Renko Tick Chart-Best Setting - futures io
futures io futures trading

Renko Tick Chart-Best Setting

Discussion in Emini and Emicro Index

    1. trending_up 313 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 1 posts
    2. attach_file 0 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

Search this Thread

Renko Tick Chart-Best Setting

(login for full post details)
  #1 (permalink)
Posts: 29 since Jan 2020
Thanks: 5 given, 17 received

Im just testing some renko chart settings on the MNQ. What would be the best tick size setting for daytrading, not scalping? 20 ticks would be 5 points. This seems to be to large because from the last positve brick to the next negative it would be 10 points difference before the negative brick appears. I found 12 ticks=3 points best. What is your opinion?
Does someone combine renko tick charts with moving averages or keltner channels?

Reply With Quote

Journal Challenge February 2021 results (so far):
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(154 thanks from 29 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(111 thanks from 32 posts)
looks_3Wisdom is Emptinessby Mtype
(68 thanks from 25 posts)
looks_4Deetees DAX Trading Journal (time based)by Deetee
(31 thanks from 16 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)
(login for full post details)
  #2 (permalink)
Experience: Intermediate
Platform: TradeStation
Trading: Stocks, Futures
Posts: 37 since Jun 2020
Thanks: 28 given, 24 received

I like 5 pt mean for NQ. So 2.5 pts to build a new bar, potential 10 points to reverse a bar (7.5 if no wick lower than the previous bar). I don't use MA for entry but do use them for filtering if the trade is on my side. Support/resistance, supply/demand zones, and trendlines are my preferred entry method. I also use ranges to filter and momentum to identify springs or up thrusts. I use renko mainly for confirming order entry while in confluence with higher timeframe bar charts.

Reply With Quote

futures io Trading Community Traders Hideout Emini and Emicro Index > Renko Tick Chart-Best Setting

Last Updated on February 3, 2021

Upcoming Webinars and Events

NinjaTrader Indicator Challenge!


Journal Challenge w/$1500 prizes from Topstep!


Identifying Setups & Targets Using Profile Charts w/Trevor & Tradovate

Feb 25

Battlestations! Show us your trading desk - $1,500 in prizes!


Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts