- #3,144
- Edited 5:20pm Dec 6, 2023 4:52pm | Edited 5:20pm
For conservative entry wait for first closed candle with high and low below SR Trend line. Vice versa for buy.
SL above / below entry candle, exit at your discretion.
On renko chart same settings 20 /25 same rules:
Play with the SR Trend lengths and find what suits your style of trading.
This indicator may be applicable to EA trading..... we shall see when rules are finalised.
- #3,148
- Dec 6, 2023 6:44pm Dec 6, 2023 6:44pm
- Joined Oct 2010 | Status: Trader | 2,039 Posts
There seems to be a number of ways of using this indicator. {image} length 20 /200. {image} Can use zigzag 72 dotted line as targets after pull back and continuation of trend.
xinitial.
- #3,149
- Dec 6, 2023 6:48pm Dec 6, 2023 6:48pm
- Joined Oct 2010 | Status: Trader | 2,039 Posts
Nice leg.
xinitial. 
xinitial.
- #3,150
- Edited 8:38pm Dec 6, 2023 8:13pm | Edited 8:38pm
- Joined Jul 2013 | Status: Trader | 5,472 Posts
A new day has started.....
Ronin,C and x etc have given systems which can be used as is or one can can use parts of these as a Base and create your own version to suit your own style of trading.....All indicators only give one areas of probability and the final analysis is down to ones self ....the interpretation can vary from one person to another.......If it was easy there would be no Brokers
.......I myself am testing different charts as this is what I like to do and have done so for over 30 years....Can not find the Holy Grail though
Ronin,C and x etc have given systems which can be used as is or one can can use parts of these as a Base and create your own version to suit your own style of trading.....All indicators only give one areas of probability and the final analysis is down to ones self ....the interpretation can vary from one person to another.......If it was easy there would be no Brokers
.......I myself am testing different charts as this is what I like to do and have done so for over 30 years....Can not find the Holy Grail though 
Ronnie Renko
- #3,151
- Edited 8:48pm Dec 6, 2023 8:36pm | Edited 8:48pm
- Joined Jul 2013 | Status: Trader | 5,472 Posts
The options are endless so here is another Pretty Picture...... remember that nothing is Black or White.
Ronnie Van Gogh
Ronnie Van Gogh
Ronnie Renko
- #3,155
- Dec 7, 2023 2:19am Dec 7, 2023 2:19am
- Joined Oct 2010 | Status: Trader | 2,039 Posts
Just turn on my pc and yen surprise me.
xinitial. 
xinitial.
- #3,159
- Dec 7, 2023 2:53am Dec 7, 2023 2:53am
- Joined Oct 2010 | Status: Trader | 2,039 Posts
{image}
xinitial.
