Tick Renko candles and Simple Renko strategy

[Alexander.Gettinger]

1. View-indicator "Tick Renko candles".

The indicator draws Renko candles based on tick data.

Download:

Tick_Renko_Candles.lua

(8.89 KiB) Downloaded 3140 times

2. Sample of Renko strategy.

The strategy opens/closes orders for each change of direction Renko bars.

Download:

Simple_Renko_Strategy.lua

(12.51 KiB) Downloaded 2451 times

The Strategy was revised and updated on December 18, 2018.

[panos59]

Thanks alot for the renko strategy..however the indicator crashes..

[fjasonfx]

Hey Alex or anybody else that can help me out,
New guy here. I downloaded both the indicator and strategy to FT2 but I cannot find the indicator anywhere. I assume it is on my FT2 since when I try to reload it it ask if I want to replace it. I just can't find it anywhere or I just need to be told how to get it to show on my charts. Also when I try to back test the strategy I keep getting an index out of range error. If anybody here could help me out with that it would be much appreciated.

Thanks,
Jason

[Valeria]

Hi Jason,

To install the extension to Trading Station just drag and drop the downloading link from the web-site to Trading Station or Marketscope. Please watch the video which demonstrates it.
To open the installed view please in Marketscope go to File->Create View and in the Create View dialog box choose Tick_Renko_Candles.

[fjasonfx]

Hey Valeria,
Thanks for the instructions.I was able to get it. I didn't know it was in create view. I'm still not sure about the"index out of range error" I'm getting when I try to back test the strategy. Oh well.

Thanks again,
Jason

[Alextc]

Hello, first congratulations on your work is excellent. I have trouble keeping backtesting, there's only one candle in the history. I get the same message that appears fjasonfx.
Sure there something I'm doing wrong. Can you explain the steps for proper use?
thank you very much

[Alexander.Gettinger]

The strategy has been updated.

[Alexander.Gettinger]

Hey Valeria,
Thanks for the instructions.I was able to get it. I didn't know it was in create view. I'm still not sure about the"index out of range error" I'm getting when I try to back test the strategy. Oh well.

Fixed.

[panos59]

Thanks for the strategy update ! However the indicator still paints one candle ..can you fix it ?
THANKS !!

[Valeria]

Hi panos59,

However the indicator still paints one candle ..can you fix it ?

The history data for tick Renko is very restricted, that is why you get just one brick for the big brick size, say, 10. If brick size equals 1, there are more bricks on the chart. Probably, it is better to use the standard, not tick, Renko view if you want to use big brick size.