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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). |
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Quote:
Then in the apply to drop down window select first indicators data. The MA will then work in the lower window from that indicators data. ? |
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LinkBack to this Thread: http://www.forex-tsd.com/indicators-metatrader-4/247-kagi-renko-other-nisson.html
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| Posted By | For | Type | Date |
| تابع تبديل كندلها - صفحه 4 - Sarmaye Forums | This thread | Refback | 07-07-2007 08:22 AM |
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