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Are you still using Renko bars? I found a lot of value in them in general, but was too accustomed to volume bars for my large chart to make the switch. I was very excited about them in the beginning but there were a too few many times where the extra lag was too much.
Maybe I was not using them in the best manner -- placing them on my biggest chart. Maybe due to their extreme noise reduction + a big chart is not the best combination. Something to consider.
Mike,
No. Gave up on them. Noise reduction was the temptress there, but I didn't like not knowing where price was at any given time. I developed the Holy Grail system (I'm sure you've been keeping up on the thread. Made some enhancements, Rjay made / suggested some today, which I implemented & posted to the thread along with the chart template. Working quite well. Probably won't return to Renko, but I was intrigued by it.
After all, it's what you learn AFTER you know it all, that counts!
Thanks for the update. Renko shouldn't be used as your only bar type, you should always have multiple time frames/charts open and. Just like Heiken Ashi bars have value, but can't reliably be used to determine price hi/lo on a certain bar and would require a unaltered bar type of some sort.