Multi-TimeFrame Renko Price Band (Part 2)I start showing live data and how the band operates. I also discuss the ATR difference between this band and Trading View's Renko candles.
Renko
Multi-TimeFrame Renko Price Band (Part 3)I discuss the behavior of the band when it exceeds multiple Renko price thresholds all in the same time interval.
BTCUSD 15M Renko style trading with Stoch RSI Didn't actively trade this but shows clearly how nice the Renko style is in identifying trend changes.
Amazing scalps are possible with scripts and bots.
Why Renko ? 1) The chart consists of blocks (a.k.a. bricks) which are the same size. These blocks can be bearish and bullish as in a standard bar or candlestick chart.
2) Renko chart does not take time into consideration so, if the Renko chart is set to (10), this means that the next block would not be formed until the price action creates an increase or a decrease of at least ten pips. The block could be formed in a second, a minute, a day or a week
U gonna say , but why renko ?
1) Ability to Spot Trends Quickly
2) Ideal for Support and Resistance Trading
3) Easy-to-Find Chart Patterns
Last days i upload different analysis with renko , be careful because it could take a long loooooong time to give a result.
The following days, upload graphs (D) with traditional renko (5 pips ) and renko ATR ( 40-80 pips or more )
Renko its very beautiful <3 I love renko . Now u could love too LOL
