This post is a video post on the Optimized Renko Study that has just been released. This study lets you change your current chart to a Renko chart with the most effective brick size, with just the click of a button! You can get the study here

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Update (not in video)

For the Flex Renko chart type, there is now two ways to set the Flex Renko Trend Offset. One is fixed and the second one is using the calculation BrickSize - n; the n-value can be set.


About the author

Frederik creates #SOLID automated trading strategies and indicators for the Sierra Chart trading platform, helping serious traders worldwide with consistent trading performance.


Comment

  • When setting up to do the Flex Renko is it possible to set the Flex Renko Trend Offset as a function of the optimized bar size? A popular pattern to use is bar size – 1.

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