Renko Moving Average

• 11/20/2021 at 11:55 PM #181959
  MnA

  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

  http://www.prorealcode.com/prorealtime-indicators/median-renko-boxes-on-price/

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

  Thank you

   

  

  MnA

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

  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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  //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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  MnA

  

  robertogozzi

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