AMEX:GLD   SPDR GOLD TRUST
94 5 6
Like the weekly chart for GLD             & it's Bearish as Bulls get "squeezed" here.
Hi Fibline
Thanks for your Renko charts. As you know I am studying Renko Trend Trading and it is always a pleasure to see your charts As per this gold chart the stop will have to go above 1283. Correct?
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@Olu, looks like Renko Charts is only available for pro accounts in tradingview
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@Olu, I simply use a 3 point reversal. Price wil cross back above 20% line on Stoch., Renko Brick will cross above EMA7 & Parabolic SAR switches from onto of price, to below price. Until then it's a SHORT or Sell. Cheers.
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Olu fibline
Thanks Fibline for the clarification. Your Renko rules are very simple worthy of emulation. I might even be able to code an indicator for the idea. When I do I will send one to you
Reply
@Olu, That would be very much appreciated. Please note the adjustment to the Parabolic SAR vs. the default setting.

Cheers.
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