Nova Wynd RK

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

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

Nova Wynd RK is an optimized rendition of the Nova Wynd 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 Nova Wynd RK harmoniously align with the step-like movements of ninZaRenko or KingRenko$ bars. This modification is crucial for tailoring Nova Wynd to the unique characteristics of renko bars, thus enhancing its performance on ninZaRenko and KingRenko$.

With the above-mentioned tweaks, Nova Wynd RK enables you to accurately assess how many adverse bars a prevailing trend can withstand. The default Trailing Stop setting for Nova Wynd 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.

Nova Wynd 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
…
Media

Software Changelog

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).