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I just threw up a SBS Renko and it seems to me that the nicolleli Range Bar would be a SBS Range Bar since the SBSRenko form without penetration of range, just as soon as range is complete, although in this case there is an extra condition to create a reversal bar with twice the range of the basic trend/direction bar.
Can you help answer these questions from other members on NexusFi?
I am not using Tradestation anymore: however, I would try a 4 Range bar in TS. Remember that they will never be perfect, but you really do not need then to be. Fibonacci Trader still has the best, I just wish they would give us a platform to trade with