This early morning I needed to try a concept I’d in your mind for any easy Trading program upon Renko graphs. For anyone which don’t understand what Renko graphs are… they’re graphs along with pubs not really depending on period however upon cost actions. A person arranged the candle/box “size” along with a brand new candlestick is actually attracted only when the cost techniques up/down of this quantity of pips. Indipendently through just how long it requires.
Click Here to Download A NEW Trading Tool and Strategy For FREE
The actual set up is dependant on two pips container Renko graphs. I’m really screening upon EURUSD just for right now. I’m utilizing a two pips container dimension when i desired to check the machine with regard to Scalping. Generally if your Trading techniques functions with regard to Scalping is actually better still with regard to lengthier timeframes .
The primary concept would be to realize the connection in between the amount of clicks that the Renko pubs requires to create. We created the mark quantity sign that provides me personally some info: the amount of lengthy clicks, the amount of brief clicks, the actual distinction as well as the sum of the all of them. This particular for every bar. It’s nevertheless the “personal” sign however I usually desired to submit this as well as I’ll perform without a doubt within the arriving days the moment I’ll create a few information documenting function.