NexusFi: Find Your Edge


Home Menu

 





Renko Tick Chart-Best Setting


Discussion in Emini and Emicro Index

Updated
    1. trending_up 2,413 views
    2. thumb_up 1 thanks given
    3. group 2 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
 

Renko Tick Chart-Best Setting

 
Antares66
Berlin+Germany
 
Posts: 58 since Jan 2020
Thanks Given: 8
Thanks Received: 41

I´m 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?


Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Better Renko Gaps
The Elite Circle
Deepmoney LLM
Elite Quantitative GenAI/LLM
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Are there any eval firms that allow you to sink to your …
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
24 thanks
The Program
18 thanks
 
 
ShadowFox's Avatar
 ShadowFox 
CO/USA
 
Experience: Intermediate
Platform: TradeStation, Multicharts
Trading: Stocks, Futures
Posts: 129 since Jun 2020
Thanks Given: 70
Thanks Received: 157

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.

Visit my NexusFi Trade Journal
Thanked by:

 



Last Updated on February 3, 2021


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts