Renko boxsize in percent?

• 10/20/2020 at 11:20 AM #147885
  Moose

  Hi!

  I’ve been searching for examples of this code but can’t find it.

  In PRT-charts it is possible to get the Renko boxes in % price movements. For example, 0.1 % is set as default. In the examples that I found of automated trading strategies or indicators using Renko, they are all written with a boxsize in pips. I can’t figure out how to code a boxsize in % of price. Is there a friendly soul that knows how and would like to share?

  

  Moose

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  10/20/2020 at 12:29 PM #147893
  Nicolas

  The below code is plotting renko boxes with a dynamic size in percentage of the current Close:

  percent = 0.1 boxsize = close*(percent/100) once renkoMax = ROUND(close / boxSize) * boxSize once renkoMin = renkoMax - boxSize IF close crosses over renkoMax + boxSize THEN WHILE close > renkoMax + boxSize renkoMax = renkoMax + boxSize renkoMin = renkoMin + boxSize iclose = renkomax WEND ELSIF close crosses under renkoMin - boxSize THEN WHILE close < renkoMin - boxSize renkoMax = renkoMax - boxSize renkoMin = renkoMin - boxSize iclose = renkomin WEND ENDIF if iclose=renkomax then r=0 g=255 else r=255 g=0 endif RETURN renkomax coloured(r,g,0) as "UP Box", renkomin coloured(r,g,0) as "DOWN Box"

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  percent = 0.1   boxsize = close*(percent/100)   once renkoMax = ROUND(close / boxSize) * boxSize once renkoMin = renkoMax - boxSize   IF close crosses over renkoMax + boxSize THEN WHILE close > renkoMax + boxSize renkoMax = renkoMax + boxSize renkoMin = renkoMin + boxSize iclose = renkomax WEND ELSIF close crosses under renkoMin - boxSize THEN WHILE close < renkoMin - boxSize renkoMax = renkoMax - boxSize renkoMin = renkoMin - boxSize iclose = renkomin WEND ENDIF   if iclose=renkomax then r=0 g=255 else r=255 g=0 endif     RETURN renkomax coloured(r,g,0) as "UP Box", renkomin coloured(r,g,0) as "DOWN Box"

  Choose the percent value in line 1 by adjusting the “percent” variable.

  If you want the box size to be set only at first bar and therefore fixed for the rest of the history, change the line boxsize with:

  ONCE boxsize = close*(percent/100)

  1	ONCE boxsize = close*(percent/100)

   

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  Moose

  

  Nicolas

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  10/20/2020 at 3:46 PM #147927
  Moose

  Thank you Nicolas! Great code! This have helped me understand the Renko better.

  

  Moose

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