privatepizza111

Renko: ATR Shows Bullish, Traditional Suggests Bearish

Long
SP:SPX   S&P 500 Index
I have hammered out the aspect Ratios for the ATR Renko. I utilized a 100 bar ATR, for a stable average the bars move around. Being Renko boxes, a matching 100 frequency to the ATR amplitude was false; I needed twice the amps (length) to the frequency (width)...a 50 aspect (100•50). The results confounded my other methodology! The ATR has a bullish pattern, and the traditional Renko method is bearish? I need to observe, and maybe others will too. Also, the longer time frames function well but the ATR is out of the bounds (speculative) on the shorter 45 minute time frame.
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