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.