Renko-Style Trend

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Regular Price $296 Special Price $178

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Product Description

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).

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  1. product_image Renko-Style Trend $$
    5 5

    Impressive Indicators And Unparalleled Customer Support

    A Testimonial ninZa.co indicators for NinjaTrader 8 is a company set apart from many indicator companies I have purchased from over the years. ninza.co indicators are well thought out and fully customizable, and function as advertised. However what sets ninZa.co way above all other indicator companies I have dealt with in the past is ninZa.co’s customer support. Especially agent Robin, who every time goes above and beyond with speed, knowledge and professionalism to handle the inquire to the best possible conclusion. Discounts on new indicators, exchanging ones that didn’t quite fit my system, or just technical support info on use; Robin it very fast and thorough while maintaining a happy to help attitude. Highly recommend this company! Thank you Robin

  2. product_image Renko-Style Trend $$
    5 5

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    Your programming work amazes me. All selections in EOB Ordering work as shown in your demonstration video. The detail and selections packed into MA Crossover are truly amazing. This is true of all your indicators. I am impressed enough that I hope to eventually do the "Just EVERYTHING" combo.

  3. product_image Renko-Style Trend $$
    5 5

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    Had Pi build a program that would instantly plot ALL the lines on my chart from having all the lines prices listed in ONE TEXT FILE on my computer. It worked freakin great - it has worked perfectly all these days. Massively sped up my putting the levels on a chart :) AND the horizontal lines are not selectable by the mouse - so I do not accidentally select them throughout the day like before. Excellent and Thanks again Pi! :) Cheers!

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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