UniRenko Chart Bars

Here is the definition of a UniRenko Bar. I have built an entire system based on these bars and it would great if Topstep would include these

• It uses a high or low of a bar as a reference point to start a new bar, similar to conventional Renko bars.

• The difference is that UniRenko bars use a fixed price increment (e.g., 50 points) to determine when a new bar is formed, rather than a fixed time interval.

• When the market moves up or down by the fixed price increment, a new bar is formed.

• The open of the new bar is placed at the close of the previous bar, plus or minus the fixed price increment, depending on the direction of the price movement.

• The offset parameter can be adjusted to change the number of ticks from the close of the previous bar where the fake open is placed.

Here's a simple example to illustrate this:

• Suppose you're using a UniRenko bar with a fixed price increment of 50 points.

• The previous bar closed at 100.00.

• The market then moves up 50 points to 150.00.

• A new UniRenko bar is formed, with an open at 150.00 (which is the close of the previous bar, plus the fixed price increment of 50 points).