In this video, we show you the power of the NinjaTrader Renko indicator for day trading US index futures when used in multiple charts. In this case, a wonderful trend developed and confirmed with both the trend dots and the trend monitor indicators as the reversal moved through the timeframes and developed a superb trend higher. It is trends such as these where profits have to be maximized and using the Renko optimizer in this way is an excellent way to achieve it. The Renko chart is a perfect tool for scalping traders as it smoothes out the price action into even trends higher or lower. In addition, as it is independent of time it reveals momentum which a time-based chart never does. Finally, when used in combination with time-based charts as here it allows us to apply volume price analysis but to trade off the Renko chart, so the perfect blend!
Leave a Reply