2 years ago
The Volatility Renko is an advanced Renko base BarType working on NinjaTrader 8, which filters the noise of the market and eliminate Phantom bars to get a simple chart to read and analyze. Noise filtering is performed at both price and time.
It is initially based on a “Renko” construction, to get smoother charts, but keep the real OHLC values so you don’t loose relevant information.
The Backtest Mode allows you to backtest strategies with this bar type, contrary to standard renko or range bar types.
The Rectangle Pattern
Double and Triple Pattern
The Cup with Handle Pattern
The Head-and-Shoulders Pattern