Parameter Reference

RD Renko uses a clean 3-parameter design. All parameters are set in the NinjaTrader Data Series configuration window.

RD Renko (Paid)

Brick size (Value 1)

The number of ticks each renko brick spans. A brick size of 2 on ES (0.25 tick size) means each brick represents 0.50 points.

Reversal size (Value 2)

The number of ticks price must move against the current direction to trigger a reversal. This is completely independent of brick size — you can set any combination.

Examples:

  • Brick = 2, Reversal = 4 — standard 2x ratio
  • Brick = 2, Reversal = 6 — wider reversal for smoother trends
  • Brick = 5, Reversal = 3 — tighter reversal for faster entries

Display mode (Value 3)

Controls how reversal bars are rendered on the chart. See Reversal Modes for detailed visual explanations.

  • Mode 1 (CO-Uni): Close-Open Uniform
  • Mode 2 (CO-Dbl): Close-Open Double
  • Mode 3 (OO-Uni): Open-Open Uniform (default)
RD Renko paid parameter panel in NinjaTrader 8

RD Renko Free

Reversal multiplier (Value 2)

In the free version, reversal is expressed as a multiplier of the brick size rather than an independent tick value.

  • 1x: Reversal = brick size. Every counter-move triggers a reversal.
  • 2x: Reversal = 2 * brick size. Same as stock NinjaTrader renko.
  • 3x: Reversal = 3 * brick size. Larger threshold for smoother charts.
RD Renko Free parameter panel in NinjaTrader 8