- #2,571
- Jun 20, 2019 12:58pm Jun 20, 2019 12:58pm
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
- #2,573
- May 29, 2020 1:02pm May 29, 2020 1:02pm
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
Hi, Nat !!! Good Day! I had to change my laptop and I installed the indicators for the renko chart. Unfortunately this is happenning, please see the screen shot and advice. What needs to be done. Please advice, Regards, Ravi {image}
- #2,576
- Jun 18, 2020 2:01am Jun 18, 2020 2:01am
{quote} Hi ! Maybe you can share main idea here... it's a very interesting thread on Renko...
Chart: Renko
Indicators: Kumo Cloud (from Ichimoku Kinko Hyo).
hamaft3anewualert (this indicator is an HAMA but it has some different values that make it works perfectly with my strategy).
Buy trigger conditions:
The price have to close a renko candle above and completely outside the kumo cloud. The Kumo cloud must be green color.
The Hama must be green color as well.
Close The Position when The HAMA indicator change color in red.
Profit:
Loss:
Sell trigger conditions:
The price have to close a renko candle below and completely outside the kumo cloud. The Kumo cloud must be red color.
The Hama must be red color as well.
Close The Position when The HAMA indicator change color in green.
NOTE: (The kumo cloud color is the one who is forming in the current time and not the one who is below or above the price)
The only problem with this strategy is that is very boring trading with Renko, because you have to constantly watch the screen. That is why I'm looking for some good programmer who can automte the all thing.
