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  • Renko-Style Trend

Renko-Style Trend

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Regular Price $296 Special Price $178

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Product Description

Are you a fan of Fibonacci, but don't have time to draw manually?
Check out our latest product, with a super cool offer! 

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).

Product Media

These media materials may have been recorded/captured in favorable markets. Please review our acceptable marketing practices.

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From very happy customers... 500+ reviews →
  1. product_image Renko-Style Trend $$
    5 5

    Positive Feedback For Hannah's Professionalism And Helpfulness In Guiding A Purchase

    Hannah was professional and very helpful. She guided my purchase all the way responding to my questions. Thank you Hannah.

  2. product_image Renko-Style Trend $$
    5 5

    Unmatched support

    I had issues with one of the indicators that I bought from ninZa.co and Larry Pi fixed it at blazing speed. Not only that he helped me with programming questions to incorporating the indicators into strategy. Great Work!!

  3. product_image Renko-Style Trend $$
    5 5

    Good Product: Superior Bollinger

    I had some questions during the installation of Superior Bollinger indicator and Pi was quick to reply to my distress call and was able to walk me through getting everything up and running. The indicator works great!

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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