Renko price movement above ATR and a strong move.
Are you looking at Price changes? Moves over time? What is it you want to see...? Stuck with Candles looking for patterns? Renko Blocks Henken-Ashi Kagi
Enter today place SL at two candles above
Renko filters all the noise out. Current daily, weekly and monthly renko bricks are ALL red. Add to that, this year, EURUSD missed its yearly pivot (1.17386) and didnt even retest it (heavy bearish market, missed pivots mark the beginning of trends). Long term, EURUSD is likely to drop to the next Renko weekly swing low, which corresponds to yearly MS2.
I use price “bricks” that represent a fixed price move and I ignore time. My bricks are sometimes referred to as “blocks” or “boxes. They move up or down in 45-degree lines with one brick per vertical column. My charts filter the noise by focusing exclusively on minimum price changes. I’m a specialist in identification of key support and resistance levels. Take...
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.
We from past few days Bitcoin has soon an upward movement even after Strong TA showed a Strong Downward movement. However, the Golden Cross happen last week showed a bullish sign. Renko bars are a type of charts that are unique in the way price is charted, where pin bar is considered a confirm reversal. In this hourly chart, it shows rejection around...
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.
This is a 1D BTCUSD (BitFinex) chart using Renko Candlesticks along with a CM_Trendbars (add on), 4 EMAs (9,15,21,55) and a custom DMI - with a focus on the last month of price action. Renko Candlesticks patterns come from Japan and Renko means ‘brick’. They are a cousin to the Heiken Ashi candlestick patterns, using weighted calculations of the OHLC (Open High...
Just came across Renko candles again and maybe this is a good way to spotting harmonics?
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...
Lets it will bounce from here or not. For that you need to check price action in candles.
Ripple is quite the interesting Cross with USD i feel that new support being at approx 0.20023 its still a good time to Long.