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you know that renko based on price not on the time it is half truth
box size and number of box formed is independent of time only depend on price
but greyed box become permanent box is time dependent
means that if you use indicator on renko chart it depend on the permanent boxes not the greyed boxes so indicators seems good in backtest in renko actually fail in real trade situation
suggestion -use smallest time frame means in seconds then use small boxes for momentum trading or small and frequent trading or use smallest time frame with large box size for trend based trading
thank me later...............