Renko chart is a range indicator, that I use to identify trends, entries, and exits.
Trading rules to consider:
1. Short trades on red bricks
Buy trades on green bricks
2. There is no reference for SL
3. There is a reference for TP. If you are short after a red brick was created, for example, then the trade might be closed with the first green brick created.
Safe trading!
Trading rules to consider:
1. Short trades on red bricks
Buy trades on green bricks
2. There is no reference for SL
3. There is a reference for TP. If you are short after a red brick was created, for example, then the trade might be closed with the first green brick created.
Safe trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.