I've often thought about how to mix my favourite Ichimoku principles & Renko charts - This is pure experimentation of some settings (dont go out and trade it!). However, it did throw up some interesting results using Apple as an example. More of a buy and hold strategy than day to day trading but some pretty reliable signals generated and over a 100% combined return during 2012 (before trading costs of course which are difficult to replicate here)
Rules on the chart and I have marked some recent examples. I've not tried this on any other security
Any of you with more Renko experience please feel free to comment or shoot me down in flames :-)
Rules on the chart and I have marked some recent examples. I've not tried this on any other security
Any of you with more Renko experience please feel free to comment or shoot me down in flames :-)