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Renko for NT7 for ES


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Renko for NT7 for ES

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  #11 (permalink)
CooperCooper
Austin, TX
 
 
Posts: 6 since Oct 2011
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Thanks. I use 610 ticks charts and find that the 61%, 100%, 138%, etc are best for extentions. What I am trying to find out is if Renko charts are good enough for the ES market as they do not appear to provide entry and exit indications as fast as a tick chart. You do not know when the bar will close (hence what color will it be after close) and since Renko is new t me the proper indicators are still TBD for the ones that work best. I think Renko might be better for slower moving trading vechiles like ETF's and Stocks. What have you found?

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  #12 (permalink)
 cory 
the coin hunter
virginia
 
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CooperCooper View Post
Thanks. I use 610 ticks charts and find that the 61%, 100%, 138%, etc are best for extentions. What I am trying to find out is if Renko charts are good enough for the ES market as they do not appear to provide entry and exit indications as fast as a tick chart. You do not know when the bar will close (hence what color will it be after close) and since Renko is new t me the proper indicators are still TBD for the ones that work best. I think Renko might be better for slower moving trading vechiles like ETF's and Stocks. What have you found?

you have to experiment with each instrument to find the right setting, no one size fits all.

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  #13 (permalink)
 Trafford 
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IRT seem to have really good Renko charts compared to the ones available in Ninja, not sure why Ninja Renko charts are not of the same quality as the ones in IRT. Anyone know the reason for this?

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  #14 (permalink)
 cory 
the coin hunter
virginia
 
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Trafford View Post
IRT seem to have really good Renko charts compared to the ones available in Ninja, not sure why Ninja Renko charts are not of the same quality as the ones in IRT. Anyone know the reason for this?

use better renko (set at 2) + better brick you should see the same chart.

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Last Updated on October 28, 2011


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