WHAT: A $$$$ ridiculously good $$$$ strategy based on my previously published ''Renko Magic''alerts https://www.tradingview.com/script/kcQ88UH2-Renko-MAGIC-Alert/
HOW WORKS:
- ENTER a trade JUST AFTER 1 renko brick is printed.
- EXIT that trade, and open a new reverse position, just after 1 renko brick is printed in the opposite direction.
Simple!
HOW TO ...
In this Video Chart I just wanted to introduce new traders to another shiny tool they can add to their toolbox. I think for even the smaller time frame traders, looking at trend direction on the higher time frames like the daily is important to give bias to your positions. Because Renko bars are based on price and not on time this helps clear up all the noise of ...
Dear team!
Another trick I'm sharing ... Renko charts. For those that don't know renko plots bars differently to candles. Each bar represents like a fixed price drop, say $100. If you drop by $400, then it plots 4 red bars (4 x $100), and if it increases by $500 it plots 5 green bars (5 x $100). This supposedly takes out all the noise in the system (or at least ...
Diving into Renko because I love its simplicity and minimalism.
This is an exploration of a potential strategy for COINBASE:BTCUSD using Renko and Ichimoku.
I like imagining my charts as diving in and out of sea. When it's above water, go long. When it's below, short or stay away.
RENKO set to Close, Traditional, and Brick Size 1/20th of current asset value. ...
Was waiting for the uptrend to regain steam again.
Previous resistance of 95.40 is broken.
If the 96.35 level also breaks I will enter a new long position.
Comments/tips are appreciated.
This caught my eye as the weakest Dow performer today. It's broken support set by the year's opening range + numerous other sell signs.
See arrow projection for possible downside trade.
Long term renko chart (100 pip) looks like it could be cycling through a continuation pattern. With price stepping up higher and TSI dropping back but remaining above 0, price could be set to breakout to upside.
Looking at 10 pip chart for timing, the breakout could be starting now.
https://www.tradingview.com/x/8rc8VP69/
The 20 pip ...
Using Renko Charts with Tenkan Ichimoku Line here
ZCoin looks like it's floating in between support levels, hanging low beneath the Ichimoku Tenkan line.
Odds are that we'll be dropping down to the 0.003 BTC support zone from Fall 2017.
It's a pity - was hoping that all the ZCoin masternodes could help keep the price up.
On the Renko chart, you can clearly see that Bitcoin is in a falling wedge, but what I want to note here is the volume based on price level.
A way to think about this chart is, there has been more volume in the smallest amount of price range since Bitcoin's all time high.
Now this could mean that its just a very large stepping stone, right before capitulation, ...
Multi Time Frame Renko charts
cross over of the lower time frame (box size) is the signal for buy/sell.
Selection between the ATR and traditional box size is done by user. If you go by the traditional box size you have to select the box size manually. So change some based on the price of the Currency (you can begin by 1/10 of the currency price).
Tips:
It can ...
Eu vejo o Bitcoin tomando impulso para um salto acima maior.
Este método Renko permitiu visualizar os movimentos sem interferências analisando a força compradora sobrepondo a vendedora.
Bitcoin se dirigindo aos 10K esta é minha opinião mas não uma recomendação para longo ou short.
Veremos nas próximas 24 horas.
Boas ondas e bons lucros.
Aloha!
Aos surfistas do Bitcoin neste gráfico utilizo o método Renko para analisar o comportamento do preço do Bitcoin.
Percebo um padrão repetido conforme destaque grifado. Se confirmar essa tendência teremos para a próxima troca da maré uma série longa de ondas com altura de até 15 pés ( 15% ) atingindo ao menos 1.618 da fibo ( único indicador utilizado para ...
