Renko Footprint Bricks & Strategy (Order Flow)

Renko Bricks In Conjunction With Order Flow - A Work In Progress

Overview

Following RickM to a thread on Forex Factory, made by rockypoint, led me to the re-discovery of Renko Bricks and soon after I had the idea of combining a Footprint chart with a Renko Brick chart. This thread will be a compilation of everything from general testing, thinking, thorough analysis and trading of this new endeavour. Either using the already proposed strategy of trend trading Renko Bars closing over MA’s and having Order Flow as a filter / confirmation tool or a new/adapted strategy to play into Order Flow’s strengths we will find what's best.

I am doing little backtesting, instead forward-testing EURUSD/6E as it unfolds daily (If any Order Flow traders want to help with this effort or collaborate message me) while I trade my other strategies. For those new to 'Order Flow' here is a post I've made in the past, hopefully it can help form a foundation for further learning.

Looking over Renko Footprint Brick charts I have (so far) come up with several core uses this type of Renko-Volume analysis can provide, regardless of any specific strategy:

 

1. The more effective analysis of set trading distributions (ranges) using the Renko Brick formation to remove the noise (remove excess candlesticks) to more easily see the forces at play (Volumes/Orders) within a consolidation period.
2. The more effective analysis of the health and participation of a trend and the more accurate ability to see the volumes being transacted at specific important reversal points.

It is a new, often more effective, way of organizing mass amounts of price and volume data combined - Renko Footprint Bricks! The more I test and look into this the more intrigued I get and as such I am returning the favour of inspiration that I received from both RickM & rockeypoint back to the trading community by publicly learning and testing this new way to view Order Flow data. I am very interested to hear any ideas or findings by anyone who has tried/trying this, feel free to reach out!

Goals

1. To use Renko Bricks to better visualize trends/ranges: The core point of Renko charts is to filter out noise and help traders to more clearly see the trend. With any introduction of Order Flow this must always be present in mind;
2. To analyse volumes at specific moments before /during / after a trend;
3. To test all aspects of using Order Flow with Renko Bricks;
4. To start trading a Order Flow version of the original strategy;
5. To improve and adapt the strategy further

Before we start diving straight into analysing the Renko Footprint Brick chart, let's get a basic idea of what the original Renko strategy (made by rockypoint) involves:

Specifications

1. A hybrid Renko Brick-Heinkin Ashi Chart is needed with;
2. Two 10-Period Moving Averages individually set to either High and Low of the Renko Chart price data. When a brick closes above the higher MA (in an uptrend) a long setup is appearing and vice versa for a short setup.
3. A Cumulative Delta chart shown as candlesticks is used for confirmation of each trade setup. One 10-period HLC Avg Moving Average can be added onto this CVD chart as a reference and for comparison to price. If a Selling Renko Brick prints, you want to see an equally strong negative Cumulative Delta candle as well and vice versa. Deep Cumulative Delta Analysis can be conducted to support trade setups and entries/exits.
4. Trail the trade (trend follow) until an opposite Renko Brick closes into the MA channel.

A custom Renko Footprint Brick Chart is needed to view the Volumes transacted and also the Bid x Ask Imbalances that took place within specific Bricks. The strategy above is not what is not important at the moment, the analysis of Order Flow which is soon to follow is what is. It is just to provide context to what we are about to look at and a means to use the tool often.

CASE STUDY & TEST: RENKO FOOTPRINT CHART BREAKDOWN

The above labelled (1-4) sections of trend/no trend Renko Bricks on EUR Futures (EURUSD) Wednesday 15th May 2024 will have their accompanied Renko Footprint Bricks below. I will lay them all out, then go back and fully analyse from 1 to 4:

CASE STUDY

Renko Footprint ~ Cumulative Delta > Range Breakdown (1)


Initial Renko Brick + CVD Observations:

1. The range lasted about 36 minutes;
2. From peak to valley the range was 17 pips wide;
3. Cumulative Delta was consistently detached from price and trending downwards;
4. The Renko Bricks were giving false signals by closing above/below MA channel but via Order Flow & Cumulative Delta we can see a bullish break will not be likely.

Initial Renko Footprint Brick Observations:

1. Inverted Imbalances apparent throughout the range;
2. Signs of a top: Limit & Aggressive orders at the top of the range;
3. Cumulative Delta Negative throughout;
4. Most Renko Bricks had a negative Delta;
5. Price broke out and retested the range before finding aggressive sellers (evident from imbalances, Delta, Cum. Delta and Diagonal Negative Delta Sum.

Renko Footprint ~ Cumulative Delta > Sell Trend Breakdown (2)

Initial Renko Brick + CVD Observations:

1. The sell trend was the result of 8 different Renko Bricks;
2. The trend, from start to finish, was 30 minutes in duration;
3. The retracement before exiting was a third of the length/size of the trend;

(The a, b, c label represent significant moments/reversals)

Breakout - Bearish Channel Break

A - Renko Brick close above the lower MA channel ring (Fakeout)

B - Bullish Renko Brick (Pullback)

C - Renko Brick close above the lower MA channel ring

Initial Renko Footprint Brick Observations:

1. Inverted Imbalances throughout however there are also some regular imbalances throughout;
2. Delta confirmed the trend all the way through.

(The a, b, c label represent significant moments/reversals corresponding to the prior chart)

Breakout - Bearish Channel Break

A - Renko Brick close above the lower MA channel ring (Fakeout)

B - Bullish Renko Brick (Pullback)

C - Renko Brick close above the lower MA channel ring

a

The bullish Renko Brick (retest) had a negative Delta (and cumulative delta) showing although price has gone up, there are aggressive sellers entering. This diverges from the bullish brick and as such could be plenty warning against exiting/entering positions.

There was also only one Imbalance within the Renko Brick, accompanied by an Inverted Imbalance.

b

Within this first bullish reversal Renko Brick with a positive Delta very heavy volumes were transacted. The bottom-reversal Brick had the heaviest volumes then any other Brick. Often bottoms have the heaviest volumes before reversing - not during the trend.

The positive Delta shows that the reversal this time is accompanied with strong buyers and can be trusted. The prior and last bearish Brick had a positive Delta as well!

There was one Inverted Imbalance (aggressive sellers) within the ‘b’ candle however this alone is not enough to negate the above points.

c

This second bullish Renko Brick also had a positive Delta, confirming strong/aggressive buyers are now present.

Two Imbalances (zero Inverted) further proving this. Diagonal Positive Volumes were large in comparison to volume.

Thoughts on Range (1) & Sell Trend (2)

Price and most importantly the Order Flow had signs of a bearish break throughout the trading range - Limit Orders - Aggressive Orders (Imbalances) - Delta & CVD & Other Calculated Values.

The breakout to the downside was confirmed by Delta and Cumulative Delta however the retest of the range and the subsequent bearish bricks provide far more compelling confirmations to sell. Being conservative and cautious, waiting for the retest or better confirmations would have either provided a better entry price when the labelled ‘a’ brick was an obvious temporary pullback or the same entry, but with far greater peace of mind and knowledge of the new trend’s possible strength.

When volatility is low, as is obvious when the Renko Bricks are mostly engulfed within the MA Channel, a breakout is eventually to follow. Using Renko Footprint Bricks it is easier to analyse a larger trading range’s volume distribution when compared to standard Candlestick Footprint charts. This allows us to scan through all the range and look for subtle hidden signs of which way the largest/smartest market participants are positioning themselves and which direction the market may break! I may work on this separately to this specific strategy - I have several volatility based ideas.

The trend (2) remained down until Delta turned positive, this turned before price. A trend following criteria could be to remain in trade while Delta is in trade direction.

Not being faked-out by a simple brick closing above/below a MA channel but instead referring to Order Flow for context and confirmation to tell whether this is a basic trend pullback or a more serious reversal may improve WR/Accuracy.

CASE STUDY

Renko Footprint ~ Cumulative Delta > Buy Trend Breakdown (3)


Initial Renko Brick + CVD Observations:

1. From setup to exit, the trend & trade lasted 1H and 13 Min and was comprised of 9 bullish bricks;
2. Cumulative Delta was still detached from price and stalled behind the trend, not ideal for sole confirmation or direction for the trend

Initial Renko Footprint Brick Observations:

1. Positive Delta from the bullish Renko bricks was confirming the uptrend;
2. The highlighted imbalances throughout the trend prove aggressive buying was fuelling it;
3. Some Inverted imbalances however bricks went onto close above and continue trending, so they are negligible until the trend (bricks) change;
4. The first bearish Renko Brick, as it was confirmed by multiple Inverted Imbalances showing aggressive selling, with a negative delta could be used to exit before waiting (and losing profit) for more selling to come and the conventional stop out process;
5. Diagonal Negative/Positive Delta Sum in comparison to total volume accurately gives easy & quick insights to who is more in control in each Renko Bar.

(The a, b, c label represent significant moments/reversals)

A - Limit orders at the high of the bearish brick

B - Positive Delta confirming/validating trend

C - Both negative Delta & Cumulative Delta at reversal point

a

Two identical stacked Limit Orders were at the high of the bearish brick’s wick, stalling price from going any further - representing many more limit orders clustered around there.

The highlighted aggressive sellers (Inverted Imbalances around label ‘a’) throughout the first bearish footprint brick confirm that the trend, for however long, has stopped and is now reversing.

This combination of Limit Orders stopping price (and a trend) from going further and aggressive orders (Market Orders) reversing price, followed by Delta/Cum. Delta being in the new direction is a textbook reversal setup and all positions should be exited - positions initiated etc.

b

The Delta from the trending Renko Bricks, more often than not, confirmed the trend.

The imbalances throughout the trend served as evidence that real aggressive buying was fuelling it.

A negative Delta itself (Delta against the trend) without a corresponding retracing Renko Brick is not cause for concern, but a warning!

c

At the point of the first bearish-reversal brick both Delta and Cumulative Delta were negative, validating the pullback as significant/serious.

This combination of Limit Orders stopping price (and a trend) from going further and aggressive orders (Market Orders) reversing price, followed by both Delta and Cumulative Delta being in the new direction is a textbook reversal setup and all positions should be exited - positions initiated etc. There would be no need to wait for price to retrace, losing more profit for a close across a somewhat arbitrary moving average.

Renko Footprint ~ Cumulative Delta > Buy Trend Breakdown (4)


Initial Renko Brick + CVD Observations:

1. From setup to finish the trend lasted nearly 9 hours, compromising of 10 bullish Renko Bricks;
2. This was the second bullish move after a pullback in the trend;
3. Cumulative Delta did follow price more closely however the reset of Delta values at market rollover distorted this;
4. Cumulative Delta did start to come down towards the end of the trend

Initial Renko Footprint Brick Observations:

1. Positive Delta from the bullish Renko bricks was confirming the uptrend;
2. Delta started to forecast the change in behavior by going negative before price stopped and reversed (highlighted as !)
3. Large & Aggressive sellers appeared in the last bullish Brick, along with a negative Delta - giving a massive warning to the future of the trend;
4. Aggressive sellers were throughout the first bearish-reversal Renko Brick - confirming he trend was over (no need to wait for more profit to be retracted);
5. The last bearish brick shows a retest of the reversal point and a complete rejection, returning price to the lows;
6. Diagonal Negative/Positive Delta Sum in comparison to total volume accurately gives easy & quick insights to who is more and by how much in control in each Renko Bar.

(The a, b, c label represent significant moments/reversals)
A - Highlighted are large Limit Orders (even causing an imbalance on the ask) at the high.
B - Positive Delta confirming/validating trend.
! - Delta turning before the price reversed!

a

Highlighted are large Limit Orders (even causing an imbalance on the ask) at the high of the first bearish-reversal showing a cap to how far price can go before filling these orders and preceding.

These orders, because they are placed on the Ask, distort the Delta and make the analysis of Delta (in this way) not relevant for this one brick. Instead having knowledge of the whole footprint and context price finds itself in, you can understand and overrule the Delta.

b

The Delta from the trending Renko Bricks, more often than not, confirmed the trend.

A negative Delta itself (Delta against the trend) without a corresponding retracing Renko Brick is not cause for concern, but a warning!

!

Delta and eventually Cumulative Delta went negative and gave a serious warning sign to the viability of trend’s continuation.
The last three bullish-trend Renko Bricks had negative Deltas before price reversed!

Thoughts on Buy Trend (3) & Buy Trend (4)

Allow the Delta (sometimes more importantly the Cum. Delta) to gauge & confirm the health of the trend.
A reversal can be detected often by the very first bearish Renko Brick if: Limit Orders, Aggressive-Market Orders, Imbalances & Delta are confirming the reversal. This would very impact trade performance in a very healthy way - cutting losers faster and more effectively!

Cumulative Delta can be, for prolonged periods, detached from price (sometimes importantly) and other tools and methods have to replace this missing link.

*continues next post*

Hi Makingmoves


You have put some great work into your posts above and I greatly enjoyed reading these posts.

The feature I like about Renko Footprint charts is they do indeed seem to filter out some of the noise we see on a time- based candle stick chart.
I find the volume signals given are more informational and the trends run smoother and I would like to also just thank Rocky for bringing my attention to these wonderful Renko bars.
The bonus as you explained, Footprint Renko bars allows us to see what is happening inside the candle by showing traders which direction the big money is really trading with their large market orders.

I look forward to seeing your further work here on this thread, and I hope it gets the attention it deserves from other Forex Factory traders.
Let's see if we can get a few Order Flow Traders here to help build something special.

Cheers RickM

Awesome stuff, thanks a lot.

Is it possible to see this data by reading an indicator (MT4 or Tradingview) or is it only possible in those tables?
If only from the tables, how to get these?

Keep it coming, very interesting concept.

PC

Hi Rick, great to see you here!

Thank you for the kind words I appreciate it my friend.

Absolutely I am finding Renko Bricks are a brilliant way to better see the trend and to clear up the chart of candles that did nothing. When using that same concept to organize the volume data, I really think we could be onto something new!

True the volume signals are exactly that, signals, and provide subtle (sometimes obvious) clues/insights into the larger trend or reversal's activity. Without you and rockeypoint, this idea may have never happened, massive thanks and respect.

"The bonus as you explained, Footprint Renko bars allows us to see what is happening inside the candle by showing traders which direction the big money is really trading with their large market orders." > Very well put.

Cheers mate, I do hope we can get some other Order Flow traders involved and get the ball rolling faster. In any situation, I cannot wait to develop this further and see what comes of it!

Trade safe,

MM

Hi Pipcruiser,

Unfortunately MT4 is too old and basic to run and do this type of analysis, also is incompatible with the data feed required for this data. Some sort of specialist platform is usually required.

TradingView doesn't have the function for footprint charts however I have a suspicion this will change eventually. Knowing them, it would have good customizability but will be on the ultra high top tier package. TV does have Volume Profiles but that is as close as you'll get atm, as far as I know but things may change.

I wont recommend a software/service for you to use, as they are all different quality's with different prices. If you research 'Footprint Charts' or 'Order Flow Charts' or 'Volume Candles' etc you should easily be able to find a list of the most popular tools and their pros and cons.

Will do! Trade safe,

MM

CASE STUDY

Renko Footprint ~ Cumulative Delta > Fakeout Breakdown (?) #1


Initial Renko Brick + CVD Observations:

1. The first standard long setup based on a continuation of the trend (Renko Brick closing back above the upper MA) was a fake out - first ‘?’ label;
2. CVD was consistently negative however this is not enough to disregard the setup;

The above screenshot captures the moment price setup for a long trade, a Renko Brick closing back above the Channel’s upper Moving Average after an uptrend. It shows why the setup was invalidated by the Renko Footprint Bricks.

At the time of the setup (labelled ‘?’) both the Delta for the brick and the Cumulative Delta were both negative, completely disregarding price’s bullish set up. Diagonal Negative Volumes were large in comparison to total volume, the opposite of what we should be seeing in a bullish breakout.

Using these incredibly obvious warning signs, a losing and pointless trade could be avoided and potentially even faded!

Renko Footprint ~ Cumulative Delta > Sell Trend (2) & Fakeout Breakdown #2


Initial Renko Brick + CVD Observations:

1. The (5) sell trend was short and full of fakeouts and retracements

From the moment price started reversing from the (4) Buy Trend Aggressive Sellers were present and obvious enough to create Inverted Imbalances throughout the chart as labelled above. From the moment price started reversing from the (4) Buy Trend both Delta and Cumulative Delta were negative - confirming/validating the price move.

As we now know this reversal-turned-trend is fuelled by aggressive selling (market orders) - this adds propensity to the trade knowing it's not the result of general noise, but real supply/demand.

By knowing where and when aggressive and passive orders have entered the market, especially large volumes, you can follow the smartest and largest market participants who cause price moves. Better identification and knowledge of these aspects of most markets can allow moments where market participants are repositioning before price has turned and before the rest of the crowd are aware! Just as importantly is the ability to know when other market participants are getting out, this can be invaluable as often traders will begin to unwind their positions, not their full position size, before a trend is over.

Two Renko Bricks after the sell setup, a retracement brick closed above the lower channel, causing a conventional stop out. Looking closer, the fakeout candle was not to be trusted as Order Flow did not validate the move/reversal for the same reasons we have covered so far, they are in this scenario:

1. The Negative Delta did not confirm price - Sellers still in control;
2. The Negative Cumulative Delta did not confirm price - Sellers still in control;
3. There were in general many more sellers than buyers, and they were more aggressive. The delta was really negative however this is subjective. A way you could objectively rate how strong either buyers or sellers are is by taking ‘Diagonal +/- Delta’ and comparing it to total volume in various ways.

Rewinding a little bit, to the Sell setup candle, there were the three aforementioned different textbook characteristics of a successful breakout/trend continuation via the analysis of the Renko Footprint chart:

(The a, b, c, d label represent the most important parts of the Renko Footprint Brick, specifically the sell setup Brick)

A - Limit Orders at the high of the Brick, stopping price for proceeding

B - Aggressive Sellers - Inverted Imbalances and heavy volumes on the Bid

C - Delta & Cumulative Delta Negative

D - Fakeout retracement - Negative Delta & Cumulative Delta

a

Highlighted is a large Limit Order at the high of the first bearish-trend sell setup Brick showing the point price could go no further. Price cannot move past without filling these Limit Orders, acting as a buffer point, stopping price from proceeding.

These orders, because they are placed on the Ask, distort the Delta and make the analysis of Delta (in this way) more delicate when this scenario is present. Luckily it was easy to read, sellers were so strong that they still caused the bearish trend setup footprint brick to have a negative Delta!

b

Aggressive Sellers were present throughout the bearish-breakout Renko Footprint Brick, causing two large Inverted Imbalances to appear! The Limit Order has stopped price from going further up and sellers have sent price straight back down to the lows. These two aspects of Order Flow & market participation are the textbook features for breakouts and reversals.

Standard, 300% or larger, Imbalances aside. The volumes on the bid, where aggressive sellers place their orders, were consistently larger than the volumes on the ask. Although not as significant as a standard Imbalance, it is still worth noting!

c

Both Delta and the Cumulative Delta confirmed the trend and setup - bearish trend - negative Delta. If this had been a Positive Delta & CVD, that would be enough reason to not enter a position immediately and await further context.

d

The fakeout retracement had a prime example of Delta and CVD warning when a Bullish Renko Brick had a Negative Delta! That is the opposite of confirmation and as such nothing should be done, no trade initiated or covered.

Conclusions So Far:

Renko Bricks when combined with Order Flow, more specifically Footprint Charts, provide a new and more effective way to organize and thus view and analyse more Price and Volume Data. This can often lead to, from the very purpose of Renko Bricks, more of a clear understanding of the forces at play (Volumes - Market Participants) at the most significant moments in terms of price action such as: Range/Consolidation Areas, Trending Price Action and Reversals.

All the benefits of Renko Bricks over conventional Candlestick/Bar charts are the same when compared to Renko Footprint Bricks over regular Footprint Candlestick/bar charts. Often the time periods separating candles are somewhat arbitrary and, if price hasn’t moved, it is not necessary for a new candle and footprint to be created - making it harder to visualize the data!

From this case study we can see that the standard confirmations I use to analyse Order Flow (standard Footprint Charts) do not change much at all when switched to Renko Footprint Bricks. It is worth noting that, more often than not, a singular Renko Footprint Brick will have much more Total Volume then any singular standard candlestick footprint.

The crucial things to look for when analysing Renko Footprint Bricks:

1. Bid x Ask Imbalances of any magnitude;
2. Large Limit Orders;
3. Heavy Volumes;
4. Positive/Negative Delta;
5. Positive/Negative Cumulative Delta

These can all be confirmations however, they could all equally be just as strong warning signs!

Cumulative Delta is a very important tool however, it is but a part of a larger toolset and as such there will be times when Delta or other aspects of Order Flow will be more important and relevant then CVD. That said, it should be constantly analysed in both value and candlestick forms, being aware if it detaches from price.

As mentioned a singular Renko Footprint will usually have larger Total Volume then a regular footprint candlestick/bar. This means the Delta for each Brick has added importance as it will, at a glance, show who was more strong within that Brick! This allows us to immediately see whether a specific Brick is supported by strong buying/selling or if it cannot be trusted.

Any Renko Brick strategy could be used with this new added filter and edge to boost its stats; however the already described strategy is the perfect place to start, while I develop some new ideas.

Although it hasn't been covered so far, it is worth mentioning, Rick also added that the P.O.C of the candle should be calculated as it is a important part of the puzzle!

did you see that TradingView added footprint charts recently?

Yes, check out this video

PC

I did not! That's very interesting and always good to have a quick backup however it is already more expensive per month than my favourite and most customizable software/service. I also worry it is made for beginners (which it will be) and thus made to be beginner friendly and not detailed to the point I desire, looking at the settings in the video PC linked shows this, however this can/will change. It is very interesting they finally added it however you will have a wave of people using it incorrectly with the wrong data, spot FX data in footprint for example.

It is a very good thing though regardless if anyone uses their platform to trade OF, more competitors means lower prices over time! Hopefully soon, Order Flow trading won't be locked off from the rest of the trading community.

Trade safe,

MM

I have a Premium acc at Tradingview, will play with it this coming week, just a total noob in regards to these footprint charts, meanwhile
that makes it more exciting

PC

Hi Pipcruiser

There are many trading platforms that allow Footprint Charts to be traded successfully, but a cheap way to get "the feel" of trading with volume data is probably Clusterdelta.com. Here you can download CME data directly onto MT4 or MT5 for only $8 a Month so its probably the cheapest out there. It is however basic compared to other trading platforms but for the cost of a cup of coffee from Starbucks - worth a try.

Actually can I tell you a story. Back in 2020, I decided to trial Clusterdelta for a traddy buddy of mine and I traded the chart you can see. Every time Gold hit some BLUE HIGH DATA NUMBERS, I traded against the direction so I was trading reversals. In that month I took about 386 trades and won 325 (approx.) so it was a great test indeed. The next month wasn't as good but my point being the data was good and money can be made if you join us DATA FREAKS.

Myself - I have traded Footprints on Sierra Charts, Quantower, Ninjatrader, Jigsaw but my favourite is Motivewave. Its just visually present to use and "out of the box" ready to trade without but need for extensive trials before trading. However, many of my trading buddies love to trade on Sierra Charts because it has the most customisation available for traders and your CPU chip will love you. Personally, I get myself in trouble by Sierra groupies by saying it looks like it was created in 1962 and you need coding skills to make sense of its settings (let's not get into the trade management box being a complete mystery to new users) and I also expect Makingmoves may not agreed with these comments and probably "give me a serve".

Below is an example from Clusterdelta - a bit basic but its DIRT CHEAP
Next is my custom setup on Motivewave which I like because the Candle is still present and allows a visual perspective.

I am also a fan of all candles having their POC visible. The "Point of Control" allows me to see where the big money is positioned in each candle so its therefore a strategy JUST TO FOLLLOW THE YELLOW ZONES and use them for Trend following or Rejection.

I am also a fan of setting up Imbalance Resistance Lines which work much like Resistance and Support on a regular candle stick chart. Here you can see price reversed around a 300% Buyers Imbalance reading so I don't need to spend all night reading numbers always.

Congratulations on the new thread MakingMoves all the best. I am subscribed and will be following along.

Just like his first thread, it will sit here as a great source of reference for aspiring orderflow traders into the future.

For years, I get private messages from traders asking me for reading material on Order Flow trading - now I have somewhere to send them too.

Thanks a lot Rick, great info, I will dig into it for sure.

Cheers

PC

That is a great idea Rick, for anyone looking to get a feel, I didn't know that was a thing! Nice little story, I enjoyed, 2020 sounded like an extremely productive year for you!

"Myself - I have traded Footprints on Sierra Charts, Quantower, Ninjatrader, Jigsaw but my favourite is Motivewave." - Can we all for a second just give massive respect to Rick, I myself cannot say I've traded on all of those but thank you for listing them all for everyone here! You are an amazing trader, an amazing (value-contributing) FF member and we appreciate you being here my friend!

I have got to admit, I love Sierra Chart to death if you haven't guessed by now aha but I'm not affiliated so I won't go out and defend them. I will say I agree the website and the software looks straight out the 90s but even worse, I will admit, if you have any problems with your eyes the settings will be unreadable. This goes both ways, I love the settings because there are more then any other platform - all settings are numbered and have accompanying documentation on their website. I guess what I love about it most, its made by traders for traders - over the years setting up charts etc I've noticed things repeatedly that just made me smile (because I know a trader has had a say in something's development) and the logic that SC uses in settings/customization is imprinted in my brain at this point. That being said, I will change platform whenever I have to, I am not tied to SC forever!

"Makingmoves may not agreed with these comments and probably "give me a serve"" - You are funny lol ^ That's all I can serve, you are in a much better position (having been through them all) to give a unbiased view on the best Order Flow software!

That's interesting, the clusterdelta chart is definitely readable, it potentially would be beneficial for beginners to start on such a chart, forcing them to focus on the numbers.

"I am also a fan of all candles having their POC visible. The "Point of Control" allows me to see where the big money is positioned in each candle so its therefore a strategy JUST TO FOLLLOW THE YELLOW ZONES and use them for Trend following or Rejection."

^ Above is a very important part of Rick's reply and a point I overlooked when starting the thread. We have spoken about it privately and I will soon make a new post here explaining (with screenshot examples etc) on why we should have the P.O.C visible within the Renko footprints or any footprint in fact. For now however, Rick is absolutely correct and it is important on where the P.O.C is located in relation to the candle or brick's high/low, the moving average channel and the breakout.

I have never set up auto resistance lines from singular imbalances, I assume you have tried S/R zones derived from stacked imbalances (minimum 3 consecutive price levels) that is something I still look for today, though not too common in liquid markets and especially less common in Renko Bricks, apart from news releases etc.

Thank you for participating in the thread and shutting down naysayers as always Rick! For anyone wondering what the thread will be about, it is in the first paragraph: "This thread will be a compilation of everything from general testing, thinking, thorough analysis and trading of this new endeavour." Also as the title says, this is a (public) work in progress, please no unproductive spam/hate otherwise we just ignore.

A big thank you to rockeypoint for being here, providing the inspiration for this and the congratulations as well!

Trade safe,

MM