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lordbinder

Renko Charting on MC or TS

By lordbinder, in Coding Forum

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lordbinder    11

lordbinder
Posted

answering to myself I just found this 2 indicators, but trying to compile on multicharts gets an error

 

TRADESTATION EASYLANGUAGE CODE:

 

{Renko-Adaptive indicator (based on ATR)

Written by konkop 07.03.2002.

*********************

Attention: set MaxBarsBack (f.e. =30) in this study according with

MaxBarsBack value in the Renko_Adaptive strategy

for correct step-by-step calculations of the buy/sell levels

*********************}

 

Inputs: K(1),

Smooth(10);

 

vars:Brick(0) ,DN(0), UP(0), BricksUp(0), BricksDn(0);

 

Value1 = AvgTrueRange(Smooth);

 

If BarNumber = 1 Then Begin

Up = H;

Dn = L;

Brick = K*(H - L);

End;

If BarNumber > 1 then begin

If C > UP + Brick Then begin

BricksUp = IFF(Brick = 0, 0, Floor((C - Up)/Brick)*Brick);

UP = Up + BricksUp;

Brick = K*Value1;

DN = Up - Brick;

BricksDn = 0;

End;

If C < Dn - Brick Then begin

BricksDn = IFF(Brick = 0, 0, Floor((Dn - C)/Brick)*Brick);

Dn = Dn - BricksDn;

Brick = K*Value1;

Up = Dn + Brick;

BricksUp = 0;

End;

End;

 

Plot1(UP, "Up");

Plot2(DN, "Dn");

 

TRADESTATION EASYLANGUAGE SIGNAL:

 

 

{Renko-Adaptive signal (based on ATR)

Written by konkop 07.03.2002.

*********************

Attention: set MaxBarsBack (f.e. =30) in this study according with

MaxBarsBack value in the Renko_Adaptive indicator

for correct step-by-step calculations of the buy/sell levels

*********************}

 

Inputs: K(1),

Smooth(10),

Short(false);

 

vars: Brick(0) ,DN(0), UP(0), BricksUp(0), BricksDn(0);

 

Value1 = AvgTrueRange(Smooth);

 

If BarNumber = 1 Then Begin

Up = H;

Dn = L;

Brick = K*(H-L);

End;

 

If BarNumber > 1 then begin

If C > UP + Brick Then begin

BricksUp = IFF(Brick = 0, 0, Floor((C - Up)/Brick)*Brick);

UP = Up + BricksUp;

Brick = K*Value1;

DN = Up - Brick;

BricksDn = 0;

End;

If C < Dn - Brick Then begin

BricksDn = IFF(Brick = 0, 0, Floor((Dn - C)/Brick)*Brick);

Dn = Dn - BricksDn;

Brick = K*Value1;

Up = Dn + Brick;

BricksUp = 0;

End;

{Trade Rules with or without short trades}

If Short = false then begin

If Up > Up[1] then buy at C;

If Dn < Dn[1] then exitlong at C;

End;

If Short = true then begin

If Up > Up[1] then buy at C;

If Dn < Dn[1] then sell at C;

{If C < Dn[1] then exitlong;

If C > Up[1] then exitshort;}

End;

End;

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sevensa    10

sevensa
Posted

You know one is an indicator and the other a strategy/signal? There are no errors with the Indicator when I compile it.

 

Here is the code for the indicator:

 

{Renko-Adaptive indicator (based on ATR)
Written by konkop 07.03.2002.
*********************
Attention: set MaxBarsBack (f.e. =30) in this study according with
MaxBarsBack value in the Renko_Adaptive strategy
for correct step-by-step calculations of the buy/sell levels
*********************}

Inputs: K(1),
Smooth(10);

vars:Brick(0) ,DN(0), UP(0), BricksUp(0), BricksDn(0);

Value1 = AvgTrueRange(Smooth);

If BarNumber = 1 Then Begin
Up = H;
Dn = L;
Brick = K*(H - L);
End;

If BarNumber > 1 then begin
If C > UP + Brick Then begin
	BricksUp = IFF(Brick = 0, 0, Floor((C - Up)/Brick)*Brick);
	UP = Up + BricksUp;
	Brick = K*Value1;
	DN = Up - Brick;
	BricksDn = 0;
End;

If C < Dn - Brick Then begin
	BricksDn = IFF(Brick = 0, 0, Floor((Dn - C)/Brick)*Brick);
	Dn = Dn - BricksDn;
	Brick = K*Value1;
	Up = Dn + Brick;
	BricksUp = 0;
End;
End;

Plot1(UP, "Up");
Plot2(DN, "Dn");

 

The signal was using "short" as and input name which is a standard word which cause a syntax error. I change that to "ShortTrades". Also "exitlong" is not supported anymore and this is just "sell "now. The "trading rules" section does not make a lot of sense to me, but the code compile now with fixing the above two issues, for what it is worth.

 

{Renko-Adaptive signal (based on ATR)
Written by konkop 07.03.2002.
*********************
Attention: set MaxBarsBack (f.e. =30) in this study according with
MaxBarsBack value in the Renko_Adaptive indicator
for correct step-by-step calculations of the buy/sell levels
*********************}

Inputs: K(1),
Smooth(10),
ShortTrades(false);

vars: Brick(0) ,DN(0), UP(0), BricksUp(0), BricksDn(0);

Value1 = AvgTrueRange(Smooth);

If BarNumber = 1 Then Begin
Up = H;
Dn = L;
Brick = K*(H-L);
End;

If BarNumber > 1 then begin
If C > UP + Brick Then begin
	BricksUp = IFF(Brick = 0, 0, Floor((C - Up)/Brick)*Brick);
	UP = Up + BricksUp;
	Brick = K*Value1;
	DN = Up - Brick;
	BricksDn = 0;
End;

If C < Dn - Brick Then begin
	BricksDn = IFF(Brick = 0, 0, Floor((Dn - C)/Brick)*Brick);
	Dn = Dn - BricksDn;
	Brick = K*Value1;
	Up = Dn + Brick;
	BricksUp = 0;
End;

{Trade Rules with or without short trades}
If ShortTrades = false then begin
	If Up > Up[1] then buy this bar at C;
	If Dn < Dn[1] then sell this bar at C;
End;

If ShortTrades = true then begin
	If Up > Up[1] then buy this bar at C;
	If Dn < Dn[1] then sell this bar at C;
	{If C < Dn[1] then exitlong;
	If C > Up[1] then exitshort;}
End;
End;

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lordbinder    11

lordbinder
Posted

thx I knew the problem was the use of the short but dint know how to solve it. I know its just a signal and an indicator but it was all i could find, there is renko for metatrader esignal and amibroker but couldnt fund any for easylanguage

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thrunner    10

thrunner
Posted
anyone know of a renko charts script for multicharts or tradestation?

Progster & Swisstrader have Renko indicator and strategy for TS. Suri Duddella has them as well, however they all charge a few hundred for them. Unfortunately TS and MC do not support Renko natively. One alternative that is 'free' (advertisement supported) and supports Renko natively is Quotetracker.

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olobay    10

olobay
Posted

Can anybody with EasyLanguage skills program the following code to be always in the market? So when long and the system gets a sell signal, it exits the long position and adds a short position?

 

{Renko-Adaptive signal (based on ATR)
Written by konkop 07.03.2002.
*********************
Attention: set MaxBarsBack (f.e. =30) in this study according with
MaxBarsBack value in the Renko_Adaptive indicator
for correct step-by-step calculations of the buy/sell levels
*********************}

Inputs: K(1),
Smooth(10),
ShortTrades(false);

vars: Brick(0) ,DN(0), UP(0), BricksUp(0), BricksDn(0);

Value1 = AvgTrueRange(Smooth);

If BarNumber = 1 Then Begin
Up = H;
Dn = L;
Brick = K*(H-L);
End;

If BarNumber > 1 then begin
If C > UP + Brick Then begin
	BricksUp = IFF(Brick = 0, 0, Floor((C - Up)/Brick)*Brick);
	UP = Up + BricksUp;
	Brick = K*Value1;
	DN = Up - Brick;
	BricksDn = 0;
End;

If C < Dn - Brick Then begin
	BricksDn = IFF(Brick = 0, 0, Floor((Dn - C)/Brick)*Brick);
	Dn = Dn - BricksDn;
	Brick = K*Value1;
	Up = Dn + Brick;
	BricksUp = 0;
End;

{Trade Rules with or without short trades}
If ShortTrades = false then begin
	If Up > Up[1] then buy this bar at C;
	If Dn < Dn[1] then sell this bar at C;
End;

If ShortTrades = true then begin
	If Up > Up[1] then buy this bar at C;
	If Dn < Dn[1] then sell this bar at C;
	{If C < Dn[1] then exitlong;
	If C > Up[1] then exitshort;}
End;
End;Like  



The Following 3 Users Say Thank You to sevensa For This Useful Post:  
HBBHVN (12-04-2008), lordbinder (08-26-2008) 

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08-26-2008, 08:18 PM - Add Post To Favorites    #4  
lordbinder 



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Re: Renko Charting on MC or TS 

--------------------------------------------------------------------------------

thx I knew the problem was the use of the short but dint know how to solve it. I know its just a signal and an indicator but it was all i could find, there is renko for metatrader esignal and amibroker but couldnt fund any for easylanguage 
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08-27-2008, 10:10 PM - Add Post To Favorites    #5  
thrunner 



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Re: Renko Charting on MC or TS 

--------------------------------------------------------------------------------

Quote:
Originally Posted by lordbinder » 
anyone know of a renko charts script for multicharts or tradestation? 

Progster & Swisstrader have Renko indicator and strategy for TS. Suri Duddella has them as well, however they all charge a few hundred for them. Unfortunately TS and MC do not support Renko natively. One alternative that is 'free' (advertisement supported) and supports Renko natively is Quotetracker. 
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08-27-2008, 11:00 PM - Add Post To Favorites    #6  
lordbinder 



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Re: Renko Charting on MC or TS 

--------------------------------------------------------------------------------

Ill check them, I actually am a client of QT, but I hade a minor delay lately, support solved it a couple of days ago, but the quest for a renko chart on multicharts remains  
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03-31-2009, 11:51 PM - Add Post To Favorites    #7  
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Re: Renko Charting on MC or TS 

--------------------------------------------------------------------------------

The latest version of TS (8.5) has Renko charting. 
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onesmith    10

onesmith
Posted

The changes I made should satisfy your objective to alternate between long and short.

 

{Renko-Adaptive signal (based on ATR)
Written by konkop 07.03.2002.
*********************
Attention: set MaxBarsBack (f.e. =30) in this study according with
MaxBarsBack value in the Renko_Adaptive indicator
for correct step-by-step calculations of the buy/sell levels
*********************}

input: K(1), Smooth(10);
var: Brick(0) ,DN(0), UP(0), BricksUp(0), BricksDn(0);

Value1 = AvgTrueRange(Smooth);

if currentbar=1 then begin
Up = H;
Dn = L;
Brick = K*(H-L);
end else begin
if c>up+brick then begin
	BricksUp = IFF(Brick = 0, 0, Floor((C - Up)/Brick)*Brick);
	UP = Up + BricksUp;
	Brick = K*Value1;
	DN = Up - Brick;
	BricksDn = 0;
end;

if C < Dn - Brick then begin
	BricksDn = IFF(Brick = 0, 0, Floor((Dn - C)/Brick)*Brick);
	Dn = Dn - BricksDn;
	Brick = K*Value1;
	Up = Dn + Brick;
	BricksUp = 0;
end;

if up>up[1] then buy this bar C else if dn<dn[1] then sellshort this bar C;
end;

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