Alternative chart strategies offer unique methods to analyse markets using non-traditional chart types that prioritise price movement, volatility, and structure over time. These strategies reduce noise, clarify trends, and provide visually cleaner signals for better decision-making. Especially useful in volatile conditions, they are favoured by professional traders, scalpers, and swing traders alike.

Here’s a comprehensive guide to the most powerful alternative chart strategies and how to use them effectively in your trading.

Renko Chart Strategy

Renko charts filter out time and noise, plotting fixed-sized bricks only when price moves a set amount.

Best for: Trend following, breakout confirmation
Entry: On breakout bricks or pullback continuation
Exit: On opposite colour brick or trailing stop

Renko simplifies price action, making trends and reversals more obvious.

Heikin Ashi Strategy

Heikin Ashi candles average open and close data to smooth chart visuals, helping traders stay in strong trends.

Best for: Swing trading, trend identification
Entry: 2–3 same-colour candles without wicks in the trend direction
Exit: Candle colour reversal or pattern shift

It reduces false signals by smoothing minor fluctuations.

Point & Figure Strategy

Point & Figure (P&F) charts use Xs and Os to show price movement without regard to time, focusing on structure and breakouts.

Best for: Breakout trades, long-term trends
Entry: On confirmed double or triple top/bottom breakouts
Exit: Price projection using vertical count method or column reversal

P&F is ideal for traders who favour clean, rule-based strategies.

Range Bar Strategy

Range bars only form when price moves a fixed number of pips or points, creating consistently sized candles.

Best for: Intraday trading, scalping
Entry: Breakouts from consolidation, pullbacks in trend
Exit: Structure-based targets or fixed risk-reward levels

Excellent for visual clarity and consistency in volatile markets.

Line Break Strategy

Line Break charts print a new candle only when price exceeds the previous highs/lows of a set number of lines.

Best for: Reversals, trend continuation
Entry: First or second reversal line after 2–3 in the opposite direction
Exit: Reversal line or major structure retest

Offers a clean, logical approach to directional trading.

Tick Chart Strategy

Tick charts print a new candle after a fixed number of transactions (ticks), offering real-time responsiveness to volume and activity.

Best for: Scalping and order flow trading
Entry: Micro breakouts, trendline breaks, footprint confirmation
Exit: Delta shifts or structural highs/lows

Great for high-speed traders who need granular market insight.

Heikin Ashi + Renko Hybrid Strategy

This hybrid combines Heikin Ashi’s trend clarity with Renko’s clean price structure for double confirmation.

Best for: High-conviction entries
Method: Use Heikin Ashi for directional bias, confirm entry with Renko breakout or reversal
Exit: HA colour change or Renko opposite brick

Perfect for filtering false moves and improving trade accuracy.

Comparison Table of Alternative Chart Strategies

Chart Type	Noise Reduction	Trend Clarity	Precision	Best Use
Renko	Excellent	Excellent	High	Trend trading, pullbacks
Heikin Ashi	Very Good	Excellent	Medium	Swing trades, trend riding
Point & Figure	Excellent	High	High	Breakouts, long-term trends
Range Bars	Very Good	Good	High	Scalping, intraday setups
Line Break	Good	Very Good	Medium	Reversal trades
Tick Charts	Variable	Medium	Very High	Scalping, high-frequency trades
HA + Renko Hybrid	Outstanding	Outstanding	High	High-confluence trading setups

Conclusion: The Edge of Alternative Chart Strategies

Alternative chart types give traders a serious edge by removing noise, enhancing signal clarity, and aligning with institutional logic. Whether you’re a scalper seeking tighter entries or a trend trader chasing clean momentum moves, these strategies help you focus on what truly matters—price behaviour.

To master each of these strategies with live chart examples, expert feedback, and precision tools, enrol in our Trading Courses at Traders MBA and learn to trade with structure, simplicity, and confidence.