Thread: Kagi, Renko and other ... - Nisson.
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Old 10-06-2005, 06:47 AM
newdigital newdigital is offline
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Some people asked about this indicator.
Please find some explanation about Renko system in word file (in russian language sorry).
And 3 pictures.
I may say only that you may use this indicator for buy or sell signals (B2 - S2, B5 - S5 and B6 - S6). In case of "horizontal" trend (L) you may receive false signals (B1 - S1, B3 - S3, B4 - S4). So, you need to use some filter to avoid the losses in this case. White "brick" is buy, black one is sell. Besides, this indicator is creating the signal about reverse trend (see the picture).
Attached Images
File Type: jpg renko-1.jpg (30.2 KB, 1210 views)
File Type: jpg renko-2.jpg (42.4 KB, 980 views)
File Type: jpg renko-3.jpg (44.9 KB, 916 views)
Attached Files
File Type: doc Renko.doc (21.5 KB, 412 views)
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