Mcx trading with renko bars

trader2014 pls watch for one week next satureday i will give all details.
only watch performance of calls dont trade

ok ., i will follow your post till this week end. waiting for your full post.
Thanks for reply.,

All the best .will watch n wait to learn.

No idea at all about Renko, Please share what TF chart is being tracked in these Renko Charts?

renko is not time based chart. price based chart, candles are measured in bricksize.
brick size 10 means new candle forms after 10 points moviing, time may be one minute or 1 hour no matter only price.
this chart having advantage of noise filtered and easy to follow and indicators works perfectly in this charts

Thanx SC for your time ! I also just read the basics abt Renko on Net!

So we need to have Different size Bricks for different items! Is there any thumb rule to decide the Brick size to be used?

Found this on TJ too :
http://www.traderji.com/advanced-trading-strategies/37171-renko-stochastic-system-metastock.html

yes success of this system depends on brick size. i lost many times by selecting incorrect brick. i have good experience selecting brick size, as we progress all will know well about brick size. dont worry i will tell all those things.
one more time reminding i am giving for mcx only, for nse you have to try yourself
i am practiced more on ninjatrader now i doing on mt4
ninjatrader data problem, no backfill available

Hi sir,
Thanks for starting useful thread.
Is renko similar to heiken ashi except tat ha is time dependent ?

no sir
actual calculations are something like you said but really lot of difference.
principle is simple but practical implication is not straight forward.
thats why it is not popular
each chart settings are different. more complicated and confuse but
after proper setup it is very easy system to use and you can earn max profit.

pls follow me i will guide you most profitable journey.

Really curious to see the Renko charts working ! Thanks SC. :clapping: