Trading with Renko Bars

Discussion in 'Technical Analysis' started by John9999, Jun 5, 2018.

  1. wartrace

    wartrace

    I use a renko footprint chart for trading along with other time frames for screening direction. I find it much more useful than time based charts. To each his own. :)
    Since I trade a smaller time frame the renko seems to be the best chart for me. Adding the footprint to it allows me to see imbalance clearer.
     
    #11     Jun 6, 2018
    John9999 likes this.
  2. Been awhile, but don't you have to adjust the brick size depending on the Price and Volatility of the underlying?

    If I recall correctly, that's the issue I had when I tried Renko some years ago. I can't quickly go from one Instrument to another without compensating for the change and you have to get a grasp of what the "proper" brick size is for each.

    I haven't a platform running at the moment so I'm relying on my memory; sorry if this is inaccurate.
     
    #12     Jun 9, 2018
  3. Bekim

    Bekim

    Everything looks good in hindsight. I haven’t found anything better then a candlestick chart with a couple moving averages
     
    #13     Jun 9, 2018