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IMO the "AligatorRenkoRangeTargetByThatManFromTexas"- Indicator works to show the projected close of the current bar. The next bar will open when price goes up/down 1 tick above/below these values.
Edit: I just noticed the "AligatorRenkoRangeTargetByThatManFromTexas" doesn´t show the correct values for all settings. I think I was lucky it worked with the settings (T2R6O2) I tried the last days. With (T2R4O2) it seems not to work. Perhaps a programmer can look into this.
@monpere
When you enter on reversal bars, do you enter 1 tick above/ below the reversal bar (stop market order)?
Or do you use Stop Limit Orders with an offset of -1, so when price ticks 1 tick above/below the reversal bar (new candle is printed) a limit order is entered with the value of the close of the reversal bar?
But in fast markets you won´t get a fill sometimes.
Depending what do you need it for but the way unirenko calculates new bar is my preferred way for automated strategies - it does a better job at denoising (it creates a new bar once the move in the direction is confirmed)
If anyone still wants to have the behavior of creating new bar on "touch" as opposed to on "exceed" the change in the code should be quite straightforward. Just replace the following lines (54,55):
With:
Can't test it right now but that should be it.
BTW Thanks @monpere for the bar type - I used similar implementation of my own but I like yours even better
Could you expose this property to the user so that it can be set in the user interface?
New bar on touch: True/False
It could be done but I don't remember how many parameters are exposed by NinjaTrader for bar types.
UniRenko already uses: Value, Value2, BasePeriodValue so the complication may be there are no other fields that could store/expose this information
Could you expose this property to the user so that it can be set in the user interface?
New bar on touch: True/False
gregid
It could be done but I don't remember how many parameters are exposed by NinjaTrader for bar types.
UniRenko already uses: Value, Value2, BasePeriodValue so the complication may be there are no other fields that could store/expose this information
It can be done. I experimented and evaluated with this idea, and even as a scalper I concluded that it is of little value overall. I don't believe that on-touch, or exceeding the defined range by 1 tick should really make or break a trader's trading method. If it does, I would look at the merit of that trading approach itself. But if there's enough demand for this feature, I can include it.