Renko Moving Average Filter Regression

• 04/24/2020 at 2:25 PM #127814
  Bard

  Hi,

  I was interested in developing a Renko moving average indicator based on Nicolas’s code here: https://www.prorealcode.com/topic/discussion-re-pure-renko-strategy/page/5/#post-122154
  but with the idea of having different moving average types like the Moving Average Filter Regression: https://www.prorealcode.com/prorealtime-indicators/average-filter-regression/

  It’s just that the AVG line seems a bit jerky and not smooth? Pls see image and yellow average.
  Also how can you add “priceMAperiod” (because it’s part of a “once” statement) to the variables so you can adjust the moving average without having to go into the code and change it from 10 to 100 for example?

  Cheers!

  Renko Average Filter Regression

  //Renko Moving Average Filter Regression ///BoxSize = 100 //Average[N,M](price) //Where M can be set with any of these values, to return the specific moving average calculation: //0 = SMA //1 = EMA //2 = WMA //3 = Wilder // --- parameters // MAType = 0 Series = CustomClose // priceMAperiod = 10 // --- //-----------------------------// // SMA - Simple Moving Average // //-----------------------------// IF MAType = 0 THEN priceMAperiod = MAX(priceMAperiod, 1) AVG = Average[priceMAperiod](Series) ENDIF //----------------------------------// // EMA - Exponential Moving Average // //----------------------------------// IF MAType = 1 THEN priceMAperiod = MAX(priceMAperiod, 1) AVG = ExponentialAverage[priceMAperiod](Series) ENDIF //-------------------------------// // WMA - Weighted Moving Average // //-------------------------------// IF MAType = 2 THEN priceMAperiod = MAX(priceMAperiod, 1) AVG = WeightedAverage[priceMAperiod](Series) ENDIF //------------------------------// // WIMA - Wilder Moving Average // //------------------------------// IF MAType = 3 THEN priceMAperiod = MAX(priceMAperiod, 1) AVG = WilderAverage[priceMAperiod](Series) ENDIF //Boxsize = 100 renkoMax = ROUND(close / boxSize) * boxSize renkoMin = renkoMax - boxSize once usema=1 if usema then once priceMAperiod=10 count=0 sum=0 lastbox=0 for i = 0 to barindex do if renkomax[i]<>lastbox then lastbox=renkomax[i] count=count+1 median=((renkomax[i]+renkomin[i])/2) sum=sum+median if count=priceMAperiod+1 then sum=sum-last last=median break // endif endif next once avg=undefined if last<>last[1] then avg = sum/priceMAperiod endif endif RETURN AVG coloured(255,255,0) style(line, 2) as "Renko Mvg Ave Filter"

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  //Renko Moving Average Filter Regression   ///BoxSize = 100   //Average[N,M](price) //Where M can be set with any of these values, to return the specific moving average calculation:   //0 = SMA //1 = EMA //2 = WMA //3 = Wilder     // --- parameters // MAType = 0 Series = CustomClose // priceMAperiod = 10 // ---   //-----------------------------// // SMA - Simple Moving Average // //-----------------------------//   IF MAType = 0 THEN   priceMAperiod = MAX(priceMAperiod, 1)   AVG = Average[priceMAperiod](Series)   ENDIF   //----------------------------------// // EMA - Exponential Moving Average // //----------------------------------//   IF MAType = 1 THEN   priceMAperiod = MAX(priceMAperiod, 1)   AVG = ExponentialAverage[priceMAperiod](Series)   ENDIF   //-------------------------------// // WMA - Weighted Moving Average // //-------------------------------//   IF MAType = 2 THEN   priceMAperiod = MAX(priceMAperiod, 1)   AVG = WeightedAverage[priceMAperiod](Series)   ENDIF   //------------------------------// // WIMA - Wilder Moving Average // //------------------------------//   IF MAType = 3 THEN   priceMAperiod = MAX(priceMAperiod, 1)   AVG = WilderAverage[priceMAperiod](Series)   ENDIF   //Boxsize = 100 renkoMax = ROUND(close / boxSize) * boxSize renkoMin = renkoMax - boxSize once usema=1 if usema then once priceMAperiod=10 count=0 sum=0 lastbox=0 for i = 0 to barindex do if renkomax[i]<>lastbox then lastbox=renkomax[i] count=count+1 median=((renkomax[i]+renkomin[i])/2) sum=sum+median if count=priceMAperiod+1 then sum=sum-last last=median break // endif endif next once avg=undefined if last<>last[1] then avg = sum/priceMAperiod endif endif   RETURN AVG coloured(255,255,0) style(line, 2) as "Renko Mvg Ave Filter"

   

  

  Bard

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  04/24/2020 at 4:48 PM #127866
  Nicolas

  Ouch! Not that easy!! Renko are not time dependent, so you can’t use a classic period (which is based on normal candlestick) and use it on the custom renko bricks i created in this code…

  I did a simple MA, which is nothing less than an arithmetic average, sum all the price (which here are the renko Close) and divide the sum by the period, easy.

  But if you want to make the same with other types of MA, which have very different kind of calculation, that would involve a very difficult coding. Without array, in v10.3, you should give up now.

  And in v11, even with array, you don’t have to code it, because it is now possible to apply any custom indicator on renko charts.

   

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  Bard

  

  Nicolas

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  04/24/2020 at 8:36 PM #127916
  Bard

  Thanks, glad I didn’t copy and paste and then edit all the different moving average types in anticipation of your “code fix” for the above indicator! Is v11 out yet?

  

  Bard

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  05/06/2020 at 12:25 PM #130216
  Bel

  Shame we can’t put indicators on IG 10.3 versions even though 11 is out already but they seem to do nothing to implement it. I’m interested in the same as Brads as well. Seems other platforms had these options for ages.

   

  Regards,

  Bel.

  

  Bel

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