Can one combine Renko (1 min) with some moving averages to work out a system ? Maybe a stoploss of 1/2 bricks and a fixed target ? Here's a Kite renko chart of bankindia future 1 min. The default brick size today is 0.1955. The averages are 8/36/200
The thing is, with Renko not caring much for the time element, the move may be too swift for a trader to catch. So maybe one can catch a retracement, which every trending move seems to have.
The thing is, with Renko not caring much for the time element, the move may be too swift for a trader to catch. So maybe one can catch a retracement, which every trending move seems to have.