If you’ve been using ninZaRenko, you already know how smooth and trend-friendly it makes your charts look. But if you’ve ever asked:
"What’s the real difference between ninZaRenko and KingRenko$?"
This post will clear that up in JUST a few scrolls!
- ninZaRenko: Popular Renko bar for NinjaTrader 8. Uses an artificial open to keep brick sizes consistent, which enhances trend visualization. But this artificial open prevents accurate backtesting.
- KingRenko$: The "true OHLC" version of ninZaRenko. Same settings (Trend Threshold + Brick Size), same close prices, but uses real data without artificial open, so it’s suitable for both backtesting and live trading.
Quick Comparison
| Feature | ninZaRenko | KingRenko$ |
|---|
| Open Prices | Artificial (calculated for visual clarity) | Real (true market data) |
| Close Prices | Same | Same |
| Entry Accuracy | ❌ Differ from real market action | ✅ Reflects actual market price at entry |
| Backtesting | ❌ NOT accurate due to artificial open | ✅ Fully backtestable with real OHLC |
| Settings | Trend Threshold + Brick Size | Trend Threshold + Brick Size |
| Chart Appearance | Smoother, more visually unified | Slightly rougher but true to market |
| Live Trading | Yes | Yes |
| Cost | Free | Paid |
You’ll want ninZaRenko if you’re looking for:
- Clear trend visualization: The artificial open smooths out the chart and keeps brick sizes consistent, making trends easy to spot at a glance.
- Cleaner charts with less noise: By ignoring time and reducing micro-movements, it offers a clearer picture of meaningful market moves.
- Visual comfort for manual trading: Ideal for discretionary traders who want simple, readable charts without distractions.
You’ll want KingRenko$ if you’re looking for:
- Precise price action analysis: With real highs, lows, opens, and closes, you can study how price truly moved, especially during spikes or volatile swings.
- Backtest with confidence: KingRenko$ lets you backtest your strategies using real OHLC data, giving you accurate historical performance.
- More accurate indicator results: Indicators that rely on OHLC (e.g., moving averages, candlestick patterns) will deliver more accurate outputs.
- Great for strategy development: If you're building automated systems or testing setups, KingRenko$ is a solid foundation thanks to its real market data structure.
