Just looking at your chart I can see that's not true. There's a candle with wick every time there's a direction change, the only time what you point seems to work is the example that you point at.
Actually in my experience (at least with the paid renkos) the wicks are not very trustworthy, sometimes it renders some weird wick formations.
Actually in my experience (at least with the paid renkos) the wicks are not very trustworthy, sometimes it renders some weird wick formations.
DislikedStill new to using Renko charts with wicks, so just noticed with the wick-o-gram indi on a renko charts that the brick with wicks may have better odds of the next brick continuing in the same direction as the last. Or maybe I'm just seeing things. Will have to try keeping an eye on this a while.
Has anyone else noticed this? Maybe this could also be used in a renko prob meter of some kind.
Or just use the visual info as is?
I know we'll have to proof up any new indi's 100 trades or more, but if it doesn't take a lot of space & can leave on chart...Ignored