Hi

A new idea just come to me.It's very easy and looks good so i post it here.Hope we can make it better.

This is renko chart with a fractal indi.

you can see the higher-highs lower-lows and so on as the fractal tells you that.

I think we can do wave trade with it.

If we only care about last 3 fractal,say what will happen?

1:up-fractal,down-fractal,up-fractal.

2:down-fractal,up-fractal,down-fractal.

3:may be anything else.

In case 1,if the 2nd up-fractal is lower than the first one,we think it is an down-trend and we sell when the price break the down-fractal.

In case 2,same to case1 but we buy.

In case 3,we do nothing.

this is the case 2.

here we buy

when to close?

so,when to close?IDK the best answer.close however you like and be kind to share the way you close.

mahanxiong

A new idea just come to me.It's very easy and looks good so i post it here.Hope we can make it better.

This is renko chart with a fractal indi.

you can see the higher-highs lower-lows and so on as the fractal tells you that.

I think we can do wave trade with it.

If we only care about last 3 fractal,say what will happen?

1:up-fractal,down-fractal,up-fractal.

2:down-fractal,up-fractal,down-fractal.

3:may be anything else.

In case 1,if the 2nd up-fractal is lower than the first one,we think it is an down-trend and we sell when the price break the down-fractal.

In case 2,same to case1 but we buy.

In case 3,we do nothing.

this is the case 2.

here we buy

when to close?

so,when to close?IDK the best answer.close however you like and be kind to share the way you close.

mahanxiong