Indicatorwarehouse – Mean Renko Bars with LogiCounter Bar Marker
The ORIGINAL NinjaTrader Mean Renko Bars along with a Custom Renko Bar Marker.
Two Price Action indicators for the Price of One!
FAST, ACCURATE… Simply the Best Renko Bars for Day Trading!
The Mean Renko Bars are a totally re-engineered and improved variant of the traditional Renko bar. The Mean Renko has all power of the standard NinjaTrader Renko Bar, with the added benefits of proprietary intra-bar calculations. The Mean Renkos are a core component of the Diversified Trading System. They are sure to improve any trader looking for smoother price action without sacrifices market structure intelligence.
- True Price Wick Display
- Intrabar Brick Generation
- Current Bar Indicator Application
- Opening Price Mean Plotting
- Spurious Noise Filtering
- Daily Reference Consistency
The LogiCounter is a companion product that gives you predictive insight as to where the next Mean Renko Bar will Form.
The LogiCounter provides a visual indication on the current Mean Renko bar to display where the price must go in order to complete the bar. The price value is displayed, as well as a clear support / resistance block to show which direction the bar is likely to close.