• If this is your first visit, you will have to register before you can post. To view messages, please scroll below and select the forum that you would like to visits. Questions? Be sure to check out the Forum FAQ.

Announcement

Collapse
No announcement yet.

Partner 728x90

Collapse

Renko Atr

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    Renko Atr

    Hi,

    I know other platforms allow Renko charted to be automatticly determined based on ATR.

    Since this doesnt seem to be available in NT, does anyone know how I can do the manual calculation myself?

    #2
    Hello bundi404,

    Thanks for your post and welcome to the NinjaTrader forums!

    The ATR indicator will produce a plot whose value is the price difference of the average true range over the period selected. You can convert the price value to ticks by dividing the ATR price by price/tick. This would then be the average ticks to use in setting the brick size of the renko bar.

    Example: The Instrument CL (crude oil) price per tick is 0.01 ATR(14) of a 6 renko chart at this moment is 0.0744.

    0.0744 / 0.01 = 7.44 You could then set the brick size to be 7 (has to be a whole number).
    Paul H.NinjaTrader Customer Service

    Comment

    Latest Posts

    Collapse

    Topics Statistics Last Post
    Started by tgn55, Today, 07:22 AM
    0 responses
    2 views
    0 likes
    Last Post tgn55
    by tgn55
     
    Started by U0000999, Today, 05:17 AM
    0 responses
    4 views
    0 likes
    Last Post U0000999  
    Started by Prataturry89, Today, 03:40 AM
    0 responses
    5 views
    0 likes
    Last Post Prataturry89  
    Started by UltraFastKetoBoost28, Today, 02:43 AM
    0 responses
    6 views
    0 likes
    Last Post UltraFastKetoBoost28  
    Started by kojakojids, Today, 02:04 AM
    0 responses
    5 views
    0 likes
    Last Post kojakojids  
    Working...
    X