Mcx trading with renko bars

#7
i keep it very simple method strategy.
1 red and blue bars atr based supertrend colored bars red sell white buy
2 blue and red line is trend direction blue buy red sell
3 yellow and white harizontal lines are brekout levels
4 xxx white lines are support and res can be used for targets
5 volume averages is early indication market turning.using of this
indicator little-bit more knowledge required.

as per your trading style you select any one method or more. choice is yours.
now i am not posting any indicators.but i post live calls with chart.watch these calls and observe charts after getting confidence you can adopt this method.
if i give my template now many question rise is it repaints,high lows are not correctly showing, so soo......
in indian traders there are many negative opinion about renko charts.
first i want to clear that by showing performance.
this thread started for new traders who wants earn without learning much.
so senior traders can ignore this thread. if your happy with your system continue with it but please dont disturb us.

sorry for my English i think you can understand my feelings.
good luck happy trading
 

zabeen2004

Well-Known Member
#8
All the best for your new thread Sateshchand. As you mentioned most of the people wont use Renko's because of few reasons like its not time dependent but price, need high end PC's etc. Hope your experience may bring back other to learn renko's. Waiting to see your live action from Monday...
All the best Again.
 
#9
thank you zabeen2004 for you encouragement.
you are right it require high end system and very difficult when data poring like usa session. i am not recommending for nse because fast updating and more scrips and only suiet for MCX.
 
#10
i keep it very simple method strategy.
1 red and blue bars atr based supertrend colored bars red sell white buy
2 blue and red line is trend direction blue buy red sell
3 yellow and white harizontal lines are brekout levels
4 xxx white lines are support and res can be used for targets
5 volume averages is early indication market turning.using of this
indicator little-bit more knowledge required.

as per your trading style you select any one method or more. choice is yours.
now i am not posting any indicators.but i post live calls with chart.watch these calls and observe charts after getting confidence you can adopt this method.
if i give my template now many question rise is it repaints,high lows are not correctly showing, so soo......
in indian traders there are many negative opinion about renko charts.
first i want to clear that by showing performance.
this thread started for new traders who wants earn without learning much.
so senior traders can ignore this thread. if your happy with your system continue with it but please dont disturb us.

sorry for my English i think you can understand my feelings.
good luck happy trading
Hi ., i am interested in ur renko chart trading.can u guide me how to set up this renko chart. Thanks in Advance
 

Similar threads