Renko Charts

[solfest]

Anyone have any experience with Renko Charts?

I would like to hear any opinions or trading ideas with them.

Thanks

Copy of Renko Chart here: http://tradingcrude.blogspot.com/2008/08/crude-oil-renko-chart.html

 

[konviction]

bump. I'm getting interested in these as well. Seems they do a great job of filtering out noise.

 

[maxpi]

I watched Renko bars form in realtime. They can form and then be taken back!! What you see in history looks beautiful but watching them form, you realize it's pretty ugly...

 

[hermit_trader]

Quote from maxpi:

I watched Renko bars form in realtime. They can form and then be taken back!! What you see in history looks beautiful but watching them form, you realize it's pretty ugly...

this is what I want to say

They can form and then be taken back!!!!!!!!!! very ugly!!!!!!!!!!!!

 

[r.risto]

by my knowledge renko bar will be final when the time period is over

example time frame 5 min
10:06 bar is final
10:11 bar is final

10:04 bar is not final and can be taken back