Ranko FootPrint

[MannyVill]

I’ve been experimenting with Renko charts combined with footprint data, and the results have been very promising. Renko appears to filter out much of the market noise, making the order flow easier to interpret. Instead of reacting to every small fluctuation, the footprint highlights buying and selling activity within cleaner price movements, allowing significant order flow to stand out more clearly. So far, this combination has made it easier to identify meaningful market participation and focus on higher quality trading opportunities. @Maverick thanks for the heads up on this

[MannyVill]

[BillMilton]

I have a love/hate relationship with renko. It’s great when trending, money sink when chopping. Perhaps the missing ingredient is the footprint. But frankly I don’t know what I’m looking at here. Is it showing delta?

[Maverick]

@ fc77 offers a footprint chart that works on every bar type including renko, also tradedevils offers them with accessible plots.

[MannyVill]

the Ranko gives out less noise, a normal footprint gives out more Noice,

[MannyVill]

seems to be working with any bar type ,

[MannyVill]

regular candle

[BillMilton]

Now I understand. For me, the footprint works best when it spans multiple candles, multiples of intended profit range. One small candle is not enough to indicate larger trend.