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I am a Renko bar fiend; I have used regular Renko, SBS, and Better Renko. I think they are all good but when I came across our own RJay’s site to check out his volume stuff, I stumbled across his Hybrid Renko Bars. I will never bash a vendor because half the time it doesn’t work out it’s my fault anyway and I have always thought if you don’t have anything nice to say, why say anything at all (and who wants to battle w/ the vendors and/or get sued anyway)? I have to give these Hybrid Renko Bars a huge thumbs up. They do a great job of wiping out the noise, they print clean, it doesn’t take my charts forever to load up, and they will survive and print correctly even during the oil inventory report (CL). I bought the bars before he was even offering a trial; the $150.00 I spent was well worth it. I like this product a lot. Just my two cents. Attached is a 4 & 8 tick; I prefer the 8 personally.
The following 7 users say Thank You to Rayzor for this post:
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Care to explain the differences between this bar type and the other ones available on futures.io (formerly BMT)?
Mike
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Here are some screen shots, a picture is worth a thousand words, at least to an ape like me (I am a lousy writer ) I figured I would throw up some screen shots minus my indicators and just let you an others draw your own conclusion. I just really like the way these things "smooth things out", at least for me. Bottom line, for ME, they are just easier on my eyes and "flow" (as I call it) better. The shots I provided are all from like 8:15 - 15:15 MST, I didn't want to cherry pick a chat. Any questions, please let me know. For me it's a visual thing.
I would have done Median Renko, but I have never been able to get them to work for me.
Last edited by Rayzor; July 16th, 2011 at 06:05 PM.
Reason: Once again, I am abusing the english language and grammar
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Hmm. .thanks for throwing up the chart comparisons. I wasn't even aware RJay had his own site. I shall have to zip over there and take a closer look but these bars of his look more like a cross between Renko and HeikenAshi bars from just looking at your charts, as each of the successive bodies starts painting from about the midpoint of the prior bar, etc.
I will go and have a look.
Randy
The following user says Thank You to randyjb for this post:
but as far as better renko skip all over. that's exactly why I prefer better renko and kase bars. they don't produce phantom bars like normal renkos and range bars. they only plot where a trade actually took place. might not look pretty, but shows the reality.
The following 7 users say Thank You to Silvester17 for this post:
@RJay, Can these Hybrid Renko, and Trend bars be backtested like Better Renko? and do they show the real open and close of each bar or phantom open prices like Heiken Ashi?
I have to give these Hybrid Renko Bars a huge thumbs up. They do a great job of wiping out the noise, they print clean, it doesn’t take my charts forever to 
