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Renko Scalping M1

The Renko indicator is a technical analysis tool used in the forex market to visualize price movements and trends by eliminating market "noise." Unlike traditional candlestick or bar charts, Renko is built based on price changes of a specified number of points, called the "brick size." When the price moves by this amount of points, a new "brick" is added to the chart. This indicator ignores time and volume, focusing exclusively on price changes. The main features of the Renko indicator include:

  1. Noise filtration: Since the Renko filter ignores minor price fluctuations, it helps traders better identify major trends and reversals.
  2. Trend identification: It is easier to identify upward and downward trends due to the clear visual representation of bricks.
  3. Entry and exit signals: The indicator can be used to generate trading signals. For example, a change in brick color can serve as a signal to buy or sell.
  4. Adaptability: Traders can adjust the brick size according to their preferences and market conditions. A smaller brick size provides a more detailed picture but can be noisier, while a larger brick size shows major movements but may miss minor trends.

The Renko indicator is especially useful for long-term traders and those who prefer trend trading, as it helps ignore insignificant price fluctuations and focus on significant movements.

Indicator settings:

  • RenkoBoxSize: Size of the Renko brick.
  • UpColor: Color of the Renko line for buying.
  • DownColor: Color of the Renko line for selling.
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Indicateurs
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Indicateurs
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Indicateurs
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Experts
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Indicateurs
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Indicateurs
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Indicateurs
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Indicateurs
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4 (5)
Indicateurs
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Indicateurs
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Indicateurs
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Andrey Kozak
Indicateurs
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Andrey Kozak
Experts
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Andrey Kozak
Indicateurs
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Andrey Kozak
Experts
Amok is a fully automatic trading system that was developed for trading on the EURUSD currency pair, H1 timeframe on micro accounts. Nevertheless, as practice shows, this trading system works well in other currency pairs. Principle of work of the trading robot Amok In the algorithm of the robot, there are more than 7 different trading strategies. This was done to ensure that the robot could work more stably in different market conditions. The program part of the robot uses 12 different indicat
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5 (1)
Indicateurs
ForexGumpXL is a new generation in the forex gump indicator line. More accurate, faster, less complicated in the settings is all about the new ForexGumpXL indicator. In the new version of the indicator, we have applied a truly new algorithm of work. Now he does not just analyze the market for a price reversal, but with the help of an adaptation algorithm, determining the current volatility in the market indicator with a high degree of probability is able to anticipate false price reversals in or
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Version 2.0 2024.05.19
Fixed an error in deleting objects from the chart