Renko with moving average

[laserblues2]

Been reading many posts on this forum but never actually posted before. I used to trade on a dicretionary basis but since leaving my last job and not having access to the 100 companies price data in front of me all day its much harder to make decisions. So I've been using a few different methods to try to come up with something that can give market direction and reasonable buy / sell signals. I realise the exit is also vital....

One of the ideas I'd been playing with was with renko and moving averages however I havent tried trading it yet, but been playing around with a renko chart on the FTSE100 with a 6 point box size, on a 2 day 2 min chart. There are 2 moving averages - one is a fitted one to the renko boxes and the other is a 6 period average with a horizontal shift of 4.

It seems to be fairly good however I realise this will only work on a volatile market.

Do many other people here use renko charts for any part of their decision making??

Thanks

Nick

 

[lordbinder]

I use renko chart por trading the sp 500 eminis, but i use the straight forward renko technique with nothing else

 

[Tradez]

Straight Renko - but I look at daily, weekly, monthly to assess next move (up/down). I do a visual based on historical Renko - for example, if usually about 2-3 (down) Renkos before next move up, then I'll buy. Fractals are good too.

 

[lordbinder]

I prefer to use it as if it was point and figure, when breaks out from a resistance for example

 

[jdrower]

Flex Renko

I trade the NQ. My set-up chart is a 30-21-0 Flex Renko with T3-2 MA and a CCI-30.

Those two indicators are superimposed on my 12-tic NQ chart. The trend of the MA determines the direction of my trades. When the CCI breaks below +100 and above -100 I look for a signal.

That's it.