UniRenko vs SmartRenko

Discussion in 'Technical Analysis' started by futuristictrader3467, Feb 2, 2021.

  1. Hello everyone,

    Quick intro, I began trading over 10 years ago but found limited success. Back then I primarily used SmartRenko for my charting. I recently got laid off my job and decided to give trading another shot. Upon research I found a new tool called UniRenko, from what I read, it makes the charts far cleaner and provides better entry points. I primarily trade CL and GC, wondering if anyone here has any experience with UniRenko charts?

    Thanks
     
  2. Overnight

    Overnight

    I use a custom Unirenko variant. "Smartrenkos" sound like a custom variant of Unirenkos, so I am sure they are very very similar to what you used to use.
     
    futuristictrader3467 likes this.
  3. Thank you I appreciate it, from what I see the main difference lies in the "tick offset"
     
  4. Overnight

    Overnight

    If you can show a chart of your smartrenko, I can post a chart of the version I use. Say, the lats hour of today's NQ action. It might give a good comparison.
     
  5. ZBZB

    ZBZB

    What platform is this on?
     
  6. upload_2021-2-3_16-24-25.png
    Here is an example of my chart for GC
     
  7. NinjaTrader