Renko Moving Average

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11/20/2021 at 11:55 PM #181959 quote

MnA
Participant

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Hello, I m looking for help coding an indicator using Renko closing prices. I want to code a Weighted Moving Average and a Hull Average using closing Renko prices.

Everytime I try, the indicator ignores Renko and instead uses the candlestick closing price not the renko closing price.

The renko code I found already as per below

Median renko boxes on price

Is there anyone who has coded indicators using closing Renko prices?

Thank you

11/23/2021 at 7:05 PM #182148 quote
robertogozzi
Moderator

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You need to make calculations using TopPrice or BottomPrice as a replacement for close:
```
//parameters :
boxsize = 50
once topprice    = close
once bottomprice = close - boxsize*ticksize*2
ONCE RenkoClose     = close
if(close > topprice + boxsize*2) THEN
   topprice    = close
   RenkoClose     = topprice
   bottomprice = (topprice[1] + bottomprice[1])/2
ELSIF (close < bottomprice - boxsize*2) THEN
   bottomprice = close
   RenkoClose     = bottomprice
   topprice    = (topprice[1] + bottomprice[1])/2
ELSE
   topprice    = topprice
   bottomprice = bottomprice
ENDIF
Sma100 = average[100,0](RenkoClose)
RETURN topprice as "box top", bottomprice as "bottom box",Sma100 AS "Sma100"
```
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Renko Moving Average

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MnA @aolvera Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
4 years, 10 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	11/20/2021
Status:	Active
Attachments:	No files

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