one data series for indicator, one for price

[ZInvestorZ]

Is it possible to have a strategy take an entry signal from an indicator on a Renko chart (data series 1) and then enter and exit on a minute chart (data series 2)?

When I program a strategy on a Renko chart and run the Strategy Analyzer, it does not work properly. Something about the renko bars screws NinjaTrader up.

The strategy analyzer says I would make millions but has a 0% probability.

[bltdavid]

Have you tried using a different Renko bar?

I suggest you experiment with UniRenko or NinzaRenko ...

[But the answer to your question is: Yes, it is possible.]

[ZInvestorZ]

Yes, for my charts I am using NS_RenkoBXT, but I have tried many different Renko bar types. The NT Strategy backtester has a problem with all of them.

How do I tell my strategy to use the indicator from the Renko chart for the entry signal and then tell it to use the minute chart to enter and manage the trade?

[bltdavid]

[NS_RenkoBXT is supposed to be backtestable.
What did the vendor say when you complained to them?]

You'll need to add a secondary data series.

See examples here and here to get you started.

[bltdavid]

When I program a strategy on a Renko chart and run the Strategy Analyzer, it does not work properly. Something about the renko bars screws NinjaTrader up.

The strategy analyzer says I would make millions but has a 0% probability.

Renko and range based bars typically close when the next tick is beyond the
current bar's boundaries.

This means real-world entries on these kinds of charts are almost always going
to occur (at least) 1 tick beyond the bar close -- because if you submit a Market
order at bar close, the market is already 1 tick beyond the Close price.

In addition to that, the Open price of Renko-based bars can be a total lie, so doing
anything based upon the Open price is usually complete lunacy.

[ZInvestorZ]

Yes, I agree. That is why I want to use the indicator from the Renko data series, not the Renko bars, and the price from the minute data series. Can you help me with this?

[NinjaTrader_PaulH]

Hello ZInvestorZ,

Thanks for your post.

I would echo forum member bltdavids post#5 and add that finished Renko bars do not present the actual movement of price that occurred while the bar is forming. Renko bars are basically an indicator that repackages price data to easier present trending information.

Yes, you can use multiple data series in a strategy and use indictors based on any of those data series.

Please see this educational example from the help guide: https://ninjatrader.com/support/help..._frame_and.htm In this example 2 data series are added and an indicator using one data series is used for entry and another indicator using the 2nd data series is used for the exit.

[ZInvestorZ]

Thanks, Paul

[ZInvestorZ]

In the educational example from the help guide the strategy calls the SMA indicator directly as a method and it returns a value, which after looking at the code for the SMA indicator is probably the "Value" ISeries object. In the indicator I'm looking to use, however, the code doesn't have an explicit "Value" as the SMA indicator does. Would it be possible to rewrite the indicator slightly to place an array into the "Value" variable, and if so, would this allow me to call multiple values from the indicator itself based on a given alternate data series?

[NinjaTrader_PaulH]

Hello ZInvestorZ,

Thanks for your post.

Correct, Value is the output of the indicator.

Does your indicator have a plot? If so then that plot would be assigned automatically to a Value[]. If you have multiple plots then you would have Values[][]. In both cases, the indicator would have a data point for each bar in the primary series.

References:

https://ninjatrader.com/support/helpGuides/nt8/?priceseries.htm

https://ninjatrader.com/support/help...8/?addplot.htm (See example under, "Indicator using a public Series<double> to expose a plot with a friendly name.").