ES RTH + Overnight Session Renko Chart with day-generated Levels: Optimal for Day Traders who need to understand the Context on daily Basis
- Day-Generated Levels: Automatically marks all important day-generated levels, including Open, previous-close (p-close), p-settlement, previous High of Day (p-High), previous Low of Day (p-Low) (same for previous-Week and previous-Month), Point of Control (POC), Initial Balance High (IB-High), Initial Balance Low (IB-Low), Full Session (FS) VWAP, Regular Hours (RH) VWAP, FS Mid, RH Mid, Overnight High (ON High), and Overnight Low (ON Low).
- Overnight and RTH Profiles: To be best prepared for the trading day, we also examine the overnight session, which helps establish our trading bias.
- Unstanding the Context: This chart is particularly useful for understanding the context of the trading day. Renko (movement and not time-based) helps us focus on market activity that really matters. Observing price movement and behavior at generated levels is crucial to interpret the market auction process on a daily basis.
