BacktestRenko Bars

Summary

BacktestRenko is the first multipurpose hybrid Renko bar. This distinctive tool accomplishes multiple tasks in one package. In other words, the SiBacktestRenko is two bar types in one.

In this image »

#1 Wave mode On. This creates a smooth wave like action. Phantom bars will be created if necessary to fill gaps.
#2 Wave mode Off. This mode reveals the true Open price of the bar for more acturate back-testing results.
#3 Short bars, like this with no tail, indicates a strong move in price. Trending information you will miss when using other Renkos.

Backtest Mode = On (as seen on top) generates the standard median Renko style that has become a favorite among day traders. Its magnetism and popularity is due to the smooth wave-like style that it embellishes the chart with. Finally, a trading instrument that is easy on the eyes and simple to follow!

With Backtest Mode = Off (as seen in the middle), an even higher level of accurate back-testing is accomplished. In this mode the SiBacktestRenko exclusively utilizes true trade data for the Open, High, Low, & Close of each bar. Even price gaps are accurately portrayed, which is yet another first of its kind. The original Renko bar was designed to smooth out price movement, but it sacrifices accurate back-testing. When using this mode, the SiBacktestRenko will only show you the truth. Simply put, it is the most accurate Renko on the market for back-testing.

Buy BackTestRenko $225.

Demonstration Video

Buy BackTestRenko $225.

LIVE NEWS

BoE Gov. Bailey when asked about persistent above-target UK inflation: We have been in a world of very big supply shocks. Russia's Ryazan oil refinery appears to have come under attack - Video analysis BoE Gov. Bailey when asked on closer EU ties: He is in favour of greater trade and openness. BoE Gov. Bailey: I hope we will have more info by December on the war's outcome BoE's Lombardelli: Minimum wage rise is in line or below people's expectations. BoE's Lombardelli: We do not see public-sector wages as a particular risk. BoE's Lombardelli: Consumer-facing sectors talk of less pricing power than business-to-business. Banks borrow £ 142.8bln in Bank of England short-term repo operation. Apple kicks off seven-part US dollar high-grade bond offering. BoE Gov. Bailey: Absent end to war can see the case for 25bps more hike. BoE's Ramsden: Downward trend in uk services price inflation appears to have slowed or stopped Iran's Foreign Ministry Spokesman Baqaei: Iranian military experts are not present in Yemen - Tasnim BoE Gov. Bailey: Situation is so volatile that we can't put weight on two days news that hasn't been backed up by clear move to peace process. SNB's Chairman Schlegel: SNB doesn't believe in using forward guidance BoE Gov. Bailey: I will not sign up to "two and done" outlook for rates. BoE Gov. Bailey: I do not think we have moved too late. BoE's Lombardelli: Euro zone inflation data shows the UK is not alone in exposure to energy prices Secured Overnight Financing Rate 3.94% November 4 vs 3.97% November 3. BoE Gov. Bailey: If we do see a peace process, that would be a good thing and lower energy prices BoE Gov. Bailey: Had we known what would happen in the last 48 hours, the rate decision would still have been the same

BoE Gov. Bailey when asked about persistent above-target UK inflation: We have been in a world of very big supply shocks. Russia's Ryazan oil refinery appears to have come under attack - Video analysis BoE Gov. Bailey when asked on closer EU ties: He is in favour of greater trade and openness. BoE Gov. Bailey: I hope we will have more info by December on the war's outcome BoE's Lombardelli: Minimum wage rise is in line or below people's expectations. BoE's Lombardelli: We do not see public-sector wages as a particular risk. BoE's Lombardelli: Consumer-facing sectors talk of less pricing power than business-to-business. Banks borrow £ 142.8bln in Bank of England short-term repo operation. Apple kicks off seven-part US dollar high-grade bond offering. BoE Gov. Bailey: Absent end to war can see the case for 25bps more hike. BoE's Ramsden: Downward trend in uk services price inflation appears to have slowed or stopped Iran's Foreign Ministry Spokesman Baqaei: Iranian military experts are not present in Yemen - Tasnim BoE Gov. Bailey: Situation is so volatile that we can't put weight on two days news that hasn't been backed up by clear move to peace process. SNB's Chairman Schlegel: SNB doesn't believe in using forward guidance BoE Gov. Bailey: I will not sign up to "two and done" outlook for rates. BoE Gov. Bailey: I do not think we have moved too late. BoE's Lombardelli: Euro zone inflation data shows the UK is not alone in exposure to energy prices Secured Overnight Financing Rate 3.94% November 4 vs 3.97% November 3. BoE Gov. Bailey: If we do see a peace process, that would be a good thing and lower energy prices BoE Gov. Bailey: Had we known what would happen in the last 48 hours, the rate decision would still have been the same