Strategy based on ATR calculated RENKO

• 08/11/2021 at 3:53 PM #175108
  ProRealP

  Hello!

  I’m trying to create a system based on atr calculated renko. I found an indicator in an old thread and tried to use that.

  Defparam cumulateorders = false positionsize = 1 boxsize = AverageTrueRange[14](close) Period = 1000 boxsize = average[period] once topprice = close once bottomprice = close - boxsize if(high > topprice + boxsize*2) THEN topprice = close bottomprice = topprice - boxsize*2 ELSIF (low < bottomprice - boxsize*2) THEN bottomprice = close topprice = bottomprice + boxsize*2 ELSE topprice = topprice bottomprice = bottomprice ENDIF If topprice + boxSize then buy positionsize contracts at market endif If bottomprice - boxSize then sellshort positionsize contracts at market endif

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  Defparam cumulateorders = false positionsize = 1   boxsize = AverageTrueRange[14](close) Period = 1000 boxsize = average[period] once topprice = close once bottomprice = close - boxsize if(high > topprice + boxsize*2) THEN topprice = close bottomprice = topprice - boxsize*2 ELSIF (low < bottomprice - boxsize*2) THEN bottomprice = close topprice = bottomprice + boxsize*2 ELSE topprice = topprice bottomprice = bottomprice ENDIF   If topprice + boxSize then buy positionsize contracts at market endif   If bottomprice - boxSize then sellshort positionsize contracts at market endif

  It works for going long, but won’t sell short, and I can’t figure out why. Any ideas?
  Thanks!

  

  ProRealP

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  08/11/2021 at 5:06 PM #175111
  GraHal

  You appear to have 2 values for boxsize …

   

  boxsize = AverageTrueRange[14](close) Period = 1000 boxsize = average[period]

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  boxsize = AverageTrueRange[14](close) Period = 1000 boxsize = average[period]

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  ProRealP

  

  GraHal

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  08/11/2021 at 6:59 PM #175119
  ProRealP

  Silly me! Too much copy/paste.

  It works now when using the ATR.

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  GraHal

  

  ProRealP

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