Hey, Can anyone tell me how to open 3 brick and 10 brick renko in a platform. I tried to open it but only one type brick size of renko chart opens, I couldn't able to open up the other brick size. Any one can help me in this regard would be greatly appreciated. I am using "renkolivecharts_pimped_v4_13" file for renko chart civilpes2001
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It would help if you actually explained what you are doing. The world would be a fantastic place if we were all psychic, but unfortunately we are not. In the mean time look at the pictures and see if they help. First picture is the defaults for Renko pimped.
{quote} It would help if you actually explained what you are doing. The world would be a fantastic place if we were all psychic, but unfortunately we are not. In the mean time look at the pictures and see if they help. First picture is the defaults for Renko pimped. {image} {image} {image}
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Thanks for the explanation,I sorted it out earlier itself.
I would really appreciate it if some of the more experienced users of the system could please comment on how they relate the 3 & 10 pip renko charts. I see comments about not trading against the 10 pip chart but would it be possible to explain what this actually means , is it the 150 MA on 10 pip renko, or the 5 EMA, the support/resistance on 10 pip or even the individual block. I am trying to understand what information the 10 pip renko provides when using this on trading the 3 pip. Apologies if the above is not particularly clear, just trying to understand this important relationship and how it plays out in day to day trading. Thanks in advance for any help
While we are at it. below excel sheet shows how consistency with only few pips per day will amass for long period of time. you can change the pip target and also I have put pip value as 9, it can also be changed according to the pair. {file}
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Yes, that is very through. But the problem is how to make the consistent pips daily.
{quote} The following charts are trying to answer the question ... where is the LOW of EURUSD? 4 charts = 2 x history + 2 x projection. {image} {image} {image} {image}
{quote} I dont use fixed Target. Im trailing my trades with higher lows/lower highs and Breakeven. Regards Pipolo
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1. Your Target should be 1.1375 it is "butterfly formation", I think. I expect Short Signal at these levels and come back to 1.1200 but
maybe we first see 1.1375.
2. Today I was looking at 10 pip renko charts and I noticed interesting things that if RED BAR appears than it it very rare that next will be GREEN.
Greater probability is that it will be also RED than GREEN.
From 21.01.2015r until now ... I counted 36 such situation when colour of bar was changed ...R-G-R or G-R-G and only 3 situations were when RED or GREEN bars appeared alone... 3/36 = 8,3%
I mean situations like these ... RR-G-RRRR or GGGG-R-GGG.
Mostly there were miminum 2-3 bars (G-RRR...) after colour of bar was changed.
So if colour of the bar will change than we should expect MINIMUM 20-30pips move in our direction. It give us advantage I think.
