Tag: price volume analysis chart

A powerful combination to trade index futures on NinjaTrader Discover how to trade emini index futures using renko charts and time based charts on NinjaTrader https://youtu.be/Hlhkobf9iYE 00:05 Using Renko with time base charts for momentum 00:05 The speaker discusses their workspace setup, which includes multiple wrinkles and multiple time-based charts, highlighting the powerful combination of using Renko charts alongside traditional time-based charts. They explain that Renko and tick charts provide a sense of momentum that time-based charts alone do not show. The setup involves using multiple time frames simultaneously, such as 15-second, 30-second, and 1-minute charts, with Renko charts aligned to these time frames through a wrinkle optimizer tool. 01:14 Optimal Renko brick size adjustment explained 01:14 The video explains how the optimal Renko brick size is determined dynamically for a trading instrument during a session. Since market speed fluctuates throughout the session, fixed settings like a 150-tick chart can be misleading. Instead, the indicator adjusts the optimal brick size in real time to reflect these changes, allowing for more...