Renko - Brick size

[ranga70]

Any guidelines to set the right brick size for futures/options? Renko seems to work very well in trending markets and losing lot of money in side ways market. Any suggestions from the gurus here?

 

[boarders]

1. chart has to be 1 tick chart
2. set range to multiples of tick size...the lower the range the higher the whipsaws.
3. use renko chart for finding trend direction/flat market and use a time based chart to take trades only in the direction of renko trend