Need help with Renko on 5min TF

[thenvk]

Hi,

I need to set up my data series with renko chart, brick size as 0.1 and 5 min TF. I want my EMA crossover to run on the renko series .I have gone through the help document and found I need to use the below

AddRenko(string instrumentName, int brickSize, MarketDataType marketDataType)
and
BarsPeriod.Value


can some one post me an example on how can my task can be achieved.

Thanks,
Vamsi

[thenvk]

AddRenko(Instrument.FullName,2, MarketDataType.Last); //My minimum tick is 0.05 hence took 2 for 0.1
Add(PeriodType.Minute,5);//I think this might refer to regular candles in 5 min TF. I want to create 5min tf on renko
What will be the series number for Renko 5 min? For 1 min regular candle it is 0 and 5 minute regular candle it is 1

[NinjaTrader_AlanP]

Hello thenvk,

Thank you for your note.

To add a bar series of type renko you could use the following,

AddRenko(string instrumentName, int brickSize, Data.MarketDataType marketDataType)

https://ninjatrader.com/support/helpGuides/nt8/en-us/?addrenko.htm

Used in an example on US Steel with a 5 brick size,

AddRenko("X", 5,MarketDataType.Last);

The primary series (the chart) will be Bar Series 0, and with just one Renko Series added, the Renko would be the 2nd series or Bars in Progress 1.

Please see BarsInProgress,

https://ninjatrader.com/support/helpGuides/nt8/en-us/?barsinprogress.htm

As well as the multi series script sample at the link below,

https://ninjatrader.com/support/forum/showthread.php?t=5787

Please let us know if you need further assistance.

[thenvk]

Thank you. Can you also tell me with a sample code how to add the 5 minute data series of the renko chart. Once this 5 min renko is added, the bar series index will be 2, if my understanding is correct.
regular chart index 0, renko 1 minute index is 1 and now when we add 5 minute series does it create 5 minute series of both Regular and renko is it? then how to know the index of 5 min renko?

Also instead of hard coding the instrument name, if I use AddRenko(Instrument.FullName,2, MarketDataType.Last); the script will automatically pick the current instrument is it?

[NinjaTrader_AlanP]

Hello thenvk,

You should hardcode the symbol and not use Instrument.FullName, see the third note at the following link on hardcoding,

https://ninjatrader.com/support/helpGuides/nt8/en-us/?addrenko.htm

I provided the statement to add a Renko bar series in the previous post. You could swap this out with the AddDataSeries call in the sample strategy I also provided.

Regarding adding additional data series and how the strategy knows the index, please see the following links which will get you familiar with multi series scripts.

https://ninjatrader.com/support/helpGuides/nt8/en-us/?multi-time_frame__instruments.htm

https://ninjatrader.com/support/helpGuides/nt8/en-us/?adddataseries.htm

https://ninjatrader.com/support/helpGuides/nt8/en-us/?barsarray.htm

https://ninjatrader.com/support/helpGuides/nt8/en-us/?barsinprogress.htm

Please let us know if you need further assistance.

[thenvk]

Thank you Alan.I am using ninjatrader 7. I did go through the links you provided and I am still confused on the adding 5 min series for Renko.

I understood that

AddRenko("X", 5,MarketDataType.Last);

will add the renko 1 minute series.

Adding

Add(PeriodType.Minute,5);

will add 5 minute data series for both renko and also for normal candles series too?

Please provide me the input on how to add 5 minute renko please.

Then in that case will I have 4 data series all together.

[NinjaTrader_AlanP]

Hello thenvk,

A renko chart does not take a time input such as 5 minutes, they are non time based. I suggest doing an internet search for Renko Bars.

You could add a 5 minute series and also a renko series, but each are different series and would be added separately and referenced on their own.

The add renko statement would be the same in NT7,

https://ninjatrader.com/support/helpGuides/nt7/?addrenko.htm

Please let us know if you need further assistance.

[thenvk]

Hi @NinjaTrader_AlanP,

Thank you. You have been very helpful. More questions.

1. How can I plot bars/indicators on the chart for the second renko series that I have added?. I am fine not to see the first series too.
2. If I use( Sample code)

if (BarsInProgress ==1) {
EMAfast crossabove EMAslow}

will the system calculate the EMA on the second series or do I need to use it as below code again to calculate ema on second series

if (BarsInProgress ==1) {
EMAfast[1] crossabove EMAslow [1] }

3. Could you please point me to a simple renko chart indicator. I dont see one available in Ninja

Thanks,
Vamsi.

[NinjaTrader_AlanP]

Hello thenvk,

See the following link, under “Using Bars Objects as Input to Indicator Methods”, for passing a secondary series to an indicator.

https://ninjatrader.com/support/helpGuides/nt7/?multi_time_frame__instruments.htm

The following reference sample demonstrates how to set a plot to an indicator series.

https://ninjatrader.com/support/forum/showthread.php?t=3227

From the sample code you provided, EMAFast[1] would refer to 1 bar ago in the EmaFast series, not necessarily a secondary series. The two links I provided above should provide clarity.

For example, to set the EMA of a secondary series to the first plot,

Values[0].Set(EMA(BarsArray[1], Period)[0]);

Renko is a bar type. Indicators you could apply to a renko chart you could apply to a candlestick chart or a bar chart, for example SMA.

Please let us know if you need further assistance.