Master Renko Bars: The Only Guide You'll Ever Need!
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- Опубліковано 19 вер 2023
- Ⓜ️ Your challenge to go from novice to pro: technicalanalysisinstitute.co...
Welcome to our in-depth guide on Renko charts, a powerful tool in the world of technical analysis. Whether you're a novice trader seeking to understand the basics or an experienced trader wanting to refine your skills, this video is for you.
In this 1-hour masterclass, we delve deep into the intricacies of Renko charts, revealing their unique characteristics that set them apart from typical candlestick charts. Learn how to read Renko charts accurately, and discover actionable trading strategies tailored for these distinct charts.
Topics covered:
✅ Introduction to Technical Analysis and its relevance in today's trading landscape.
✅ Renko Chart Basics: Understanding the bricks and their significance.
Renko Chart Patterns: Identify high-probability setups for both intraday trading and swing trading.
✅ Advanced Renko Trading Strategies: Enhance your trade entries and exits with the help of other indicators.
Trading Psychology: Mastering the mental game when trading with Renko charts.
Why Renko? Unlike traditional charts, Renko charts filter out the noise, focusing solely on price movements, making them a favored choice for many top traders.
If you're aiming to integrate Renko charts into your trading toolbox, seeking to maximize profit potential and minimize losses, or simply curious about alternative charting methods, this video is your ultimate resource.
Don't forget to 'Like', 'Share', and 'Subscribe' for more expert content on trading and technical analysis. Drop your questions and experiences with Renko charts in the comments below, and let's foster a community of informed traders!
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Renkou 連行 - 連 Continous, Connected, Group 行 line, Row, verse
Thank you for the video!
Thank you for your help with the translation! Love it!!!
Another Brilliant class!!! Thank you so much for the amazing value you bring to all of us. Truly an invaluable channel! 💯
Thank you so much for your enthusiastic feedback! It's incredibly rewarding to hear that you find the classes brilliant and valuable. We're committed to continuing to provide high-quality content that supports your learning journey. Your kind words are truly appreciated and motivate us to keep creating and sharing more! Keep watching and let us know how we can further assist you in your journey. 🌟
Amazing. Thanks for this amazing vid!
You're very welcome! We're delighted you found it valuable🙏
Thank you for amazing work.
Thank you so much for your kind words! It's feedback like this that motivates us to keep delivering quality content. Don't hesitate to reach out if you have questions or suggestions. Happy trading!
Thank you sir very much❤❤❤. Awesome strategy ❤❤❤.God Bless You❤❤❤
Your appreciation means a lot to us! ❤ I'm glad you found the strategy helpful. May your trading journey be fruitful. Stay tuned for more insights, and God bless you too!
Super strategy 👍
Thank you for your feedback! I hope the strategy helps you generate large profits.
Book name: Beyond Candle Sticks By Stephen Nison
Thank you! I had obviously forgotten the name of the book at the time of that training - which I believe it is many years old... Thank you for your contribution and help with the book.
Siddhii has pretty eyes!
57:13 The problem with this strategy is on the higher time frames the moving average lag by 3-4 bricks.... On lower the time frames there is still a lag but increased false signals..... Renko is not compatible with oscillators and moving averages as they lag.
Nup , u have to learn how to print the right box size for that
how do you print the right box size for Nasdaq and Gold?@@harshsharma7900
What would be the right box size equivalent to a 1 min candle chart? @@harshsharma7900
Thanks
You're very welcome!!!
Hello, what is the MA you are using please?
It's called GMMA
Combined with Aldo Top indicator
Thank you for your feedback. To be honest, the TOP Indy is a clever combination of 9 indicators which are no so typical, yet are extremely effective. However, combining with any indicator that you read well and are familiar with all its nuances would dramatically put the edge in your favor. In other words, we don't believe there is any indicator that is magical, and that includes ours. They all can serve a purpose if they are used at the right time.
For instance, the TOP Indy is a trend following indicator. That means two things:
1) To be sed effectively, just like any other tred following indicator, you need to first be able to identify the trend with a certain degree of accuracy.
2) Used in non trending markets will only give wrong signals.
I hope this helps clarify and demystify the TOP indy.
Hi
How do I get the Aldo top indicator?
Thank you for inquiring about the TOP indicator. It's a proprietary tool I designed specifically for my students some years ago. Now it is only available in Trading View for a small license fee.
While it has not been available to the public as a standalone tool for some time now, we're offering a $1 trial to anyone who wishes to test it and uses tradingView as a trading platform.
However, I should say that the function of the TOP Indy can be substituted by any other reliable timing indicator. If you do want to register fora trial, please get in touch with our support team at:
support@technicalanalysisinstitute.com
Mam please 😊teach us non repaintable strategy
Thank you for your interest. To be honest, we only teach Renko as an introduction to something else. We don't believe it is possible to trade consistently using Renko bars alone for it lacks Market context.
Having said that, a non-repaintable strategy refers to a trading strategy where the indicators used do not change their values retroactively. And Renko charts are an excellent tool for creating non-repaintable strategies, as they filter out minor price movements and noise, making trends easier to spot.
Here's a potential setup you can play with...
1) Choose a combination of a moving average (to determine the trend direction) and the Relative Strength Index (RSI).
2) Ensure these indicators are set to not repaint. That means once a candle/bar closes, the indicators' values are final.
3) For a buy signal, wait for the Renko chart to display new bricks indicating an uptrend and confirm the buy signal with the RSI crossing above 50. Inside our member's area you'll find a full training on the RSI.
For sell signals, look for the opposite conditions.
I hope this helps you. Thank you kindly for your request.
😂😂😂 if you believe her, than you end up in hell....
Renko charts are having very big issues such as repainting and it doesn't consider time.
Don't waste your time😅