Renko style for tradingsystem

MRTWEEK · 2020-03-13T11:40:32+00:00

Hello everyone! I am new to the platform and new to the forum, I have however been looking through a lot of posts and have to say that this is a great community! 🙂 I am new to coding but have a decent understanding to what I am after. So to my understanding the RENKO style for charts is quite new at this point and I can’t seem to find any useful information of how to build a tradingsystem based on this style.. Do I first have to code the indicator to later build my strategy upon said indicator or is there a way to build the system directly on top of the RENKO style? When I try basic codes in the system the backtesting jumps straight to the candlestick chart, is there something Im missing or a special set of commands to use for the renkostyle? Thank you in advance and please let me know if my question is unclear 🙂

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03/13/2020 at 12:40 PM #122057 quote

MRTWEEK
Participant

New

Hello everyone!

I am new to the platform and new to the forum, I have however been looking through a lot of posts and have to say that this is a great community! 🙂

I am new to coding but have a decent understanding to what I am after.

So to my understanding the RENKO style for charts is quite new at this point and I can’t seem to find any useful information of how to build a tradingsystem based on this style..

Do I first have to code the indicator to later build my strategy upon said indicator or is there a way to build the system directly on top of the RENKO style?

When I try basic codes in the system the backtesting jumps straight to the candlestick chart, is there something Im missing or a special set of commands to use for the renkostyle?

Thank you in advance and please let me know if my question is unclear 🙂

03/13/2020 at 3:25 PM #122072 quote

Nicolas
Keymaster

Legend

As for now, you can’t use renko bars in automatic trading in real time. You have to use of the indicator around that simulate the renko bars in order to create your own trading system with that kind of price representation.

You can start by browsing these codes:

https://www.prorealcode.com/tag/renko/

https://www.prorealcode.com/topics-tag/renko/

03/13/2020 at 10:25 PM #122099 quote

MRTWEEK
Participant

New

Hello Nicolas!

Thank you so much, I have found a few pointers which led me further to my goals through the links you sent! 🙂
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