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Renko Bars on Daily Charts ?


fryguy1

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Hi, I understand the way you mentioned.

 

Looks like the guy below, somehow built a daily chart, but using Renko Bars on it. He talks crazy some, but looks like good signals.

 

 

I don't trade Renko, but do believe they can be very effective. The key to Renko is the settings you use to optimise the way the renko bars get painted.

 

Even I am keen to understand what factors are considered to optimise Renko, I have in the past tweaked the bar body to a number where I can get better directional renko bars with minimum whipsaws, but probably there is more to it..

 

Our moderator TraderBeauty uses Renko regularly and it will be nice (and better) to hear from her, or anyone else who is an expert on Renko. Especially more on the Chart Bar Body Synchronizer & New Bar settings in Renko Spectrum.

Edited by zoheb
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