So here is a new idea I started working on today that is based on Renko charts. For those of you who don't know (I also only found out about them today!), Renko charts are variable in time and a new bar is only created after a specific amount of price movement. Attached is an example of an extremely simple algorithm that buys or sells after a specified number of up/down movements.
As you can see, it performs relatively well until mid July, and then it starts tanking. Anyway, I'm really excited to experiment more with Renko chart based algorithms.
Jared Broad
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Grant Kot
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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