NUMEX Renko Levels
The NUMEX Levels Renko logic on NumexRenko bricks: same rejection and pullback rules, with the Renko settings read straight from the chart.
- Type
- Strategies
- Platform
- NinjaTrader 8
- Deliverable
- .cs file or compiled export
Logic
NUMEX Renko Levels is the version of NUMEX Levels Renko for NumexRenko bricks, the NUMEX bar type. These bricks are built only from real prices: the open is the first traded price, wicks are real, and no brick is invented. Continuation (Trend) and reversal (Reversal) are set separately on the chart.
The level state machine is identical to the one in NUMEX Levels Renko. After a contact, the first reversal brick that closes far enough on the right side triggers the rejection trade; a single close beyond the break threshold confirms the break, which is never traded and flips the level; after a minimum extension, the first pullback that rejects gives the second and last trade of the level for the session.
Three things change. The Trend and Reversal settings are read from the chart instead of being typed in, and the reversal used as the base for the thresholds is the Reversal value itself. Because a NumexRenko brick's open is real and can equal its close, a brick's direction comes from its close compared with the previous close, not from its open. Finally, the session panel can sit at the top centre, leaving the corners free for the NUMEX Renko Flow and NUMEX Pulse panels.
Structural or fixed stop, trailing stop, target in ticks, session guards, Auto or signal-only modes and the CSV log work as in NUMEX Levels Renko.
Features
- Same rules as NUMEX Levels Renko: rejection on the reversal brick, pullback after a confirmed break
- Built for NumexRenko bricks, made only from real prices
- Trend and Reversal settings read from the chart, nothing to copy over
- Brick direction given by its close compared with the previous one
- Trailing stop updated on every brick, fixed target in ticks
- Movable session panel, to sit alongside NUMEX Renko Flow and NUMEX Pulse
- Stays inactive with a clear message if the chart is not NumexRenko
Parameters
- Thresholds as a % of the Reversal (19 ticks on 1/19): contact 10%, rejection 33%, break 67%, extension 150%, re-arm 100%, each one overridable in ticks
- Prefix of the lines read as levels (default: all), fallback prices, max active levels (default 12)
- Structural stop (extreme + 2 ticks) or fixed (20 ticks), trade refused beyond 30 ticks
- Trailing stop (default on, distance 100% of the reversal, from entry)
- Target (default 31 ticks), breakeven and exit after a number of bricks (default off)
- Entry window 18:00–16:50, forced exit at 16:55, New York time
- News pause (default 5 min), max trades per day (default 4), max consecutive losses (default 2), max daily loss (off by default)
- Execution mode: Auto or SignalOnly (default Auto), quantity (default 1)
- Session panel position, text size and offset (default top centre)
Screenshots
Futures trading involves a risk of capital loss. Our tools are decision-support software, not investment advice. Past performance is not indicative of future results.