What is KingRenko$? Simply put, KingRenko$ is the real “face” of ninZaRenko. No artificial open, only real data. So you can see for sure the real OHLC of a KingRenko$ candle. As a result, KingRenko$ can be backtested accurately.
Can it be used for LIVE trading? Yes, sure! Not only good for backtesting, but KingRenko$ is also great for LIVE trading because you can see the real OHLC of a candle.
KingRenko$ also has exactly the same settings as ninZaRenko: “Trend Threshold” and “Brick Size”.
If the settings are identical, the Close prices of the 2 bar types match exactly. Therefore, any indicators that are based on the Close price will have identical values on the ninZaRenko and KingRenko$ charts.
Please check out KingRenko$ at the online store of our sister business RenkoKings.com, which is focused on trading solutions for RENKO charts: