Posts Tagged 'renko'

Can Renko charts be an effective tool for scalping?

Scalping, a trading strategy that focuses on profiting from small price movements within a short timeframe, requires precision, quick decision-making, and the ability to identify opportunities in fast-paced markets. Traders have developed and refined numerous strategies to succeed in scalping, and in recent years, Renko charts have emerged as a potentially valuable tool in this pursuit. Renko charts, known for their unique approach to visualizing price action, have gained attention for their ability to filter out noise and provide clearer ...

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Using TickStory lite to run backtests on Range, Renko, MedianRenko and PointO charts with 99% modelling quality

This short post is a quick “how-to” guide aimed at helping you utilize TickStory Lite software to download historical tick data and perform high quality backtests on RangeBars, Renko, MedianRenko, or PoitO charts. In order to prepare the necessary data, you’ll need an MT4 terminal, TickStory, and a custom CSV2FXT script (included in all PRO versions) for the corresponding custom charting plug-in that you wish to use.

When you first download TickStory, you’ll need to configure it ...

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