Discussion about Renko : (from Varun's thread)

Vipul_84

Well-Known Member
Great discussions. Looks like we are getting somewhere now. Anything with VK moves fast and so also this thread. Anyways, can you post final AFL code here ?

Added VK Swingline, VK LVB & PDC/CRB of extremistji to renko of dossji
replace C,H,L with rClose3,rHigh3,rLow3 respectively
and e36 ema set to 3 instead of 36
 

RockyRobust

Well-Known Member
I too am interested in Renko charts as they are really smooth to let hold the patience while an ongoing trade. Was testing Ninja Trader 7 options of Renko charting, got hold on these UniRenko bars which seem to do a good work . Not yet took trades based on them but till now experience of viewing them has been good.

NIFTY_I (20 UniRenko T20R120O60)  15-09-2017.jpg
 

RockyRobust

Well-Known Member
Brick height remaining constant, I wonder if the brick size can be expanded/contracted to reflect the time spent in the brick height zone.
I presume that your question was regarding the UniRenko bars. These bars have the option to customize Brick Size which is based on three parameters , Trend , Reversal & Open Offset. This makes these bars very flexible and we could even customize them to replicate Mean Renko Bars which are very popular.
 

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