Discussion about Renko : (from Varun's thread)

[monkeybusiness]

Could you post cl chart in 1m tf

???

 

[doss186]

Now notice that the backward bricks started differing from previous chart. But we don't have any repaint in the forward direction. Is it tradable or difficult?

The shift was because of a flat brick between 24700 & 24800. But that does'nt affect our trade anyway.

 

[jd1234]

@monkeybusiness I think he is asking for Crude oil

 

[monkeybusiness]

Now notice that the backward bricks started differing from previous chart. But we don't have any repaint in the forward direction. Is it tradable or difficult?

Right said,
now the thing I am watching out for is reversal, how it happens and how it handles.

 

[monkeybusiness]

@monkeybusiness I think he is asking for Crude oil

Don't have crude data.

 

[doss186]

Dear Renko,

What are you telling us since last 3-4 hours ?


View attachment 22322

To only overcome such situations we are discussing new methodologies in renko.

 

[doss186]

Dear Renko,

What are you telling us since last 3-4 hours ?


View attachment 22322

TP Ji are the yellow and white lines DEMA values that I told?

 

[Tuna]

Dear Renko,

What are you telling us since last 3-4 hours ?


View attachment 22322

TP upper line of the RCTNGLE have to be 1 brick Higher. See the swing high.

 

[Tuna]

To only overcome such situations we are discussing new methodologies in renko.

MB - Can you create a second pane below the price pan and paint a renco on the OBV? See if the pattern holds good considering both are green or both are red. You can create some rules.

 

[monkeybusiness]

To only overcome such situations we are discussing new methodologies in renko.

Time to book profits, and get ready for shorts?