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Reversal
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  • Renko-Style Trend
As low as $118 Regular Price $196

Renko-Style Trend

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by Sabila

Solar Wind And Renko-Style Trend Together With Robin's Reliable Support

Thanks, Robin to help me to purchase Solar Wind and Renko-Style Trend. Not only help me but also give me a nice discount. Thanks so much.

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Review
  1. product_image Renko-Style Trend $$
    5 5

    100%

    Thanks, Robin to help me to purchase Solar Wind and Renko-Style Trend. Not only help me but also give me a nice discount. Thanks so much.
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These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

Description

Overview

Renko-Style Trend is a price-based trend indicator that employs the logic with which Renko bars are built. There are 2 parameters to determine trend states and trend shift: "Trend Offset" and "Reversal Offset", which is similar to Renko settings. Let's take an example of Trend Offset and Reversal Offset configured as 2 ninZaATR and 4 ninZaATR, respectively. Then:
  • Every time the market moves at least 2 ninZaATR in the direction of the existing trend, the trend will strengthen with the upper & lower thresholds moved to the next step (in the direction of the trend).
  • If the market moves at least 4 ninZaATR against the existing trend, the trend will reverse.
  • Otherwise, the market will keep moving in a "box" with the upper & lower thresholds unchanged - which is something similar to Darvas boxes.
All threshold meetings are verified by the Close price. The indicator generates "Trend Start" signals when the market enters a new trend and "Trend Strengthening" signals when the existing trend steps up. Bar colorization and background painting can be enabled for you to easily identify trend states.
Dedicated NinjaScript signals:
  • Signal_Trend: 1 = uptrend, -1 = downtrend, 0 = no trend
  • Signal_Trade: 1 = uptrend start, 2 = uptrend strengthening, -1 = downtrend start, -2 = downtrend strengthening, 0 = no trend

Software Changelog

  • 05 Jan 2023 - The indicator was released (build new).

Benefits

  • For just a one-time payment, you will get:

  • PREMIUM product with meticulous dev & design

  • LIFETIME license, without any hidden fees

  • FREE exchange within 15 days

  • FREE world-class support, for life

  • FREE upgrade for NinjaTrader 8, for life

  • FREE access to our self-served licensing system

  • FREE remote assistance if you cannot install yourself


  • Why ninZa.co ???

  • Integrity & reliability

  • 30,000+ users worldwide

  • 150+ indicators & packages

  • 450+ reviews with 5 stars

  • 10 years in the business


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