Renko candles

[Overnight]

Are they effective for intraday trade?View attachment 193964

They can be if you are really good at reading repeating chart patterns, but the raw Renko bars are not good for that.

Pull up a snapshot of a NQ, YM, CL or GC chart with a few hours in it, and we can compare them to those that I have, see which might be easier to read.

 

[El OchoCinco]

Need modified renko with the right settings to get use out of them

 

[TTT]

It's like being in the middle of a battlefield without a bulletproof vest and without a helmet.
It is suicidal.

 

[TTT]

Sometimes I will look for mushrooms and get into places where there are many brambles.
I just want to get out of there.