SPDR S&P 500 (SPY)

[leftyg]

learning or anyone else...if you are looking at Renko charts..let me suggest that you look at somewhat shorter periods than the ATR(14) default. Perhaps that default is just right for you..but it is a bit long for me.

Also, look at various indexes...not all indexes are equal as far as reducing whipsaws. Whipsaw reverals of only one box are big return reducers..reversals of two boxes are not bad. A whipsaw reversal of only one box, and then the original trend continues, costs you a return of 4 price boxes.....because you are in the wrong or losing etf for those 4 price boxes.

I found the NDX and RUT to give too many one box reversals at any box size I tried. The MID is a bit better behaved..and without the recent financial volatility, the SPY is also pretty good.

It is a learning process....you will probably change your mind 5 times before you settle on a specific box size for a specific index. I did. Regards.