Autotrading with Renko Bars

• 09/22/2020 at 1:45 PM #144990
  Léo

  Thank you Nicolas,

  Cf the code below.

  It seems to work well on index but not on currencies – need to figure out why !

  Thank you again.

  Defparam cumulateorders = false // ATR = AverageTrueRange[14](close) Period = 1000 boxsize = average[period](ATR) once topprice = close once bottomprice = close - boxsize if(high > topprice + boxsize*2) THEN topprice = close bottomprice = topprice - boxsize*2 ELSIF (low < bottomprice - boxsize*2) THEN bottomprice = close topprice = bottomprice + boxsize*2 ELSE topprice = topprice bottomprice = bottomprice ENDIF buy at topprice + boxSize stop sellshort at bottomprice - boxSize stop

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  Defparam cumulateorders = false   //   ATR = AverageTrueRange[14](close) Period = 1000 boxsize = average[period](ATR) once topprice = close once bottomprice = close - boxsize if(high > topprice + boxsize*2) THEN topprice = close bottomprice = topprice - boxsize*2 ELSIF (low < bottomprice - boxsize*2) THEN bottomprice = close topprice = bottomprice + boxsize*2 ELSE topprice = topprice bottomprice = bottomprice ENDIF buy at topprice + boxSize stop sellshort at bottomprice - boxSize stop

   

  

  Léo

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  09/23/2020 at 8:27 AM #145040
  Nicolas

  Everything works fine for me, I put the indicator code for you to test the size of the renko boxes on the graph:

  ATR = AverageTrueRange[14](close) Period = 1000 boxsize = average[period](ATR) once topprice = close once bottomprice = close - boxsize if(high > topprice + boxsize*2) THEN topprice = close bottomprice = topprice - boxsize*2 ELSIF (low < bottomprice - boxsize*2) THEN bottomprice = close topprice = bottomprice + boxsize*2 ELSE topprice = topprice bottomprice = bottomprice ENDIF return topprice,bottomprice

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  ATR = AverageTrueRange[14](close) Period = 1000 boxsize = average[period](ATR) once topprice = close once bottomprice = close - boxsize if(high > topprice + boxsize*2) THEN topprice = close bottomprice = topprice - boxsize*2 ELSIF (low < bottomprice - boxsize*2) THEN bottomprice = close topprice = bottomprice + boxsize*2 ELSE topprice = topprice bottomprice = bottomprice ENDIF return topprice,bottomprice

  

  Nicolas

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  09/23/2020 at 8:46 AM #145043
  Léo

  Merci Nicolas !

  I will use the indicator and the code.

  When applying this kind of code to forex should I use the “pipsize” code ?

  Thank you again

  Best regards.

  

  Léo

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  09/23/2020 at 8:57 AM #145045
  Nicolas

  No, because the ATR value is in price and doesn’t need to be converted.

  

  Nicolas

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  09/23/2020 at 9:07 AM #145046
  Léo

  Ok understood !

  Thanks again !

  

  Léo

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  02/22/2021 at 9:38 AM #162307
  Majellan

  Hello Nicolas,

  Thank you for your work on the Renko code.

  Could you show me please how to modify Renko code so that in certain situations, the system only takes Short trades (e.g.) moving averages trending down.

  And in other situations it only takes long trades.

  Thank you.

   

  

  Majellan

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  04/11/2022 at 11:03 PM #191604
  Sterk

  Hoe kan ik de Renko bar formule implementeren in een autotrading formule met een “Call Functie” ?

  How can I implement the Renko bar formula in an autotrading formula with a “Call Function” ?

  

  Sterk

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  04/12/2022 at 12:29 AM #191611
  robertogozzi

  @Sterk

  Only post in the language of the forumthat you are posting in. For example English only in the English speaking forums and French only in the French speaking forums.

  Thank you 🙂

   

  

  robertogozzi

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  04/12/2022 at 9:00 AM #191627
  Sterk

  Nicolas,

  How can I  implement the  “Renko candles with the ATR” into my strategy with a “call function” .

  Thank you in advance.

   

  

  Sterk

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