Custom chart types for the NinjaTrader 7 platform
PointO bars (a.k.a. Side by side renkos) for NinjaTrader 7
Charts very similar looking to classic renko bricks, however for a reversal bar to form only a 100% retracement is needed.
The charts are accessible via Data Series by choosing AZInvest PointO type which offers a single user definable setting – Brick Size – a parameter that defines the size of the candle body expressed in ticks.
PointO add-in uses “PeriodType.Custom7” in NinjaTrader. If this collides with other products already installed in your NinjaTrader terminal, please let our support team know and we’ll provide you with the plug-in using a different period type.
Median Renko Ultimate for NinjaTrader 7
The plug-in empowers you with a fully customizable bar type for your NnjaTrader.
Depending on the values you set for the Bar type, Bar size and Retracement parameters, you can create many different styles of charts:
- Standard Median Renko charts,
- Turbo Renko style accelerated chart,
- Turbo Renko style chart with additional price action smoothing,
- Hybrid Renko style charts with asymmetrical reversals,
- and even a standard vanilla Renko chart with wicks
All charts ensure session constancy (Open, High, Low and Close values are consistent with the daily candle values). Below, you’ll find some examples of these chart types and the settings used to create them:
The charts are accessible via Data Series by choosing AZInvest Median Renko type which offers the following user definable settings:
Bar type – This parameter defines the bar type and there are 3 values to choose from
1 – Bar type with symmetrical reversals, plus trend continuation or reversal happens when price hits or exceeds the calculated next bar threshold level
2 – Bar type with symmetrical reversals, plus trend continuation or reversal happens only if price exceeds the calculated next bar threshold level. This bar type offers extra noise filtration when compared to bar type 1
3 – Bar type with asymmetrical reversals.
Brick Size – This parameter defines the size of the candle body expressed in ticks.
Retracement factor – This parameter can be set to a value of 1 to 100 % and defines the offset of the new bar’s opening price in relation to the close of the previous bar. A setting of 100% will create a vanilla Renko chart with wicks.
The add-in uses “PeriodType.Custom6” in NinjaTrader. If this collides with other products already installed in your NinjaTrader terminal, please let our support team know and we’ll provide you with the plug-in using a different period type.
Plug-in installation on Ninja Trader 7
Plug-in installation on NT7 is a very simple and straightforward process.
From NinjaTrader, you need to choose File/Utilities/Import NinjaScript… and select the plug-in ZIP file you’ve downloaded.
Next, you need to restart your Ninja Trader and the imported bar type will be available under Data Series (not indicators or strategies).