MedianRenko Ultimate for cTrader & cAlgo

MedianRenko is a very popular alternative to time based charts. The ultimate renko indicator includes all of the median renko style variations such as mean renko, median renko, turbo renko, better renko, etc. All charting types display wicks and contain reference points (MedianRenko Open, Low, High, Close) for use by other indicators as well as cAlgo robots. Using the available set of inputs listed below, you’ll be able to setup various chart types, such as the ones shown on the screenshot below.

Available Inputs

  • Bar Size (number of pips)
  • Retracement factor (0.01 to 1.00)
  • Symmetrical reversals (Yes / No)
  • Maximum Bars
  • Bullish Bar Color
  • Bearish Bar Color

Examples below show some of the chart types that can be created using the indicator

The indicator is displayed as an overlay and should be attached to 1 minute charts for best historical candle accuracy. All live candles are plotted tick by tick. Referencing the indicator from an cAlgo robot is as simple as referencing other standard cTrader indicators:

//
//  MedianRenko indicator settings
//

public double BarSize = 50;
public double RetracementFactor = 0.5;
public int ShowNumberOfBars = 25;
public bool SymmetricalReversals = true;

//
//  Declare and create an instance of MedianRenko indicator
//

private MedianRenko mr_indi;

protected override void OnStart()
{
    mr_indi = Indicators.GetIndicator(BarSize, RetracementFactor, ShowNumberOfBars, SymmetricalReversals, "Green", "Red");
}

//
//  Start processing...
//
 
protected override void OnTick()
{
    //
    // Example: check if last 2 completed bars are bullish
    //

    bool lastTwoBarsBullish = (mr_indi.Open.Last(1) < mr_indi.Close.Last(1)) && (mr_indi.Open.Last(2) < mr_indi.Close.Last(2));
 
    //
    // Trading logic goes here...
    //
}

The available reference points (Open, Low, High, Close) of each MedianRenko candle also enable you to attach technical studies to your chart. For example you can attach Moving Averages for any of the reference points. In the example below a 21 period EMA of MedianRenko Close is attached to the chart:

MeadianRenko_MA

As mentioned before, the indicator is displayed as an overlay on the m1 chart so, you may want to change the chart to “line chart” and the “Bear Outline” color to black for better clarity.

Please leave me feedback below, if any questions or suggestions for further development.

Download your free 14 day trial version of MedianRenko Ultimate

You can download a free 14 day trial version of the MedianRenko Ultimate indicator for cTrader & cAlgo by submitting the following download request form.


Your Name (required)

Your Email (required)

Median Renko Ultimate for cTrader

$32

One time payment only!

  • License for 1 computer
  • Free support
  • Free updates
  • Zero ongoing charges!

Buy Now
VN:F [1.9.22_1171]
Rating: 10.0/10 (5 votes cast)
MedianRenko Ultimate for cTrader & cAlgo, 10.0 out of 10 based on 5 ratings
Print Friendly

Comments

  1. Nazirul  November 10, 2016

    I’m using Parallel Desktop Windows on my Mac. Every 6 months, I always re-install my Windows. Will I get new license number? If I purchased this indicator license?

    reply
    • admin  November 11, 2016

      You will not need a new license for this. The first one you purchase will continue to work just fine.

      reply
  2. F  December 21, 2016

    Hi

    trying to put in a working cbot template (works with http://ctdn.com/algos/indicators/show/1086)
    received error :
    Crashed in Calculate with NullReferenceException: Object reference not set to an instance of an object.

    reply
    • admin  December 21, 2016

      You need to provide full access rights in your robot (AccessRights = AccessRights.FullAccess), because the indicator requires them to access functions of the .NET framework.
      Failing to do so will block the indicator from initializing and you will have a NULL reference instead of a reference to the median renko indicator.

      reply
  3. Gauer  February 22, 2017

    Hi. I’m interested in purchasing this and the range bars indicator too.

    My concern is that, what if I sell my computer, buy another one, anything can happen, computer burn, I would have to pay again for a product I already had?

    Thanks

    reply
    • admin  February 22, 2017

      Hi, I can guarantee that you will not need to re-purchase the product. You just need to make sure that you retain your original license file(s) and send them to our helpdesk with a replacement request when needed. The procedure is free of charge.

      reply
  4. Oscar  March 1, 2017

    Hi, I can’t see the tail with the MedianRanko bars like in the above example. May I change anything?

    reply
    • Oscar  March 1, 2017

      Update: I can see the tail in IcMarkets cTrader and cAlgo, but not in PepperStone cTrader, ¿?

      reply
      • admin  March 1, 2017

        Please send the settings you are using along with a screenshot of the chart to support at http://azinvest.freshdesk.com

        reply
      • Oscar  March 1, 2017

        Ok, problem solved. You can’t change the Font Size. You must leave it by default.

        reply

Add a Comment


*