HYBRID UNI-REKNO CANDLESTICKS
ABOUT THE SOFTWARE
HOW THEY WORK?
Uni-Renko Candlesticks trace out price in a pattern partially governed by three pre-set inputs: tick trend, open offset and tick reversal. This provides the chart with crisp symmetry and “noise suppression”: the ablation of minor chop movement in an otherwise trending market. This minor chop movement can serve to keep you out of a winning trade set up. But “noise suppression” in a choppy market can cause traders to take entries associated with heightened risk.
THE “NOISE SUPPRESSION”
To solve this problem, we develop Hybrid Uni-Renko Candlesticks. These formations continue to trace out price in a crisp symmetric pattern. In addition, they also provide traders with much of the price movement data associated with range, time and tick-based candlesticks. In essence, the trader gets the best of both worlds.
No trade formation (candlestick) based on time, tick, or range provides the trader with better entry opportunities than Hybrid Uni-Renko Candlesticks. A patent is currently pending on this software.