renko or tick chart for trading oil/futures

[JOSHTHEBANKER]

Does anyone use renko or tick chart for trading oil/futures? If so can you share your set up and how you trade it?

 

[rad14733]

Does anyone use renko or tick chart for trading oil/futures? If so can you share your set up and how you trade it?

You would trade most all symbols the same when using Renko Bars... I am right now putting some polishing touches on a Renko Bar Chart for SPY but it could be used for any symbol although it may need minor adjustments to fine tune to whichever equity you choose... You should be able to duplicate most of the Chart depicted below... It's mainly Support and Resistance, SuperTrend, and VWAP... The rest is just personal customizations...

 

[SHJ]

You would trade most all symbols the same when using Renko Bars... I am right now putting some polishing touches on a Renko Bar Chart for SPY but it could be used for any symbol although it may need minor adjustments to fine tune to whichever equity you choose... You should be able to duplicate most of the Chart depicted below... It's mainly Support and Resistance, SuperTrend, and VWAP... The rest is just personal customizations...

View attachment 27363

You have an interesting histogram on the representation above, @rad14733! It seems that the geometrical concept of cycloid can be applied there. The histogram shows some interruptions on the cycloid format but, for instance, a full bullish format seems to trace from around the 19:35 to the 2:36 mark and, then, a full bearish format seems to trace from around 7:25 to the 10:32 mark. I understand that Renko charts are not time based; however, have you tried coding anything along the lines of cycloids?

 

[rad14733]

You have an interesting histogram on the representation above, @rad14733! It seems that the geometrical concept of cycloid can be applied there. The histogram shows some interruptions on the cycloid format but, for instance, a full bullish format seems to trace from around the 19:35 to the 2:36 mark and, then, a full bearish format seems to trace from around 7:25 to the 10:32 mark. I understand that Renko charts are not time based; however, have you tried coding anything along the lines of cycloids?

Thanks for thee reply... No, I have not done any cycloid research to date but have seen discussions over the years...

With this Renko Bar Chart any of a wide array of Momentum indicators mates well for confluence... I've also used PPO and MACD both with and without customized settings...

 

[antwerks]

You have an interesting histogram on the representation above, @rad14733! It seems that the geometrical concept of cycloid can be applied there. The histogram shows some interruptions on the cycloid format but, for instance, a full bullish format seems to trace from around the 19:35 to the 2:36 mark and, then, a full bearish format seems to trace from around 7:25 to the 10:32 mark. I understand that Renko charts are not time based; however, have you tried coding anything along the lines of cycloids?

I have built a "Cyclic_Phase_Oscillator" that gives you:

• Phase detection (Compression / Expansion / Exhaustion / Chop)
• Early expansion triggers
• Momentum strength (histogram)
• Clean labels
• Minimal lag (no heavy recursion / no long lookbacks)

You cannot directly plot a geometric cycloid on price and expect it to work. Markets are non-uniform in time, volatility-adjusted and influenced by external shocks. You can translate geometry into behaviors.

Cycloid-Like Market Mapping

Cycloid Phase	Market Equivalent
Rising arc	Expansion (trend move)
Peak	Exhaustion / liquidity grab
Falling arc	Pullback / retracement
Bottom	Accumulation / compression

https://imgur.com/iHbhFtP

 

[whoDAT]

Your question allowed me to post a study I've found worthwhile trading futures. That CMO-Blended MAs study is here:
https://usethinkscript.com/threads/...r-with-blended-moving-averages-signals.22351/

I hadn't looked at Renko charts before, but have good luck with tick charts. After tweaking the Renko, this yields about 10X profit (without subtracting contract costs) over a 3 year, 10 tick Renko chart. The setup averages about 1 trade per day.

Settings:

 

[antwerks]

Be careful. SHOULD YOU USE RENKO? Mixed — depends on goal

Pros:

• Very clean trends
• Removes chop
• Makes crossover systems look amazing

Cons (important for YOU):

• CMO becomes distorted (no true price flow)
• Volatility structure disappears
• Signals can become “too perfect” (dangerous illusion)

Renko is Not ideal for signal generation, OK for visual confirmation only.

SHOULD YOU USE TICK CHARTS? YES — big improvement
Why you might ask?

Tick charts:

• reduce time noise
• show real transaction flow
• speed up momentum shifts

Effect on your indicator:

• Crossovers happen earlier
• Signals feel more responsive
• Better for execution timing

Renko has multi-layer smoothing stack, which makes it LAGGY, but by design. I would use Renko for visual and tick for entries. Plus, Renko gives late signals due to CMO smoothing (ExpAverage), Fast MA smoothing (2 layers) and Slow MA smoothing (2 layers). Signals come AFTER move confirmation, not early.