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.
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.
I like the confluence of utilizing my personal charts for a safe, valid entry, then monitor the Falcon and observe for dot, triangle, hash mark (which always follows and is reassuring). I also like observing the Eagle which assists greatly in staying with a trend despite pullbacks. The graphics help – everything ‘pops’ visually so nothing is missed and the Mean Renko Bars eliminates noise, I can see price behavior (dojis, hammers, etc.) as bar develops during lower volatility. DTS confirms entries and reinforces so I can stay with a certain move. Before DTS I’d often have doubts and exit prematurely. I needed something to help me stay in the trade."
"I love the Mean Renko Bars because they give you an edge over candlesticks. When markets go sideways candlesticks become smaller with upper and lower wicks -that’s market noise making it hard to read, now think about three candlesticks jumping up and down ranging 12 ticks from top to bottom. With Mean Renko Bars this could be just one Bar on the Eagle trend trader, when three Mean Renko Bars of 12 ticks move up or down, that’s 36 ticks - I have never done so well. Erich keeps you well informed and educates you, showing you what trades to take and what not to take. He will share his trading knowledge with you in real-time and Ben will help with your program downloads. DTS is my last stop, I have been trading for 27 years and I can finally use my new found experience with the Falcon as I love taking the middle out of the markets as it swings."
The Mean Renko Bars removes choppiness and make trading easier. The entry signals are clearly defined and I do not have to guess about entry. Excellent money management - I can properly define my risk without leaving the chart. I’m still in the learning process, but I love that proper position sizing and risks are automatically calculated before executing the trade so I can make money without blowing out my account."
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