Some people asked about this indicator.
Please find some explanation about Renko system in word file (in russian language sorry).
And 3 pictures.
I may say only that you may use this indicator for buy or sell signals (B2 - S2, B5 - S5 and B6 - S6). In case of "horizontal" trend (L) you may receive false signals (B1 - S1, B3 - S3, B4 - S4). So, you need to use some filter to avoid the losses in this case. White "brick" is buy, black one is sell. Besides, this indicator is creating the signal about reverse trend (see the picture).
Kagi, Renko and other ... - Nisson.
The set of these ridiculous indicators has bought for $23.
Unfortunately only *.ex4.
If they will help somebody (with what I doubt) I shall be very glad .
are those indicators readjusting itself? (standard question lol)
ok, by the way, how do you put those ma`s on renko?
Drag and drop the MA from the Indicators (not custom) in navigator.
Then in the apply to drop down window select first indicators data. The MA will then work in the lower window from that indicators data.
Try it on a CCI...very nice
Dont you just love Met 4
Martin
wow, thanks a lot!!!
Drag and drop the MA from the Indicators (not custom) in navigator.
Then in the apply to drop down window select first indicators data. The MA will then work in the lower window from that indicators data.
Try it on a CCI...very nice
Dont you just love Met 4
Martin:confused:
Then in the apply to drop down window select first indicators data. The MA will then work in the lower window from that indicators data.
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Renko_v1 indicator.