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How to work with renko bar?


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How to work with renko bar?

  #1 (permalink)
 curleta 
Olivos, Buenos Aires, _Argentina
 
Experience: Intermediate
Platform: ninjatrader
Trading: futures
Posts: 52 since Nov 2014
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Hello guys ...

Any recommendation to use renko?

I use it alone, I'm looking for an indicator that it acts as a filter.


thanks

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  #2 (permalink)
zmm20
Phoenix Arizona
 
Posts: 6 since Apr 2015
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I am also interested in good filters for renko trading. Have looked some at DMI/ADX and also laguerre MA, which both seem promising. I'm new to this, so any help is greatly appreciated!! Thank you in advance.

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  #3 (permalink)
 bjarne 
Breda NL
 
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Did you find a way to trade this renkobars?

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 rocksolid68 
Duluth MN
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bjarne View Post
Did you find a way to trade this renkobars?


There are billions of ways to use them. Unfortunately, most people fail with them. If you think you'd oscillators or moving averages are going to work on renko. You are probably wrong. It always looks good until you do it live: trust me, I've lost thousands because of this.

The only successful person that I know of using renko is @michaelleemoore but he is a bit ahead of most


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