Renko Trend
Following

Renko bricks filter noise by only printing when price moves a fixed amount. Trade color changes with trend confirmation for clean entries.

RenkoNon-Time Based3:1 R:RConservative
Deploy This Strategy See Rules

Rules & Configuration

The full rule set, required indicators, suggested configuration, execution flow, and performance parameters for the Renko Trend Following setup.

Renko bricks filter noise by only printing when price moves a fixed amount. Trade color changes with trend confirmation for clean entries.

Indicators Used
Renko ChartEMA 10 (on Renko)Stochastic (5,3,3)
Rules
📈 Long Entry
  • Two consecutive green Renko bricks after a red sequence
  • Price above EMA 10 on the Renko chart
  • Stochastic crossing up from oversold (<20)
  • Stop Loss: Below the last red brick
📉 Exit Rules
  • First red brick after 5+ green bricks
  • Or price closes below Renko EMA 10
  • Or stochastic reaches overbought (>80) and turns down
💡 Pro Tip

Set your Renko brick size to the 14-period ATR on the daily chart. This dynamically adjusts to current volatility.

Common questions

What is the Renko Trend Following strategy?

Renko bricks filter noise by only printing when price moves a fixed amount. Trade color changes with trend confirmation for clean entries.

What's the pro tip for trading Renko Trend Following?

Set your Renko brick size to the 14-period ATR on the daily chart. This dynamically adjusts to current volatility.

What indicators does the Renko Trend Following strategy use?

The Renko Trend Following strategy uses the following indicators: Renko Chart, EMA 10 (on Renko), Stochastic (5,3,3). These can be configured directly in AlgoBars AlgoBuilder.

What timeframe works best for Renko Trend Following?

The Renko Trend Following strategy is best traded on the Non-Time Based timeframe. This can be adjusted based on your trading style and market conditions.

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