BTC USD 82,963.6 Gold USD 4,158.47
Time now: Jun 1, 12:00 AM

Koleksi Custom Indicators Meta4

Basic trend reversals are signaled with the emergence of a new red or blue brick. A new blue brick indicates the beginning of a new up-trend. A new red brick indicates the beginning of a new down-trend. Since the Renko chart is a trend following technique, there are times when Renko charts produce whipsaws, giving signals near the end of short-lived trends. However, the expectation with a trend following technique is that it allows you to ride the major portion of significant trends.

Since a Renko chart isolates the underlying price trend by filtering out the minor price changes, Renko charts can also be very helpful when determining support and resistance levels.
 

Attachments

Latest Posts

Live Forex Chart

Currency
Rates
EUR / USD
1.13355
USD / JPY
157.579
GBP / USD
1.32105
USD / CHF
0.83415
USD / CAD
1.41934
EUR / JPY
178.538
AUD / USD
0.69786
Back
Top
Log in Register