zigglewigler
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It's not a problem, that's how it is! Renkos round off price moves into lumps, indicators will move in equally lumpy ways. Use any overbought/sold indicator on renkos to show proximity of reversal. Play with the settings to get the feel of that market, showing extreme exhaustion points, where renko reversals will carry more weight.
zigglewigler
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marthart said:
Yes, the MA's you plot in the chart will look more usual, indicators like stoch will have lumps, a bit like gravy.
I often use renkos as stop and reverse signals. It does take the thinking out of the equation!
Martin, Renko charts are an indicator by themselves, a bit like P&F charts; you could design strategies to work with it along with, say, Candlesticks charts to pinpoint probalbes swings.
Just a suggestion.
Hope this helps.
Eduardo.
Thank Zeppo,when i posted my question i found the files with the renko indicators,i started using it with the USDCHF M15,i will keep you all up to speed on this trade.
Zeppo another question man,will this indicator work well with REAL TIME DATA.
JUST STAY COOL ALL,LATA.
Swyper to the World.
Zeppo another question man,will this indicator work well with REAL TIME DATA.
JUST STAY COOL ALL,LATA.
Swyper to the World.
It should, I suppose; I work only with daily data, but as long as the chart is refreshed, there is no reason why it shouldn't.
Speed wise, I guess that will depend on the power of your computer, but anything which works on an end-of-day basis should do the same intraday - I hope, otherwise you could scream at the m*****s from Equis with great justification!
Eduardo.
