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Not sure exactly how you're looking to display the volume, but with a good zigzag/swing indicator like the Price Action Swing Pro or the Zombie Zig Zag you can display volume for each leg on a renko chart. Helpful for gauging participation in pullbacks/reversals.
Hello Emmet,
I believe there isn't any volume indicator for Renko charts. Renko blocks are a way to interpret the price of an asset, originating from Japan, which provides an alternative view of price action based solely on traded price. Each block will form with a certain number of ticks, pips, or points determined by the user, taking into account the trading style they wish to employ. Therefore, in this type of chart, the volume component is eliminated, as well as the commonly used time frame. I believe (and it's always an opinion, which could be wrong) that volume can be used with volume profile or order flow VWAP.
Regards.
Miesto
Monte Carlo, Monaco
Legendary Market Wizard
Experience: Advanced
Platform: NinjaTrader 8
Broker: NinjaTrader Brokerage
Trading: Futures
Posts: 647 since May 2012
Thanks Given: 801
Thanks Received: 1,193
You can use the standard NinjaTrader VolumeUpDown indicator or a zigzag/swing indicator like PriceActionSwing as stated earlier (for wave volume).
