Today we continue our deep dive into support and resistance levels and explore how traders can effectively utilize Renko charts and Donchian channels to identify these price zones. Renko charts, known for their simplicity and ability to filter out market noise, provide a unique perspective on price movement. We'll discuss how Renko charts work and demonstrate...
There were a total of 250-270 points of NQ scalps after the Iran missile strikes going long. If you held the first contract long on the swing trade (1st trade in the direction of the new trend is always the swing trade, marked by a fat arrow) you would have gained another 270 points.
Continuing on trade ideas from video 2 for Renko Dynamic Index and Renko Dynamic Index Zones using a few simple rules. Other indicators powered by the Renko Engine : Renko RSI Renko Trend Momentum Renko Weis/Ord Wave Volume Renko MACD and Renko MACD Overlay Strategies: RSI-RENKO DIVINE™ Strategy
I start getting into how I trade the Renko Dynamic Index and Renko Dynamic Index Zones using a few simple rules. I introduce some new coloring schemes and trade direction discovery algorithms. Other indicators powered by the Renko Engine : Renko RSI Renko Trend Momentum Renko Weis/Ord Wave Volume Renko MACD and Renko MACD Overlay Strategies: ...
I introduce the Renko MACD and Renko MACD Trend indicators. Other indicators powered by the Renko Engine: Renko RSI Renko Trend Momentum Renko Weis/Ord Wave Volume Strategies: RSI-RENKO DIVINE Strategy
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...
I outline the several features and recent additions to the Renko Weis Wave Volume Indicator . Enjoy.
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...
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.