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Trend Analysis

Using Renko Charts to Uncover SECRET Bank LevelsRenko charting has a unique way of displaying price data by filtering out smaller fluctuations and focusing only on substantial price moves. With a setting of Average True Range (ATR) 13, Renko charts become even more powerful for finding key institutional levels—what many traders call "secret bank levels." These are the levels where large institutional traders place their orders, often leading to significant price moves. In this tutorial, we’ll dive into how you can use Renko charts with an ATR setting of 13 to identify these bank levels and improve your trading strategy. What Are Secret Bank Levels? Institutional or bank levels are price points where big players—like banks and hedge funds—are likely to buy or sell in large quantities. Retail traders can leverage these levels by understanding where the big money is moving, aligning their trades accordingly. Renko charts, with their clarity in price movement, help identify these areas by smoothing out noise and highlighting essential support and resistance zones. Why Renko Charts? Renko charts are designed to filter out minor price movements, providing a cleaner view of market trends by focusing solely on significant price changes. Unlike time-based charts, Renko charts print a new "brick" only when price moves by a specified amount, determined here by the ATR 13 setting. This brick-by-brick approach can reveal clear levels where price repeatedly finds support or resistance, often signaling where major institutions are setting up their positions. Setting Up Renko with ATR (13) Choose Your Charting Platform: Most charting software, including TradingView and MetaTrader, offers Renko charting. Make sure your platform supports Renko and ATR-based calculations. Configure Renko with ATR (13): Open the Renko chart on your selected asset (e.g., EUR/USD, GBP/USD). In your settings, set the brick size to use the ATR indicator and specify an ATR length of 13. This setting is designed to adjust the brick size based on the recent average true range, capturing a balanced view of price movement. This 13-period setting adapts to recent market volatility, allowing Renko bricks to reveal significant price movements that matter to large institutional players. Adjust Timeframes: Since Renko charts don’t follow traditional time-based intervals, switch between higher and lower timeframes (like the 1-hour or 4-hour charts) to observe different levels of institutional interest. Higher timeframes generally provide more reliable secret bank levels, but you can switch to lower timeframes for refined entry points. Identifying Bank Levels with Renko and ATR (13) Now that your chart is set up, let's move on to the process of identifying institutional levels. 1. Look for Brick Clusters at Key Levels Renko bricks tend to form clusters at significant institutional levels. When you see several bricks stacked horizontally with little movement, it often indicates a zone where price is struggling to break through, either as strong support or resistance. Use these clusters as potential entry or exit points, aligning with the institutional flow. 2. Identify Breakouts and Rejections When price breaks out of a cluster or encounters rejection (where bricks reverse direction after hitting a level), you may be witnessing bank-level reactions. Watch for bricks that quickly shift direction after hitting a level—these can signal that institutions have stepped in to either push price further or halt its momentum. 3. Note Patterns and Reversals at Round Numbers Banks and institutions often place orders at round numbers, which are psychologically significant levels (like 1.2000, 1.2500). As Renko charts with ATR (13) are sensitive to significant price changes, they can help highlight when price respects or bounces off these round numbers, offering clues to potential institutional zones. Practical Example: Trading Secret Bank Levels with Renko Let’s say you’re analyzing EUR/USD on a Renko chart with an ATR 13 setting. Identify Clusters at 1.2000: After setting up your chart, you observe a cluster of Renko bricks at 1.2000, indicating a strong support zone. This level has held multiple times, suggesting institutional buying interest. Wait for a Brick Breakout: You then see price breaking out with consecutive Renko bricks closing above 1.2000. This breakout suggests that the buying pressure might push prices higher. Enter and Manage Your Position: Take a buy position after confirming the breakout. Set your stop loss just below the cluster at 1.1980 to minimize risk. If you’re looking for a shorter-term position, aim for profit at the next round number, like 1.2100. For a longer-term trade, follow Renko’s direction, adjusting your stop as the bricks move. Tips for Trading Bank Levels with Renko and ATR (13) Trust Your Levels: Renko charts can simplify your analysis, but it’s easy to second-guess your levels. If you’ve identified strong clusters or patterns at certain price points, trust your analysis. Use Alerts to Avoid Over-Trading: TradingView and other platforms allow you to set alerts at specific price levels. This way, you won’t need to stare at charts all day. Thank you for watching and feel free to leave a comment to let me know your thoughts on Renko and if you see yourself using this chart type. -TL Turner
Education
by TLTurnerTV
2
WEEKLY FORECAST OCT 26th: SELL US & UK CRUDE OIL In this video, we will analyze the CRUDE OIL markets in the US and UK, looking through the lens of ICT Concepts. Price has traded up into a bearish FVG, so therefore I am BEARISH. Price can turn neutral in this geopolitical environment, but maybe the inside bar will act as a harbinger of bearish things to come. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:CL1!Short
by RT_Money
2
EUR | USD | GBP Weekly Forecast Oct. 28: SELL EU & GU!In this video, we will view the markets through ICT Concepts, focusing on the USD, the EURO, and the GBP. The retracement in the USD Index is overdue and pending... but not yet! There is still room to the upside, which means EURUSD and GBPUSD will likely be BEARISH, as the USD is stronger than both at this time. Look for the FVGs to hold price or fail, and let them guide you. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6B1!Short
by RT_Money
SPX 500 I Two areas of potential long opportunity Welcome back! Let me know your thoughts in the comments! ** SPX500 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
SP:SPXLong
by BKTradingAcademy
2
EURJPY I Potential upside but caution around Yen Policy RateWelcome back! Let me know your thoughts in the comments! ** EURJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
4
EURAUD I Slight correction and potential upside Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
US30 I Potential long from bottom of the channel & weekly levelWelcome back! Let me know your thoughts in the comments! ** US30 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
CAPITALCOM:US30Long
by BKTradingAcademy
2
Analog Devices, Inc. | Chart & Forecast SummaryRight Here You Can See Analog Devices, Inc. Registered As (ADI) On The New York Stock Exchange, Analog Devices Is An American Multinational Semiconductor Company Specializing In Data Conversion, Signal Processing, And Power Management Technology, Headquartered In Wilmington, Massachusetts The Following Chart & Forecast Summary On Analog Devices, Inc. Has been Subject On Key Indicators on A Trade Set Up in General Like A 1. A Push Set Up 2. A Range Set up 3. And A Break & Retest Set Up Overall Conclusion | Like The Trade Plan Execution & Risk Management on Demand It Tells Us "Neutral Bias For Now"
CAPITALCOM:ADI
by P-Ment4U
Bitcoin: The Short and Long (Term) ViewI want to give a video breakdown of my last Tradingview post which did very well as an Editor's Pick. Commentors posed some very good questions that deserve detailed explanations. First, I talk about the confluence of three major levels of Resistance that setup last week and remained the overhead Resistance of INDEX:BTCUSD Bitcoin this week (and possibly in the short term). Finally, lest I be accused of being TOO BEARISH... my LONG TERM view (going out for the next decade and beyond) using logarithmic projections of Bitcoin price action to define the Risk and Reward of a long term (2030 and beyond) investment. When Bitcoin is a good and not-so-good value proposition.
INDEX:BTCUSDShort
by norok
3
Bitcoin - Now Is The Time For A Breakout!Bitcoin ( BITSTAMP:BTCUSD ) will exit the consolidation now: Click chart above to see the detailed analysis👆🏻 The only factor which is really driving the price of Bitcoin is technical analysis. And everything is pointing towards a bullish breakout above the preivous all time high and significant follow through. Make sure you somehow participate in the bullrun, either with altcoins or Bitcoin. Levels to watch: $70.000, $100.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
13
Mag 7 Earnings - Something will Break (Ceiling or Floor?)797 stocks reporting earnings next week Notables include GOOGL LLY CAT META MSFT COIN AMZN AAPL XOM CVX MA V $15 trillion in market cap at play as the US markets are still very close to all-time highs with a melty-uppy vibe. I'm cautiously bullish and could certainly see the highs get blown off with strong earnings momentum dominating the sentiment. I could also see Mag 7 disappoint investors with "not enough growth" and any pullbacks on Mag 7 will certain drag on the entire market. Survive next week, then it's onto the US Election, FED, Non-Farm Payroll. No big deal, it's just trading :) Thanks for watching!!!
HKEX:HSI1!
by ChrisPulver
Reversal into downtrend setup taken with DJ30 today explainedIn this video, I walk you through my entire thought process during today's trading session. You'll learn how I selected the pairs and executed three key trades: * NAS Uptrend Continuation long (BE) * Silver Parabolic Reversal Short * DJ30 Reversal into Downtrend I'll also provide a detailed explanation of the Reversal into Downtrend setup, helping you understand how to apply this strategy in your own trading. Reversal into downtrend is one of my personal A+ playbook setups. Don't miss out on these valuable insights and tips!
OANDA:XAGUSD
by TC888
NOT - FREEFALL Possible for NOTUSDT NOT is short term bearish as we lose the higher-highs and form a bearish M-Pattern in the daily timeframe. In an earlier post, I made an important note on how to trade newly released altcoins - and share a key fact that is might come handy for NOTusdt: Additionally, we've fallen below the 50d Moving averages in the daily timeframe - also a bearish indicator for the immediate term. Don't miss this update on BTC, as BTC will determine the direction of most of the market: _______________________ BINANCE:NOTUSDT
Short
by CryptoCheck-
1