This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
How to choose the brick-size of a renko chart for the best results with your strategy.
Short introduction to renko charts. Renko charts are a time-independant alternative to traditional candlestick-charts.
This system combined with the tools available on Trading view ie Renko Charts , the correct EMAs and Alerts make the Ultimate set and forget proven Trading System This system will have you on the right side of the market Where to enter and where to get out Make the most of your Trading view features
I show you, how you can create server-side alerts for renko reversals.
Incredible - watch how easy it is to load and switch time frames on renko charts using the Tradingview platform. Powerful stuff! Use renko charts to clean up your view and trade off key levels...
This is practicing IchimokuScholar's strategy of using Renko to get SR levels. AFAIK, you may get the following settings for it: * Traditional, 1% of first day's closing value * ATR, 0.5 (can set ATR value to whatever you like—I'm still reading on this) * Red line, weekly SR * Greens, HH... possible levels for counter trend confirmation or confidence gainer
Dear friends, Today, in my training article, I’d like to share the idea of my experiment that I’m going to start with this post. I’ll explain in short its gist. Technical analysis applies numerous indicators; but their use is mostly limited by usual price charts that change along the time axis. The most common example is Japanese candlestick chart. ...
I start showing live data and how the band operates. I also discuss the ATR difference between this band and Trading View's Renko candles.
I introduce the Renko band script and the fundamentals.
I discuss the behavior of the band when it exceeds multiple Renko price thresholds all in the same time interval.
Didn't actively trade this but shows clearly how nice the Renko style is in identifying trend changes. Amazing scalps are possible with scripts and bots.
1) The chart consists of blocks (a.k.a. bricks) which are the same size. These blocks can be bearish and bullish as in a standard bar or candlestick chart. 2) Renko chart does not take time into consideration so, if the Renko chart is set to (10), this means that the next block would not be formed until the price action creates an increase or a decrease of at...