I introduce the RENKO - RSI Merge feature. I am very happy about this as it solves draw down problems as well as sub-optimal entries after oversold or overbought conditions in a long/short trend.
I answer several questions by folks that are trying a demo of the strategy and companion indicators. This strategy has excellent backtest performance on $BTCUSD, $LTCUSD, $EURUSD, $GBPUSD, DJI/NDX100/SPX500 futures. RSI-RENKO Strategy . Renko Trend Momentum Indicator.
Introduces the RSI-RENKO Divine Strategy. Part 3.
Introduces the RSI-RENKO Divine Strategy. Part 2.
Introduces the RSI-RENKO Divine Strategy. Part 1.
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...