The subject of what the optimal brick size should be on a Renko chart is a prevalent one among technical traders who use them. To identify what works best for you, let’s look at a few options and see what we learn. Two common approaches, the fixed-size approach and the ATR calculation version, are widely used.
What do you think is the optimal brick size for Renko charts? It’s not as simple as it first appears. When deciding on the best brick size, you should take volatility, trading style, market conditions, and your trading goals into account. Trading profitably with Renko charts comes down to choosing the right brick size. What’s important is as follows:
- Price fluctuations and their effect on bricks
- Volatility and range of markets
- Time frame of your chart.
Discover how selecting the right brick size can help you make sound decisions in Renko Chart trading. Check out our detailed Renko chart tutorial to learn how to determine the optimal brick size for your charts according to your trading style.