Sigma Renko Band Indicator

4.2.2 Sigma Renko Band Indicator

Description:

The Sigma Renko Band Indicator is an overlay tool that plots Renko bricks directly onto traditional candlestick charts. This hybrid visualization combines the benefits of Renko charts—reducing market noise and highlighting clear trends—with the detailed information of candlestick charts.

Key Features:

• Enhanced Trend Visualization: Simplifies the identification of trend direction and strength.

• Info Table: Shows current Renko trend, pip/point movements, and ATR calculations for risk management.

• Customizable Settings: Adjust brick sizes and colors to match your preferences.

• Noise Reduction: Filters out minor price fluctuations to focus on significant market movements.

Ideal For: Traders seeking a clearer view of market trends and those who want to reduce noise in their analysis.