Renko Chart Day Trading Strategies And Method Training

Welcome to the Renko chart day trading strategies and method training website.  I want to discuss our Renko trading strategies, day trading method trade setups, along with our Renko training program.

After day trading bar charts since 1996, I switched to Renko chart day trading in 2013.  Why make the switch after all the time trading and teaching a different trading method?

As will be explained further in the trading videos, it was related to the clarity that the Renko bricks gave for trading, when compared to the ‘noise’ that often occurred on the tick bar charts that were being traded at the time.

Renko Chart Day Trading Strategies Videos

When you watch the video, especially note the comparison between the tick bar chart and the Renko brick chart, along with the marked trade setups and trades:

  • Tick bar chart irregular and different sized bar
  • Tick bar chart trades based on a chart reverse, followed by a trade entry – the timing could be confusing
  • Renko chart is made of all the same sized bricks
  • Renko method setup and trade entry timing has been a clearer method for the traders in the group to learn

Renko Chart Day Trading Method Strategies Overview

Click Here to Watch Video:  Welcome To Renko Chart Trading 

Renko Day Trading Method Overview

The 4 videos below will give you a further overview and a better understanding of our Renko day trading method strategies.

Renko Day Trading Method Strategies Videos

More specifically these trading videos will discuss:

  • Renko chart and brick construction
  • Trading indicators and how they are used
  • Method trade setups – there are 3 of them
  • Method trade setup filters and how they are used to avoid trading in low odds conditions

When you watch the videos on trade setup filters, especially note the video on filtering for consolidation.  It doesn’t matter what trading method you trade – if you trade inside of consolidation you are likely going to get ‘whipsawed’ and accumulate trading losses.

Here are the links to the Renko chart day trading method overview videos:

  1.  Renko Charts And Indicators
  2.  Renko Trading Method Setups
  3.  Renko Trade Setup Filters
  4.  Renko Trading Filter For Consolidation

Renko Trading Strategies Member Training Videos

I also wanted to include a couple of our Renko strategies member training videos.  These training videos will discuss all aspects of the trading method, along with giving a trade review.

Renko Trading Strategies Training Video1

  • Emini NQ Renko chart trading – start the video with 4 marked circles and ask if these were all method trade setups
  • The answer is yes BUT we hadn’t added our trading prices yet – when we go back to the left and mark the chart for what was a double top high and a double top higher high, all 4 trades were price filtered and avoided losing trades
  • Discussion of price filtering for trade entry and for trade management – a trade was held against a price envelope reverse a brick above support, additionally, there were trade setup filters for momentum and a transition into consolidation
  • Discussion of profit expansion through the previous diagonal, where the trade had a 3:1 risk-reward to next price or the next counter brick

Renko Method Training Video194

 Renko Trading Strategies Training Video2

  • Gold Renko chart trading and review, starting with discussion of price and if/how they are relevant to the right of a vertical line, and then going back to the left to determine where they came from
  • Understand how the price action at these prices on the right side is confirming their continued relevance and that they belonged on the chart as trading prices
  • Trading price importance as a trade setup filter, but also for trade management – price may be a profit target, as well as a hold on retrace before a profit — consider a price extreme reverse that goes up 2 bricks but then retraces 4 ticks – the trade has not been stopped out and there is a double bottom-price hold
  • Price-indicator combination Renko trade setup – any time we have a combination of setup components, we have increased the odds of the trade

Renko Method Trading Training Video191

Renko Member Trading Group

Enjoy these videos, along with the rest of the articles and videos in the Renko Chart Trading Strategies Website; I will be continually adding new content.

If you have any questions or would like more information, email me at

And if I could help you with your Renko chart day trading and you would like to join the member trading group, you can click the link to join below.

As a member, you will receive my trading indicators that have been coded for NinjaTrader and TradeStation.  As well you will get access to all of the method member training videos; there are 2-3 new videos that are done each week.

Join the Renko Member Trading Group

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  1. Hi Barry

    Really enjoyed your videos and am strongly considering becoming a member.

    Question 1: If I subscribed for a couple of months and then stopped would I still have access to the indicators or would they be deactivated?

    Question 2 – can you tell me, or is there a video (I admit I haven’t watched them all!) that describes, what percentage of a position you take at each partial profit point. Maybe a third at partial 1, third at partial 2 and then leave the remaining third to hit stop exit? or 50:30:20? I guess the ratio is down to personal preference / trading style?

    Many thanks

    • Hi Marcus (1) The trading indicators are included with the subscription so deactivated – however, if you still wanted them you would have the opportunity to purchase (2) management is included in the training videos – your question is a function of your trading size but consider trading 2 initial contracts: (a) you would take a partial at a fixed target of 4 bricks (b) you would trail your remainder at a fixed target of 8 bricks or a retract-full brick close under the midline [indicator] or a trade reverse in the other direction.

      Let me know if you have any other questions.

  2. Great trading method but how can I use these indicators for MT4.
    I’ve been using mean renko bars for a while with no filter but this just puts the icing on the cake… How can I use these filter indicators on MT4?

    • Hi Scott – I am sorry but I do not have these indicators coded for MT4. If you wanted to give it a try, NinjaTrader would be your best alternative.

  3. Please allow me to follow up as well…
    As a career college professor–teaching at both “traditional” and online institutions–I agree with all of the positive comments regarding the quality of the teaching material here. It is well thought-out and clearly explained; not easy to do when presenting something as fluid and unpredictable as market price action! Thanks for providing access to the career’s worth of insights you’ve gained; sharing your knowledge is a wonderful way to pay it forward on behalf of all of us!

    • Welcome to our trading group and thank you for your kind words and compliments; I appreciate them. I saw your other comment regarding your membership and your 2 email addresses. I sent your ‘start-up’ information and indicator download + member video access to your Paypal email – let me know if you want me to use the other email instead.


  4. Barry,
    Thank you for the wonderful information and learning on this website.
    I am mainly trading stocks and options using fidelity and trading view charts. After learning about Renko charts I tried them on a trading view free platform. I liked it.
    Question: How do I get these indicators for the tradingview? the only reason I like trading view charts is that it can quickly load in the phone too. is there any other way of getting Renko with these indicators?
    If I have to pay for these indicators then how and where?

    I also tried downloading Ninjatrader but it seems like it only works in windows and not on Mac.
    I am a new trader so very confused and overwhelmed.

    Please help me understand.

    • I am glad to hear you are getting some benefit from the website. I traded futures using tick charts for years and then became interested in Renko charts in 2011. I ended up restructuring my trading method and indicators for them and have continued to use them for day trading since them.

      I am sorry but I have no support for the Tradingview program, so there is no indicator availability for it. Regarding Ninjatrader and a Mac, I am aware that NT cannot be directly downloaded on to it – but I did see the following on the NT website:

      There is no installation file that allows NinjaTrader to be installed directly on a Mac. NinjaTrader runs on the .NET framework which requires a Windows operating system. Ninjatrader can be run on a Mac by either installing Virtual Machine software or Apple Boot Camp to run windows on top of Mac hardware.

      Maybe that would help,

  5. Hi Barry.
    It seems there is no trade room for the group, have you ever considered opening one?

    • Hi David, I actually had a trading room for around 14 years. But I then decided that I wanted to do some different things but still have a teaching site, so I reduced the cost accordingly and changed to video trading method training + trading indicators.

    • For NT, renko bricks with bricks is an addon bar-brick type. I did this a couple of years ago but never really used it and stayed with the classical bricks.

  6. Are the indicators you provide OPEN CODE so that I could integrate them into a Tradestation strategy file? Or are they password protected so we can only have the output and not have any ability to see, modify, and integrate the EasyLanguage code into another trading indicator or strategy?
    Please advise.

  7. Hello Barry,
    Renko bars do look good in hindsight but I always found it very difficult to trade on the right edge……I’m so glad that you have developed a method to trade these fantastic price action bars!
    a) Are the indicators for NT8 as well or only NT7?
    b) Is there any “live” training for members or only through posted videos? I was specifically interested in determination of the “price levels” which are used to filter trades, i.e. what are the different kinds of “price levels” that are used as there can be a multitude (prev day OHLC, current day HL, Dbl Tops/Btms, etc. etc.)
    Looking forward to subscribing soon.

    • I have felt that Renko bricks were just another way of viewing tick data charts but doing so by using price only. I agree with you that trading is best done across the chart -vs- the last right side brick-bar.

      These indicators are definitely for NT8. There is no chatroom at this time, just the trading videos. But those videos do go through the charts-trades brick by brick to discuss them as real-time as possible.

      Price levels are a combination of the outside extreme prices, like a high or low – along with inside price action and/or swing prices like a double top-double bottom and what I think of as shift prices or a support price that breaks and shifts to resistance-resistance that support and shifts to support. Price filters and filtering for consolidation are a big part of the trading videos.

  8. Good day Barry,
    This your Renko set up and the indicators, can they be installed on the mt5? And can they be used for any instrument like forex, stocks, futures, binary and everything? Or are they designed specifically for an instrument? Also, why is it a recurring subscription, and why not a life time software? Just asking.

    • No, these indicators have been coded for ninjatrader and tradestation only. To answer your other questions: (1) I have only traded Renko charts and these indicators on futures, predominantly the British pound, oil, emini dow, or emini Russell (2) this is a recurring subscription because payment is for a training service that includes the trading indicators and not for an indicator purchase.

  9. Hello Barry I found your renko combination of indicators video is very useful. I know about renko little bit & developed AFL to do robo trading in MCX crude oil intraday trading. But to capture the trend I need the additional indicator. You have mentioned about momentem dots green / red. But i could not find the same in MT4 chart. can you suggest me where can i get ?

    • Balaji, the renko indicators have been developed for our method and are accessed by members of our training group. These indicators have been coded for ninjatrader and tradestation but sorry, they are not available for MT4.

  10. Barry, great site and lots of good training material – A class!
    I started researching Renko charts before I found your site. I like the fact that Renko is price based (not time based) and helps in the reduction of noise. I’m new to trading so all your material is good for my study and then for possible implementation.
    I would like your response on a couple of things as related to your training materials. Some background:
    1) I’m not a day trader, so classify me more as a swing trader (days – weeks) that would act on chart closing prices. It seems I would focus on swings (pull backs within the trend) and also breakouts.
    2) The amount of info you present is over whelming, but good. Given my trading orientation, could you give me a list or map of applicable training videos (I have only reviewed 3 videos). I believe your materials could be applicable or with some modifications to swing trade.
    3) Have you ever traded Renko 20/50 EMA crossovers?
    So I’m ready to start your training on Renko charts. Just to let you know I’m no expert, so you can tell me if I’m all wet on my ideas and approach! But I sure like what I see of Renko.
    Regards, Robert Schoo.

    • Hi Robert, thanks for contacting me and the words you had about the depth of the materials on the site; I appreciate it.

      I agree that there are benefits for using a Renko chart in day trading, and yes for position trading too, which seems to be your preference – that being said, I do both of these but try to do so using the same method basics as much as possible.

      I also received your email and will reply to you at greater length,

  11. Hi Barry,

    I’m new to this forum and trying to create a strategy that would work for day trading.
    I use Metatrader for charting and would like to know if you have any indicator for MT4/MT5.Thanks

    • Hi Kumar,

      No, I only have coded the indicators for NinjaTrader and TradeStation. I could only suggest that you use NinjaTrader for charting, which you can download for free – and then do your actual trades using the platform you are using now.

    • These indicators come as part of subscribing to the membership group…

      As a member you will receive my trading indicators that have been coded for NinjaTrader and TradeStation. As well you will get access to all of the method member training videos; there are 2-3 new videos that are done each week.

  12. Something else that I forgot to mention. You might also want to look at the NQ for another index to trade – and I actually having been trading gold or oil more now than an index. The point is to have more than one contract to trade and pick the one that is moving the most and giving the best setups, instead of being locked into only 1 — I would suggest that regardless of the method that was being traded.

  13. Trying to turn my YM trading around. Just cannot find a strategy that works.
    Using TOS not Ninja.
    Any suggestions to get me in the right direction?

    • Hi Mark,

      I would say that in all my years of trading, the renko trading method has been the clearest to teach and it has worked well. Have you looked at NinjaTrader? You can use their charting program for free [plus the cost of data]. And you could still do your trading in TOS if that is what you would choose to do.

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