https://youtu.be/7PVIuBHuSuY
In this video we take a look at the renko optimiser from Quantum Trading and a great example using the GBP/JPY. The issue for any trader when using a renko chart is knowing what brick size to select, but with the renko optimiser this is delivered automatically and for all timeframes delivering the optimal setting at any time during the session. No more guesswork! Now the renko delivers the best setting for you whatever the market whether an index, commodity, stock or currency. And in addition it works beautifully with other indicators in the Quantum range. Here we see the Trend monitor and Trends indicators working together with the renko indicator to deliver all the tools you need to succeed using a non time based chart....
https://youtu.be/bsKIHlKcRjo
In this session with Anna and David of Quantum trading, they focus here on the US markets and in particular the US indices using Quantum Trading indicators and tools for NinjaTrader. Using non time based charts is a popular approach for intraday traders, and in this session they focus on the NQ emini, the futures contract for the Nasdaq 100. The reason non time based charts are so popular is very simple, as they reveal market momentum, something you never see on a time based chart. As the market speeds up and slows down, so this is revealed graphically on the chart itself.
The two charting approaches used here are using renko and tick. Quantum Trading has developed a unique variant of the standard renko indicator and called the renko optimiser, which does exactly what it says. Selecting the optimal brick size is often just a guess, but not with this indicator which delivers the correct renko brick size for all...
https://youtu.be/uqUt3dRh0Xo
In this morning's forex session with Anna and David of Quantum Trading, the session starts with Anna considering some of the fundamental drivers for the British pound, and of course Brexit. Over the next few months we are likely to see increasing volatility as the negotiations reach their conclusion. Whether agreement is reached or not, one thing you can be sure of is that each statement or announcement will send the pound sharply higher or lower across the complex.
The New Zealand dollar was the pair in focus on the NinjaTrader platform bringing together many of the VPA lessons on the faster timeframes, with a decisive move lower signalled across the complex on the currency array and also on the currency strength indicator. One of the key issues for all traders managing the emotional stress created when a market pauses and reverses, in other words from the primary into the secondary trend, before establishing the initial trend once more. Here we...
https://youtu.be/F4kybkhjcrg
Even though the longer term trend for gold remains heavily bearish, there are always opportunities for intraday trading against the dominant trend, and here we are using the renko optimiser along with several other Quantum indicators. The renko optimiser delivers the optimal setting for the brick - no guesswork!!! So you are trading in tune with the market at the optimal brick size for any market and timeframe.
The indicator works by using average true range to deliver the brick size, and for gold this is delivered in cents per ounce. In the video we also consider the Trend Monitor and Trend dots, two great indicators which work so well with the renko chart, helping to keep us in the trend and maximise our profits. Holding a position through a reversal or pullback is immensely difficult and this is what the two indicators working in tandem do together. One works close to the price action, whilst the other steps back and takes...
https://youtu.be/nKQ7QhwxWng
In this morning's session once again we focus on some of the key concepts of support and resistance using the accumulation and distribution indicator for NinjaTrader and the dynamic support and resistance indicator for MT4/5. The AUD/USD provides some good examples from the faster to the slower timeframes as the pair tests a strong level of support in the session on the 60 minute chart.
One of the many trading concepts we also discuss is using multiple timeframes to search out the levels in higher and lower timeframes. Finally we also look at support and resistance from the aspect of overbought and oversold with the currency strength indicator for NinjaTrader....
https://youtu.be/h8RAmPZGqjI
In this morning's forex session we saw a nice move in the Aussie Dollar with some classic volume price analysis lessons when combined with the Quantum Trading indicators. The euro also produced a nice move lower with the renko charts on MT5 leading the way.
The renko charts on MT5 are unique as they allow you to add both standard indicators and the Quantum tools and indicators directly to the chart. The trends indicator and te trend monitor indicator work perfectly with this style of chart as you can see from the euro dollar in the European session just ahead of the London open....
The exciting new renko optimiser for NinjaTrader 7 and NinjaTrader 8 is here. No longer will you have to guess at the optimal setting for a renko chart on NinjaTrader. The renko optimiser indicator does it all for you automatically and with one click of a button, delivering the optimal renko brick size for all markets, instruments and timeframes. The indicator works using average true range or ATR to deleiver the optimal setting during the trading session, ensuring you are always trading at the speed of the market.
By using Average True Range the Renko Optimiser indicator starts by calculating the degree of volatility of the instrument within a given period and timeframe. You may already be familiar with ATR and by using the ATR to determine the brick size, we can eliminate the noise or volatility normally present in a candlestick chart. It is a popular technique used by traders with Renko charts but which is all automated by the...
