SPDR S&P 500 (SPY)

[leftyg]

bobjack..I think your understanding is right. I think a 2 brick, or about 4% reversal signal works best for me.....if the price has moved almost, but not quite to the point of filling another box in the direction of the trend..I will set my reversal buy or sell a little closer.

The Renko is like anything else...after you look and play with it for awhile it's strengths and weaknesses become more evident. Experiment..count the return..adjust..count again, etc. You will likely find a medium that meets your risk and return tolerances. Regards.