|
renko bars are great for filtering noise and keeping you in a longer term trend but as with any form of sampling you are sacrificing signal fidelity and low latency for smoothness so be careful when selecting your sampling frequency (range).
i have a futures strategy which uses roonius' implementation of renko bars with great success ( btw thanks roonius :P )
i find that renko is counterproductive on forex however where there is much more noise, you have to take on too much lag to filter most of it out and then you also miss out on the 'tradeable noise'
on forex i like 'point original' bars, which are basically just range bars without the extra spacing ticks in between.
|