We're going down, down in an earlier round And Tron, we're going down swinging I'll be your number one with a bullet A loaded God complex, cock it and pull it
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.
StochRSI shows a bearish crossover
Higher low on 4h Renko Chart and StochRSI shows a bullish crossover
Higher Highs and Higher Lows on 4h Renkochart and StochRSI shows a bullish crossover
Upside momentum MACD is increasing on 1h,4h and Daily Renko Chart and StochRSI shows a bullish crossover
StochRSI bearish crossover (overbought zone) and a Double Top
Buying Volume and Higher Lows on 1H and 4H Renko chart. Upside momentum MACD is increasing on the Daily Renko chart and RSI bullish crossover
Double Bottom and MACD upside momentum is increasing on the Daily Renko chart (ATR 14) and Higher Lows on 1H and 4H Renko chart (ATR 14)
Upside momentum MACD is increasing and Higher Low on 1H Renko chart.
A bullish divergence (RSI) and buying power on Daily Renko chart (ATR 14) and Higher Low on 1H Renko chart. Upside momentum MACD is increasing
This 1D BTCUSD chart is based on Renko Candlesticks, the CM_Trendbars, 4 EMA (9,15,21,55) and a custom DMI. Renko Chart patterns come from Japan, and they apparently mean 'brick'. They are a cousin of the Heikin Ashi candlestick patterns, using weighted calculations of the OHLC (open, high, low, close) but without the time. Renko candlesticks are now well know...
Waiting for a double top at 0.91700. Pitchfork is active working great. higher timeframe is down fib extension 127.20 is only 10 pips from the last major top. simple but clear and easy to understand.
Momentum turns bearish. Let's see if the support level at 5900 will hold.