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Renko brick size does not match other software

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    Renko brick size does not match other software

    Hi. I am creating an indicator that uses Renko on NT8 and I want to compare NT8 Renko with the Renko on other platform (Profitchart Pro). The Charts happen to be quite close, although not identical. However, I have to set very different values for brick size... For the charts to be similar, I have to use 10R on Profitchart Pro and 5000 Renko on NinjaTrader.

    I tried to change the tick size and the point value, but to no avail. Nothing I changes make any difference. I am using Ibovespa WIN, where 1 tick = 5 points. A bricksize of 5000 would make 25000 points, which is absurd. Anyone could tell me why do I have to use a 500 multiplication factor so the Charts are similar?

    Thanks.
    Yours,
    Claudio

    #2
    Hello.

    Thank you for the note.

    We can not say why another platform uses different scaling factors. You can look at the code of the Renko bar type in NinjaTrader, but we could not say anything about this other platform you mention. Perhaps comparing the code for the two types will provide some insight. The Renko type can be found under Documents\NinjaTrader 8\bin\Custom\BarsTypes.

    Please let us know if we may be of any further assistance.
    Chris L.NinjaTrader Customer Service

    Comment


      #3
      Thank you for your quick response. I really don’t get it. My tick size, which is the smallest increment admissible, is 5 points. So 10 bricks should mean 50 points. However for some reason NT is making me use something 500 times as large - as the minimum increment were 0,01.

      Comment


        #4
        Hello. Thank you for the reply.

        Can you please post some screenshots of this issue that explain this visually?

        I look forward to your reply.
        Chris L.NinjaTrader Customer Service

        Comment

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