully may enhance your particular trading style. As an example, if I am a reversal trader, entering on reversal bars, and putting my stop behind the entry bar, I can choose trend and reversal settings that minimize the size of reversal bars, and therefore optimize my stop sizes, etc.
Parameters are:
'Tick Trend' - Number of ticks to close the bar in the Trend direction
'Tick Reversal' - Number of ticks to close the bar in the Reversal direction
'Open Offset' - Number of ticks offset to draw the artificial open
Like most Renko bars, the bar open is artificial, and is placed by default halfway up the previous bar. The open is aesthetic only, it is not used in the bar size calculation. The tails on the bar show real prices. The artificial Open may affect your backtesting depending on the coding of your strategy. Internally uses NT PeriodType.Custom5
V2:
To support Muti TimeFrame indicators/strategies using the Add() method, added an alternative way to specify all bar specs in the 'Tick Trend' parameter. You can now alternatively specify each parameter as 3 digits in the Data Series window 'Tick Trend' parameter or Add() method 'Period' parameter. For example to specify TickTrend=4 , TickReversal=8, OpenOffset=2 or (T4R8O2) then specify: 'Tick Trend'=004008002 in Data Series window, or Add(PeriodType.custom5, 004008002);' in your MTF code. The normal way of specifying the parameters will continue to work as well.
Change log: UniRenko - Universal Renko BarType v4 (July 31st 2013) --> Price 'traveling' to '0' during Market Replay issue.
This is an update for the UniRenko Bars type that fixes an issue with Market Replay that causes price to 'travel' to '0' in certain situations.
This fix is in addition to the memory leak fix provided in the previous version (v3).
Please, use this version as it has been thoroughly tested and should be stable at all times.
After importing, exit NT and reenter to access the fixed UniRenko bars.
UniRenko - Universal Renko BarType v3 (July 10th 2013) --> Memory leak fix
This is an update for the UniRenko Bar type that fixes a memory leak that would prevent these bars from being used with Market Replay and other conditions.
This update just fixes the memory leak issues and does not make any additional changes to the original monpere code.
September 25th, 2015 07:55 PM aaronrrc Exactly what I needed, Thank you @monpere !!
September 5th, 2014 12:01 AM jrs659 thanks
July 22nd, 2012 08:23 AM Renkotrader Hello! I tried to use this indicator, but in each instrument, I use, this indicator does not work. Can you support/solve
this problem? Thanks a lot, Renkotrader
June 7th, 2011 10:26 AM DrE6 Great tool which would be very helpful for me. However it does not work on my NT7, I can not see anything. Could you ple
ase help? I added 00, 50 in the number ending in parameter field to get the plot marker e.g. at a price of 1.4400 or 1.4
January 18th, 2017 03:02 PM AABid Thank you for sharing. Your kindness is greatly appreciated. This bar type is the cornerstone of my trading as it help
s me to filter all the noise. I use setting of 1-5-1 for the emini.
August 23rd, 2016 01:59 PM Trading Noob Awesome Renko implementation!
January 28th, 2020 08:19 AM PilotTrader Excellent tool for traders using the uniRenko bars!
Question: Is there an NT8 version of this anywhere? Thanks.
January 1st, 2019 08:07 PM beatnik Just what I needed. Been drawing a rectangle around the candle the size of my reversal candle. Thanks
April 26th, 2018 10:14 PM chuckclymer I am new to this forum and I am probably not commenting in the correct spot, but I am curious if this is available for N
T8? Thanks for the indicator!!!
September 23rd, 2017 01:31 PM longboat Thanks. Can somebody please code this for NT8?!!