Supplement

Simple Renko Signals for Bitcoin

MTGOX:BTCUSD   Bitcoin / Dollar
2226 1 4
Beware: Renko chart, time is not evenly distributed, a new block appears when price has changed past the threshold.

Don't try to predict a reversal, buy or sell when a new block has appeared in the opposite direction.
Ah I see you use the KISS method (Keep It Simple, Stupid).
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