We first looked at using renko charts for trading on a series of facebook trades. This video compares our emini russell trades setups on a 360 tick chart with the trades done for the same period using the renko chart.
Renko price charts replace the price bars that are time based or volume based like a tick bar, with price bricks of a predetermined size. This chart type removes the chart noise from smaller insignificant moves, which would be very useful our directional trading strategies and trend following position trading.
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