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Aug 11, 2017 Difference in results: A WTI Crude Oil Renko chart (Charts: TradingView) : On the left a fixed $2 brick approach and on the right an ATR/4 Current daily, weekly and monthly renko bricks are ALL red. Add to that, this year, EURUSD missed its yearly pivot (1.17386) and didnt even retest it (heavy bearish market, missed pivots mark the beginning of trends). Long term, EURUSD is likely to drop to the next Renko weekly swing low, … This script idea is designed to be used with 10pip brick (recommended) Renko charts. It combines the Renko price action with a directional coloured EMA (default length 6) and a RMI (instead of the usual RSI) indicator to provide entry and exit signals. RMI is bit like RSI with a … Next bullish wave is forming for NSE:BANKNIFTY on Renko charts. Supertrend & Aroon crossover indicates a perfect time to enter in position on Monday. Although, Renko-Supertrend will give exit signal on their own. But, extrapolation of previous Renko Chart resistance indicates a rally till 27250 level which should be a good exit level.
If you want to use intraday Renko, there is a monthly subscription of 15$. I think it is a good price, because you get a whole charting software with Renko included.
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