Solar Wave RK

Solar Wind RK was renamed Nova Wynd RK due to copyright reasons. To better reflect its full capabilities, it has been rebranded as Solar Wave RK.

This purchase does NOT encompass the KingRenko$ bar, which was showcased in our demo screenshots below. If you’re interested in acquiring both Solar Wave RK & KingRenko$, please get in touch with us for a special discount.

For those who have purchased Solar Wave: Solar Wave RK is a tailored variant of Solar Wave optimized for ninZaRenko & KingRenko$. If you’re still keen on obtaining Solar Wave RK, you’ll be eligible for a 50% discount. Kindly contact us for instructions on how to proceed with your purchase.

Solar Wave RK is an optimized rendition of the Solar Wave indicator.

In this adjustment, we exclude the High & Low prices and solely focus on the Close price in the calculation of the reference price. ninZaATR is also replaced with Tick as the offset unit. As a result, the Trend Vector and Trailing Stop plots of Solar Wave RK harmoniously align with the step-like movements of ninZaRenko or KingRenko$ bars. This modification is crucial for tailoring Solar Wave to the unique characteristics of renko bars, thus enhancing its performance on ninZaRenko and KingRenko$.

With the above-mentioned tweaks, Solar Wave RK enables you to accurately assess how many adverse bars a prevailing trend can withstand. The default Trailing Stop setting for Solar Wave RK is 60 ticks, optimized for ninZaRenko or KingRenko$ 12/4. This configuration ensures that on a ninZaRenko or KingRenko$ 12/4 chart, an uptrend can endure 11 consecutive down bars, and a downtrend can endure 11 consecutive up bars.

Solar Wave RK is suitable not only for professional traders but also for beginners who have an affinity for renko bars and want to embark on their journey into trend trading & market analysis.

Dedicated NinjaScript signals:

• Signal_Trend:
  • 2 = uptrend strong
  • 1 = uptrend weak
  • -1 = downtrend weak
  • -2 = downtrend strong
• Signal_Trade:
  • 3 = uptrend strengthening
  • 2 = uptrend pullback
  • 1 = uptrend start
  • 0 = no signal
  • -1 = downtrend start
  • -2 = downtrend pullback
  • -3 = downtrend strengthening
• Signal_Wave (positive values for an uptrend, negative values for a downtrend):
  • ±1 = wave #1
  • ±2 = wave #2
  • ±3 = wave #3
  • …

Compatibility:

• Instruments: futures, stocks, indices
• Interval types: timebased or non-timebased, standard or custom
• Chart styles: whatever

Usability:

• Ready to use out of the box
• Fully configurable & customizable with ease

Media

Nova Wynd RK

12 photos

Software Changelog

• 20 Mar 2025 – The indicator was renamed from “Nova Wynd RK” to “Solar Wave RK”;
• 14 Oct 2024 – The indicator was renamed from “Solar Wind RK” to “Nova Wynd RK”; toggle was added; “Marker Rendering Method” was added.
• 08 Dec 2022 – The indicator was released (built new).