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  • Renko-Style Trend

Renko-Style Trend

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Product Description

Top 5 best-selling products loved by traders over the past 3 months:

PANA Kanal - Breakout Hunter - Imbalance Profile Lidar - SpaceGPS Satellite - Multi-Timeframe Fu$ion

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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

    Exceptional Professionalism And Service From Hannah

    If you firmly believe that "the trend is your friend," then you absolutely must try AAA+ Trend Sync - it's a game-changer! I can confidently say that this indicator is my all-time favorite because it delivers results and gets down to business. Trust me, if you don't take its signals seriously, your trading account will suffer. But let me tell you, once I learned to trust every signal that AAA+ Trend Sync offers, the rewards were nothing short of amazing. It's true that you might encounter some challenges during a ranging market, but we all know that markets eventually have to move, and that's when the real magic happens with this indicator. If you're looking to elevate your trading game and maximize your profits, then AAA+ Trend Sync is an absolute must-have in your toolkit. Give it a try and experience the difference for yourself! Wish Hannah and all ninZa.co crew the very best!

  2. product_image Renko-Style Trend $$
    5 5

    Enthusiastic Customer Support Team

    Robin was very helpful and friendly. Robin represents your company very well. I hope to speak with Robin again in the future.

  3. product_image Renko-Style Trend $$
    5 5

    Awesome Indicator and Pi Rocks!

    This is my story, I ordered the Day Range indicator for NIFTY India. To my dismay, it didn't work well as it calculated ranges in ticks. I asked Larry Pi if there was a workaround, and he created a new version with all the choices for range unit: points, ticks, pips. He was with me all through the process, with very short turnaround cycles. So don't hesitate at all to pick what you want! You won't regret.

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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