Once the file is downloaded, you can import the strategy into NinjaTader 8 from within the control center by selecting Tools → Import → NinjaScript Add-On and then selecting the downloaded file for NinjaTrader 8.
The renko trading strategy that’s discussed in the article in this issue by John Devcic titled “Using Renko Charts” is available for download at the following links for NinjaTrader 8 and for NinjaTrader 7: The “?” icon will give more information on these functions and their appropriate implementation.įigure 2 shows a year-to-date renko chart of Boeing (BA) using an average true range (ATR) aggregation period. To add these, click on studies → edit studies → strategies and then locate the strategies on the left-hand side and double-click. This can be further added to by using the StopLossLX and StopLoss5X strategies as well. To load a sample of a chart with these strategies, click on or enter this address into “ open shared item” under the setup tab. Thinkorswim users can use ConsBarsUpLE, with the first input set to “2” and the position effect set to “ To Open,” and then use ConsBarsDownSE, with the first entry set to “3” and the position effect set to “ To Close.” Thinkorswim also has two existing strategies that can provide entry and exit points for those wishing to implement Devcic’s strategy described in his article. Thinkorswim has a built-in algorithm to calculate ATR (average true range) for all range bars (including renko) depending on the time interval chosen, as explained in the article. In “Using Renko Charts” in this issue, author John Devcic discusses a trading strategy implemented on renko charts. No type of trading or investment recommendation, advice, or strategy is being made, given, or in any manner provided by TradeStation Securities or its affiliates. This article is for informational purposes. The filename is “TASC_DEC2019.ZIP.”įor more information about EasyLanguage in general, please see. The files for this article can be found here. To download the EasyLanguage code, please visit our TradeStation and EasyLanguage support forum.
CurrentShares >= DollarStopAmtPerShare ) thenīuyToCover ("Trail SX") this bar on Close If ( ( MaxPositionProfit - OpenPositionProfit ) If SequenceCount >= NumBricksForEntry then Shown here is a renko chart of TSLA with the trading strategy applied.
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