Daniel.B

S&R Zones on Renko Daily

Short
FX:GBPUSD   British Pound / U.S. Dollar
Well, I decided to test out finding more clear S&R Zones on the Renko Daily Charts just to see how it works out. Nothing confusing, all I did was bring up the Daily Renko plot the demand zones and previous resistance, plotted the historical demand zones and moved back to the Daily candlestick chart to check on the accuracy of the demand zone plots. It definitely makes plotting zones much more simple by erasing the "noise" on the candlestick charts. Just thought I would share, I'm pretty sure this isn't anything new to many, but to those who have trouble finding S&R zones, this could help you get a clearer picture of where the zones are. Cheers, happy trading. =D
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