Renko Bars on Daily Charts ?

[⭐ fryguy1]

Anyway to do this ?

[zoheb]

Right click on the required chart in Ninja Trader and click 'data series'. On the right of the data series settings window, go to 'type' in the period section and select Renko from the drop-down ! Click apply & ok. Edited October 4, 2016 by zoheb

[⭐ fryguy1]

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.

 

[zoheb]

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 October 5, 2016 by zoheb

[shrike]

beware the video is misleading, he is showing renko bricks without tail,imho you can't compare daily chart with renko,renko have no time basis

try yourself opening 1 renko chart ,itìs nice with trend e straight movements ,in choppy markets a lot of false signal