NexusFi: Find Your Edge


Home Menu

 





why renko is danger


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one RJay with 13 posts (1 thanks)
    2. looks_two wh with 12 posts (1 thanks)
    3. looks_3 Big Mike with 6 posts (1 thanks)
    4. looks_4 TheWizard with 4 posts (1 thanks)
      Best Posters
    1. looks_one TheWizard with 0.3 thanks per post
    2. looks_two Big Mike with 0.2 thanks per post
    3. looks_3 RJay with 0.1 thanks per post
    4. looks_4 wh with 0.1 thanks per post
    1. trending_up 41,637 views
    2. thumb_up 4 thanks given
    3. group 8 followers
    1. forum 31 posts
    2. attach_file 8 attachments




 
Search this Thread
  #11 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512

On Sim ... I am not crazy ... but it looks good and chart painted good, so i think it can be sucessfull ... this week it runs on sim and then i will show
1. mechanical trading system
or
2. automatic trading system

I send you a email.

Mfg arne


Attached Thumbnails
Click image for larger version

Name:	Screenshot - 15.06.2009 , 09_52_26.png
Views:	574
Size:	137.7 KB
ID:	94  
Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Topstep Slashes XFA Payout Caps by Up to 60% -- Flagship …
Funded Trading Evaluation Firms
Powell in 48 Hours: Word Markets Give 78% on Inflation, …
Prediction Markets & Event Contracts
Weekend Update: First Qatari LNG Transit Attempted -- IR …
Traders Hideout
US Prop Firms Race Inside the CFTC Perimeter -- Tradeify …
Funded Trading Evaluation Firms
SEC Advisory Committee Backs Tokenized Securities Exempt …
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Sober Journey With S&P
21 thanks
2026 Jlab journal
10 thanks
Trying to learn Volume and price action correlation
8 thanks
Algo automated / semi-automated trading anyone?
6 thanks
Lady Vols Primer: Trading Volatility Journal
5 thanks
  #12 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512

RJay

to pick some pips like 10, it is now very usefull. i use it as too as noisefilter.

Mfg Arne


Started this thread Reply With Quote
  #13 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512



RJay View Post
Arne,

Be sure to forward test in real time. I do not have a lot of faith in the analyzer. Especially on unsupported charts type like this.

RJay

you are right, the spread(bid/ask) and consolidation is killing you on smaller ticks like 4 range mean on forex ... i would select a higher ticksize for testing now

the results from analyser calculate without market conditions ... the analyzer
enhances the results to the best what is not the reality but the renkos works fine ...

now i am frustated

Arne


Started this thread Reply With Quote
  #14 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512


RJay View Post
Hi Arne,

Here's another wannabe chart I call ChannelTrend. It creates a new bar for every new MAX or MIN tick above or below a defined tick channel.

Definitely outside the "box".

It looks really good. But its a work in progress. It cannot be trusted alone.

Sigh, Well, back to studying Volume.

RJay

RJay

How it is calculate on volume or tick???


Arne


Started this thread Reply With Quote
  #15 (permalink)
 
RJay's Avatar
 RJay 
Hartford, CT. USA
 Vendor: www.innovative-trading-solutions-online.com 
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: ES
Posts: 687 since Jun 2009
Thanks Given: 765
Thanks Received: 789

It runs on tick data.

I'm trying to develop a volume indicator that could work with it.


Reply With Quote
  #16 (permalink)
 
RJay's Avatar
 RJay 
Hartford, CT. USA
 Vendor: www.innovative-trading-solutions-online.com 
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: ES
Posts: 687 since Jun 2009
Thanks Given: 765
Thanks Received: 789

BUG ALERT !!!!

The beta Chart type RenkoMedianbars that I posted earlier in this thread has a chart positioning problem.

I am pulling it until further notice.

DO not use this chart to enter orders.

RJay


Reply With Quote
  #17 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512

here is a greater bar


Attached Thumbnails
Click image for larger version

Name:	greater bar.png
Views:	414
Size:	6.9 KB
ID:	155  
Started this thread Reply With Quote
  #18 (permalink)
 
TheWizard's Avatar
 TheWizard 
Houston, TX
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus Futures, AMP, CQG
Trading: 6E
Posts: 1,731 since Jun 2009
Thanks Given: 517
Thanks Received: 4,224

I don't mean to be offensive, but if you alter Renko to have tails & update on tick by tick basis isn't what you end up with a candlestick chart? That's exactly I was trying to get away from (all the up&down&up&down movement - confusing me as to whether to go long or short) by using Renko. Renko calmed the noise. I'd like to see Renko taken a step further in the same direction - eventually - just a sine wave of price movement so you could enter at any point on the wave, just so long as you entered in the direction of the wave. Now there's a programming challenge! Anyone up to it?


Reply With Quote
  #19 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,669 since Jun 2009
Thanks Given: 33,669
Thanks Received: 102,557


RJay View Post
Attached is my latest Beta RenkoMedianBars so you can see what I'm working on.

RJay

I like what I see

Mike


Follow me on X Visit my NexusFi Trade Journal Reply With Quote
  #20 (permalink)
 
RJay's Avatar
 RJay 
Hartford, CT. USA
 Vendor: www.innovative-trading-solutions-online.com 
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: ES
Posts: 687 since Jun 2009
Thanks Given: 765
Thanks Received: 789



Big Mike View Post
I like what I see

Mike


Thanks Mike,

I'm trying to Build an ATS off this setup.

RJay


Reply With Quote




Last Updated on February 25, 2014


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts