Custom Renko (WickedRenko) implementation

[NinjaTrader_Austin]

Mzsolt, unfortunately custom bar implementations are unsupported. Hopefully some community members will be able to help you out.

[Mzsolt]

yeah visually they ok, but behind the scenes they aren't. They have no volume, no time, no wick, this is all of because they borned from some outside data tick.

For example the market is trading in 18.62 -18.63 the time and sales like this

18.62 500
18.62 100
18.63 20000
18.62 500
19.25 200000 -->this is a delayed data, sometimes happens in the market
18.63 200 -->back to normal

in this example many renko will born when 19.25 comes in, many renko up, than many renko down, they do not hold any information about the price movement, so i want to correct this data, to not born renkos, and dont mess up the chart.

[RJay]

Can you post an example?? These bars you posted look ok to me.

[Mzsolt]

Hi,

I am using WickedRenko on NT7 but i noticed a problem when there are data outside the current market range much more than 1 tick, it is common, just 1 or 2 time and sales data, but because renkos forming this time, it can be a great mess..

I tried to filter data in the cs file like this:

if(
(Math.Abs(close-close[1])) > (1*tickSize)
){
close = close[1]+1*tickSize;
}

Lets suspect we trading is liquid market, so if the next tick is outside the current trading area more than 1 tick, than it is impossible, so correct this value back to normal.

But this code doesnt changed anything

Any idea how can it be solved?

WickedRenkoBarsType_NT7.zip


All of this bars are created in 1-2sec..