Consistent Renko Bars Type NT8 download
Add-on for NinjaTrader 8 Trading Platform.
cRenko (Consistent Renko) Bars Type is a volatility-based bars type built upon intraday tick data.
The building of the cRenko bars is based on a combined concept of the two Range and dtReversal Bars Types.
Thus, there is no time component in such bars type.
A bar continues the direction of the previous bar when price moves more than 'Trend ticks' from the Close price of the prior bar in the same direction. A reversal occurs if the price moves more than 'Reversal ticks' from the Close price of the prior bar in the opposite direction of the bar. Thus the forming cRenko bar will continue to develop until it exceeds the 'Trend ticks' in trend direction or 'Reversal ticks' in opposite direction.
Note: cRenko bars type utilizes BarsPeriodType enum "slot" #2020. This info might be useful for experienced users who use other custom bars types which could interfere with cRenko.