Solar Wave RK

Overview

Solar Wind RK became Nova Wynd RK due to copyright restrictions. To better capture its full potential, it now takes on a new name: Solar Wave RK.

Solar Wave RK is a renko-optimized version of the Solar Wave indicator.

In this variant, we eliminate the High & Low prices and only focus on the Close price in the calculation of the reference price. ninZaATR is also replaced by Tick as the unit of offset. Hence, the Trend Vector and Trailing Stop plots of Solar Wave RK perfectly match with the stair-step movements of ninZaRenko or KingRenko$ bars. This is an important adaptation of Solar Wave to special characteristics of renko bars, which improves its performance on ninZaRenko and KingRenko$.

With the important changes noted above, Solar Wave RK allows you to determine exactly how many adverse bars a prevailing trend can tolerate. The default setting of Solar Wave RK is 60 ticks for Trailing Stop, which is optimized for ninZaRenko or KingRenko$ 12/4. This setting guarantees that on a ninZaRenko or KingRenko$ 12/4 chart, an uptrend can tolerate 11 down bars in a row, and a downtrend can tolerate 11 up bars in a row.

Solar Wave RK is perfect for not only pro traders but also beginners who love renko bars and wish to get started with trend trading & market reading.

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
  • …

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Media

Nova Wynd RK

13 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).