TransparentTrader wrote: Tue Feb 14, 2023 9:43 am
Here is what the BSP indicator looks like on a US30 chart with 5-point Renko boxes (top subwindow). The timespan of this picture is 10-11am EST today. This is kvak's version that stays loyal to the original formula. EMA for both moving averages, a moving length of 100 for both averages, and that's it.

Notice how it keeps us in the long trending moves and then gives us a better idea of trend exhaustion. Most other indicators used on a Renko chart would force you to exit a lot earlier and miss out on even greater trading gains.

Hello :-)
I just went through your thread, I confess I lost track of what is going on in the latest posts with those five or so methods. I do like the BSP - I have not traded with it yet, but I am looking for some filter to keep me in trade and if possible to stop me from entering the wrong one. What I want to ask now is if you perhaps know the Didi indicator - I downloaded it somewhere here and I understand there are quite many of that breed. I trade rangebars rather than renko, but to my eyes, it seems to do the same job as BSP, but with fewer false signals during side movements. And I don't think it lags too much. Please have a look and I would be happy for any thoughts since you have much more experience with the BSP.
I'm attaching the DiDi I have (there are many more here around) and also a chart on renko 50pts on DAX with DiDi, BSP50/50 and BSP 100/100 :-)

I also have a rather personal question.. how do you enter in the renko chart.. do you set a stop order waiting at some distance from the just-ended signal brick, or do you enter immediately.. also the storm must be at least two bricks away I guess?..

All the best!!