Wicks on Renko

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bocky
Posts: 5
Joined: 20 Aug 2016 11:26

Wicks on Renko

Post by bocky »

Hi there,

Does anyone knows how to write an indicator that puts wicks on renk charts? I found this on internet, but I can't translate it in express.
Input: HighWickColor (Green);
Input: LowWickColor (Red);
var: IntraBarPersist True_High (0);
var: IntraBarPersist True_Low (0);
var: IntraBarPersist T_High_L (0);
var: IntraBarPersist T_Low_H (0);
var: Brick_Dir (0);

// BRICK DIRECTION
If BarStatus(1) = 2 then begin
If High > Open then Brick_Dir = 1;
If Low < Open then Brick_Dir = -1;
End;
// TRACK THE BRICK HIGH AND THE BRICK LOW
If Brick_Dir = -1 then begin
If Close <= Open[1] and Close >= Open then begin T_High_L = Close; T_Low_H = Close; End;
If Close < Open then begin T_Low_H = Close; T_High_L = Open; End;
If Close > Open[1] then begin T_Low_H = Open[1]; T_High_L = Close; End;
End;
If Brick_Dir = 1 then begin
If Close >= Open[1] and Close <= Open then begin T_High_L = Close;T_Low_H = Close; End;
If Close > Open then begin T_High_L = Close; T_Low_H = Open; End;
If Close < Open[1] then begin T_High_L = Open[1]; T_Low_H = Close; End;
End;
// TRACK THE TRUE HIGH AND THE YRUE LOW
If True_High < High then True_High = High;
If True_Low > Low then True_Low = Low;

Plot1(True_High, "BarHigh",HighWickColor ,0,0);
Plot2(T_High_L , "BarLow ",HighWickColor ,0,0);
Plot3(T_Low_H , "BarHigh",LowWickColor ,0,0);
Plot4(True_Low , "BarLow ",LowWickColor ,0,0);

// RESET
If BarStatus(1) = 2 then begin
True_High = Close;
True_Low = Close;
T_High_L = Close;
T_Low_H = Close;
End;
User avatar
WHS Support
Posts: 2430
Joined: 14 Feb 2013 10:27

Re: Wicks on Renko

Post by WHS Support »

Hello Bocky,

many thanks for your forum entry.
From time to time we help our clients to programm their own Express codes for strategies, signals, stops etc. for NanoTrader.
If we would have done it already, we would send to you or we would explain how to do it.

"Wicks on renko" is really a specialty. In this case, we are afraid that we are currently not able to go deeper into this topic.
Sorry!

Best regards,
Iris

Iris Heinen for WH SelfInvest
bocky
Posts: 5
Joined: 20 Aug 2016 11:26

Re: Wicks on Renko

Post by bocky »

WHS Support wrote:Hello Bocky,

many thanks for your forum entry.
From time to time we help our clients to programm their own Express codes for strategies, signals, stops etc. for NanoTrader.
If we would have done it already, we would send to you or we would explain how to do it.

"Wicks on renko" is really a specialty. In this case, we are afraid that we are currently not able to go deeper into this topic.
Sorry!

Best regards,
Iris

Iris Heinen for WH SelfInvest

Dear Iris,

I saw that Wim Lievens uses renko with wicks in his trading. So it must be already programmed by WHS. Why not make it available for everybody?
User avatar
WHS Support
Posts: 2430
Joined: 14 Feb 2013 10:27

Re: Wicks on Renko

Post by WHS Support »

Dear Bocky,

in this case the best would be to speak with Mr. Lievens directly and ask him what he is using.

Kind regards
Dominic
WHS
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