When trading Futures or options I found that the Normal 1 minute, 5 Minute, Hourly charts are not sufficient or reliable enough to trade with. I discovered Renko charts, Or Brick charts sometimes referred to. These type of Charts filter out the noise and really gives me a clear picture to what is really going on. I do use a few other Indicators for confirmation. without going into to much detail look at the chart below and you can clearly see how effective this chart is. Different futures and Options require different settings but I can really pick my entry's and my exits so much easier with these type of charts.
Yes they can. I have not tried to use them on stocks. Just Futures, Options and SPY.
I stopped using Time candles a while back to day trade with. I much prefer Range Candles.
thank you for your response, perhaps these will help with my view of the move.
Anytime.
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