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[REQ]Renko charts eBook

devonfgu

Member
I want to study Renko charts strategy,
who have "Renko charts" relative theory or methodology eBook could share?:)
 

eggzactly

Member
I want to study Renko charts strategy,
who have "Renko charts" relative theory or methodology eBook could share?:)

Hi,

Since 7 years ago i switched to renko bars charts.

Renko Charts are a lagging indicator and in choppy markets can lead to a number of false signals and this is a big challenge for who wants to trade with this type of charts. Most indicators are not build to renko charts, because of nature in renko charts, most of indicators looks the same , if you put lower inputs on them, and renko charts are already an indicator, so is like you put a moving average, over a moving average.

So my advice is begin with simple naked charts, look for patterns on renko "bricks" formations, fibonacci ratios,...whatever you feel confortable with it. When you master the naked charts, you will definitely adapt or create some indicator(s) to put into the charts, or stay with naked charts purely.

Regarding ebook, unfortunately i don?t know any book dedicated to renko bars study.

regards,
 

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