We use ninZaRenko, which is a simple yet very powerful renko bar developed by ninZa.co – the home of professional NinjaTrader indicators. ninZaRenko is the most popular NinjaTrader renko bar trusted by thousands of traders worldwide, including professional and institutional traders. You can download ninZaRenko for FREE at https://ninza.co/product/ninzarenko We at Renko Kings chose ninZaRenko over the Traditional Renko Bar because ninZaRenko has a “Wick” which is not available on the traditional Renko Bar. ninZaRenko Bars are Customizable for Both the Brick size and the Trending Threshold. This allows us to change our setups for different markets. For example, we will use a different ninZaRenko Set Up for the ES (S&P) vs. the NQ (NASDAQ). The “Wick” also gives us the advantage to identify reversals in the market, the standard Renko Bar does not offer this information.
Renko Charts Eliminate all of the “noise” in the market so you can see where the Market is going…
Which chart is easier to trade?
(Grab & Slide the Arrows Left and Right to see the Chart Clean up)
Renko Bars are just a different way of looking at the market, it is the exact same data on your chart right now displayed in a different format. Renko Bars have a pre-set Fixed Brick Size that plot on your chart with relation to price movement. The next Bar only prints when the price movement exceeds the previous brick size. The benefit is reduced noise and it smoothes out the price action on your chart. Most traders are using Time Based Candles such as the 3min, 5min or 15 minute candle stick. Renko bars are NOT Time Dependent. Renko Bars are Price Dependent Only. What that means is each Renko bar on your chart simply shows the price movement of the market, it does not tell you how long it took to move from Level to Level. Now ask yourself, does it really matter how long it takes for price to go from support to the next resistance level? Who decided that we should only use Time Based Charts? Why were we all taught to start with a 5 minute chart? After a little bit of time of watching a Live Market, you will begin to see that the ninZaRenko that we at Renko Kings use, are superior for identifying potential moves in the market. Compare the charts and decide for yourself which one is clearer and simpler to trade.
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
RISK DISCLAIMER:CFTC RULE 4.41 –
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