What Are The Moving Averages On Your Renko Charts?

Moving Averages

The three main moving averages that we use with Renko are the following:

1. 18 EMA (Exponential Moving Average)
2. 34 EMA
3. 50 SMA (Simple Moving Average)
4. 50 EMA of a 50 EMA (DEMA - Double Exponential Moving Average).  This is also referred to as the "Smoothed 50".

You can download TradeStation version of the smoothed 50 DEMA indicator HERE (sorry only for TradeStation)

NinjaTrader

Here are some video instructions on how to set up the smoothed 50 indicator on your charts for NinjaTrader: