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SRI (Super Renko Indicator) for Amibroker (AFL)
DOMINATOR
about 15 years ago
Amibroker (AFL)

Rating:
5 / 5 (Votes 2)
Tags:
amibroker, price chart

A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, “renga”. A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount. White bricks are used when the direction of the trend is up, while black bricks are used when the trend is down. This type of chart is very effective for traders to identify key support/resistance levels. Transaction signals are generated when the direction of the trend changes and the bricks alternate colors.

Note on some stock this indicator show the subscript out of range error

Screenshots

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  SetBarsRequired(100000,100000);
//------------------------------------------------------------------+
// Block 1                                                          |
//------------------------------------------------------------------+
  VR=ParamToggle("View Renko","Bricks|Lines/Bars",0);               
  FV=Param("Initial size volatility",0.5,0.001,50,0.001);           
  MV=Param("Method calculation volatility",0,0,2,1);                
  PeriodVol=Param("Period calculation volatility",14,2,100,1);      
  Multiplier=Param("Multiplier volatility",1,0.1,10,0.1);          
  MR=ParamToggle("Method Renko","floating|fixed",1);        
  SG=ParamToggle("Show gap","No|Yes",1);                    
  CG=ParamColor("Colour show gap",11);                    
  MaxBS=Param("Maximum size brick",0,0,10,0.1);            
  MinBS=Param("Minimum size brick",0,0,10,0.1);             
  RenkoUp=ParamColor("Colour Renko upwards",colorBlack);     
  RenkoDown=ParamColor("Colour Renko downwards",colorBlack);
  SB=ParamStyle("View bars",defaultval=styleCandle,mask=maskPrice);   
  color3=ParamColor("Colour bars",colorBlack);
  History=Param("History size",5000,2,BarCount-1,1);             
//------------------------------------------------------------------+
// Block 2                                                          |
//------------------------------------------------------------------+
  i=Max(BarCount-1-History,PeriodVol+1);                            
  r=j=0;                                                            
  direction=0;                                                      
  iGapUp=iGapDown=0;
  rOpen[0]=rHigh[0]=rLow[0]=rClose[0]=jUp=jDown=Open[i];            
//-------------------------------------------------------------------
  switch(MV)
    {
     case 0: Volatility=FV; break;                                  
     case 1: Volatility=ATR(PeriodVol)*Multiplier; break;            
     case 2: Volatility=StDev(Open,PeriodVol)*Multiplier; break;    
    }        
  BrickSize=Volatility[i-1];                                        
//-------------------------------------------------------------------+
// Block 3                                                           |
//-------------------------------------------------------------------+
  while(i<=BarCount-1)
    {
     if(SG==1)
       {
        if(High[i-1]<Low[i])
          {
           iGapUp[i]=1;                                      
          }
          else
          {
           if(Low[i-1]>High[i])
             {
              iGapDown[i]=1;
             }
          }
       }
//-------------------------------------------------------------------
     if(MR==0) 
       {
        BrickSize=Volatility[i-1];
        if(MaxBS>0) {BrickSize=Min(MaxBS,BrickSize);}                
        if(MinBS>0) {BrickSize=Max(MinBS,BrickSize);}               
       }
//------------------------------------------------------------------+
// Block 4                                                          |
//------------------------------------------------------------------+
     if(direction==0)                                                
       {                                                  
        if(Open[i]-rClose[r]>BrickSize)                             
          {                                                
           rClose[r]=rOpen[r]+BrickSize;
           rHigh[r]=rClose[r];
           direction=1;
//-------------------------------------------------------------------
           BrickSize=Volatility[i];
           if(MaxBS>0) {BrickSize=Min(MaxBS,BrickSize);}               
           if(MinBS>0) {BrickSize=Max(MinBS,BrickSize);}
//-------------------------------------------------------------------
           if(iGapUp[i]==1|iGapDown[i]==1)                          
             {
              color[r]=CG;                                          
             }
             else
             {
              color[r]=RenkoUp;                                     
             }
           continue;                                                                                      
          }                                                          
//-------------------------------------------------------------------
          else
          {
           if(rClose[r]-Open[i]>BrickSize)                            
             {
              rClose[r]=rOpen[r]-BrickSize;
              rLow[r]=rClose[r];
              direction=2;
//-------------------------------------------------------------------
              BrickSize=Volatility[i];
              if(MaxBS>0) {BrickSize=Min(MaxBS,BrickSize);}               
              if(MinBS>0) {BrickSize=Max(MinBS,BrickSize);}
//-------------------------------------------------------------------
              if(iGapUp[i]==1|iGapDown[i]==1)
                {
                 color[r]=CG;                                       
                }
                else
                {
                 color[r]=RenkoDown;                                        
                }
              continue;                                        
             }
          }
       }
//------------------------------------------------------------------+
// Block 5                                                          |
//------------------------------------------------------------------+
       else                                                         
       {
        if(direction==1)                                            
          {
           if(rOpen[r]-Open[i]>BrickSize)                                                                    
             {
              r++;
              rOpen[r]=rOpen[r-1];
              rHigh[r]=rOpen[r];
              rClose[r]=rOpen[r]-BrickSize;
              rLow[r]=rClose[r];
              direction=2;
//-------------------------------------------------------------------
              BrickSize=Volatility[i];
              if(MaxBS>0) {BrickSize=Min(MaxBS,BrickSize);}               
              if(MinBS>0) {BrickSize=Max(MinBS,BrickSize);}
//-------------------------------------------------------------------
              if(iGapUp[i]==1|iGapDown[i]==1)
                {
                 color[r]=CG;                                       
                }
                else
                {
                 color[r]=RenkoDown;                                        
                }
              continue;                                                  
             }
//-------------------------------------------------------------------
             else
             {
              while(Open[i]-rClose[r]>BrickSize)       
                {
                 r++;
                 rOpen[r]=rClose[r-1];
                 rLow[r]=rOpen[r];
                 rClose[r]=rOpen[r]+BrickSize;
                 rHigh[r]=rClose[r];
//-------------------------------------------------------------------
                 BrickSize=Volatility[i];
                 if(MaxBS>0) {BrickSize=Min(MaxBS,BrickSize);}               
                 if(MinBS>0) {BrickSize=Max(MinBS,BrickSize);}
//-------------------------------------------------------------------
                 if(iGapUp[i]==1|iGapDown[i]==1)
                   {
                    color[r]=CG;                                       
                   }
                   else
                   {
                    color[r]=RenkoUp;                                        
                   }
                }
             }
          }
//------------------------------------------------------------------+
// Block 6                                                          |
//------------------------------------------------------------------+
          else
          {
           if(direction==2)                                         
             {
              if(Open[i]-rOpen[r]>BrickSize)
                {
                 r++;
                 rOpen[r]=rOpen[r-1];
                 rLow[r]=rOpen[r];
                 rClose[r]=rOpen[r]+BrickSize;
                 rHigh[r]=rClose[r];
                 direction=1;
//-------------------------------------------------------------------
                 BrickSize=Volatility[i];
                 if(MaxBS>0) {BrickSize=Min(MaxBS,BrickSize);}               
                 if(MinBS>0) {BrickSize=Max(MinBS,BrickSize);}
//-------------------------------------------------------------------
                 if(iGapUp[i]==1|iGapDown[i]==1)
                   {
                    color[r]=CG;                                       
                   }
                   else
                   {
                    color[r]=RenkoUp;                                        
                   }
                 continue; 
                }
//-------------------------------------------------------------------
                else
                {
                 while(rClose[r]-Open[i]>BrickSize)                                                       
                   {
                    r++;
                    rOpen[r]=rClose[r-1];
                    rHigh[r]=rOpen[r];
                    rClose[r]=rOpen[r]-BrickSize;
                    rLow[r]=rClose[r];
//-------------------------------------------------------------------
                    BrickSize=Volatility[i];
                    if(MaxBS>0) {BrickSize=Min(MaxBS,BrickSize);}               
                    if(MinBS>0) {BrickSize=Max(MinBS,BrickSize);}
//-------------------------------------------------------------------
                    if(iGapUp[i]==1|iGapDown[i]==1)
                      {
                       color[r]=CG;                                       
                      }
                      else
                      {
                       color[r]=RenkoDown;                                        
                      }
                    }
                }
             }
          }
       }                                                            
//------------------------------------------------------------------+
// Block 7                                                          |
//------------------------------------------------------------------+
     if(VR==1)                                                      
       {
        jOpen[j]=Open[i];
        jHigh[j]=High[i];
        jLow[j]=Low[i];
        jClose[j]=Close[i];
//-------------------------------------------------------------------
        if(direction==1)
          {
           jUp[j]=rClose[r];
           jDown[j]=rOpen[r];
           color2[j]=color[r];
          }
          else
          {
           if(direction==2)
             {
              jUp[j]=rOpen[r];
              jDown[j]=rClose[r];
              color2[j]=color[r];
             }
          }
        j++;
       }                                                                   
     i++;                                                                                        
    }                                                               
//------------------------------------------------------------------+
// Block 8                                                          |
//------------------------------------------------------------------+
  if(VR==1)                                                         
    {
     delta=BarCount-j;
     jOpen=Ref(jOpen,-delta);                                       
     jHigh=Ref(jHigh,-delta);                                       
     jLow=Ref(jLow,-delta);
     jClose=Ref(jClose,-delta);
     jUp=Ref(jUp,-delta);
     jDown=Ref(jDown,-delta);
     color2=Ref(color2,-delta);
     SetChartOptions(0,chartShowArrows|chartShowDates);
     _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
     PlotOHLC(jOpen,jHigh,jLow,jClose,"SRI",color3,SB);                      
     Plot(jUp,"Up",color2,styleThick);                                                
     Plot(jDown,"Down",color2,styleThick);
    }
//-------------------------------------------------------------------
    else                                                            
    { 
     delta=BarCount-1-r;                                             
     rOpen=Ref(rOpen,-delta);                                       
     rHigh=Ref(rHigh,-delta);                                       
     rLow=Ref(rLow,-delta);
     rClose=Ref(rClose,-delta);
     color=Ref(color,-delta);
     PlotOHLC(rOpen,rHigh,rLow,rClose,"SRI",color,styleCandle);     
    }
    

8 comments

1. arbind04
about 15 years ago

not workin error

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2. administrator
about 15 years ago

Read the description i mentioned it there. Is it the same as that one?

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3. walid
almost 15 years ago

no its working just save and change the parameters

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4. aplusads
over 14 years ago

what parameters need to changed

i am using amibroker 5.2

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5. cnbondre
over 14 years ago

Dear,

aplusads,

I changed " Method calculation volatility ", to 1. from parameter window.

It is atleast showing graph!

But don"t know is it a right setting ?????

Will somebody explain it ?

cnb

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6. worldastro
about 13 years ago

but how can use plese explain

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7. sr114
almost 13 years ago

actually SRI is working better but for scrip quote greater than 1000 the diplay is gone and range out os subscript error creeps.

how to rectify this error

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8. pradip_kumar1
about 8 years ago

There is an error in Block # 5. How to fix. What parameters need to change. Pls suggest.

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