Disliked{quote} Exactly,ur Renko system is very impressive Expo33, could u please share this for me ?Ignored
There's no concrete system per say. At the moment I am live testing median lines coupled with pivots. Renko charts have always appealed to me visually.
One thing I will say is I don't use the same brick size for different pairs. That never made much sense to me considering the difference in daily range between pairs. For this test I am using 13.3% of the average daily range over 20 days. Don't ask me how or why I use 13.3%. I'm extremely OCD when it comes to colors, numbers, etc. In this way I believe the analysis is much more consistent across all pairs.
Anyways, for the AUD/USD trade the ADR over the past 20 days was 63 pips as indicated on the chart. So 63 x .133 = 8.38 pips.
In my opinion, especially when using median lines, it doesn't make sense to use a uniform brick size for every pair. Why use a 5 pip brick for AUD/USD that moves 60 pips a day and use the same 5 pip brick size for GBP/NZD which moves 160 pips a day?
Pride always comes before destruction.... -Proverbs 16:18
DARWINEX ZERO All Time Return:
14.5%