Best renko bar generators?

<p id="isPasted">Do not use ATR as your standard Renko brick range. You should use ATR at first only to get the number for your instrument you trade. For example, in forex a non JPY pair like EURUSD for 10 pips per Renko brick would be .001, for a JPY pair like USDJPY it would be .1.</p><p>Entry on Renko bricks should be around important areas of support and resistance, chasing every change in Renko bricks is a sure way to get your account blown.</p><p>If you are going to use a Moving Average, only use one.</p><p>If you have VAP (Volume At Price, also called incorrectly volume profile), use it. It’s going to be very important for Renko trading. In fact, I wouldn’t use Renko without it.</p><p>Shockingly, using Ichimoku is great for Renko trading, just make sure all you have is the cloud, remove the lagging line, conversion line and base line.</p>

<p>Be a accurate as possible, and use numbers that make progression obvious at a glance but encompass all of the data numbers (don't go by 100,000 if the average differences are 300–500 and the data is between 0 &amp; 1500 because differences will not be noticeable, but neither go by 10 as the data will not all fit on the chart).&nbsp;</p>

<p>I use Renko exclusively for day trading. I average 5–7% a week on my account with this method. Honestly I don’t think I've had a single losing week in almost 2 years.</p>

<p>The biggest advantage of a Renko chart is the noise filtering. Also time has no meaning in Renko, hence it ideal for swing traders, Moves are well defined. Patterns like V, M and W, keep repeating in Renko, which form the basis for support and resistance.</p>

<p id="isPasted">When the price is trending, Renko charts provide a simple way to stick with the trend. Don't exit until there is a reversal—a confirmed box of the opposite color.</p><p>Traders can use typical technical analysis to help identify potential turning points or the start of a trend, and then use Renko charts to stick with that trend, or a trader could simply trade based on Renko.</p><p>A new box color equals a potential trend change, so a new position could be initiated. This method can result in lots of losing trades when the price is choppy, but the positive is that the trader will be involved in every big trend that happens.</p><p>For most traders, a fusion of typical technical analysis (on a candlestick chart, or other conventional chart types) coupled with Renko could help traders stick with a big trend when it develops.</p><p>I use Renko only on certain forex pairs that I have found to trend quite well. I then find a box size that allows me to capture the bulk of the price moves, but also minimizes the whipsaw periods. Unfortunately, the whipsaw periods can't be avoided...If the price is oscillating back and forth, so will Renko charts.</p><p>With Renko charts, there is the possibility of always being in the market. When an opposite box color forms, exit the prior trade and enter a new one. The strategy will lose during choppy periods but will always capture the big moves when they happen. As mentioned, this only seems to work with certain box sizes, and some pairs tend to trend better than others.</p>