viras34

Renko Patterns

Simple Renko chart patterns indicator

  • One-Back Pattern
    Two-Back Pattern
Oct 11
Release Notes: Added ZigZag Pattern
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how to use ?
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viras34 Vikrantshah
@Vikrantshah,

Rules for trading One-Back Patterns
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Enter at signal.
Bulish pattern fails when the price moves below the lowest brick of the first swing. Place a stop loss one brick below the bearish brick.
Bearish pattern fails when the price moves above the highest brick of the first swing. Place stop loss one brick above the bullish brick.
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viras34 viras34
Rules for trading ZigZag Patterns
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ZigZag pattern indicates confusion and typically occurs towards the end of trend. It cold also indicate the possibility that a trend reversal may occur soon.
Enter at signal.
Trade bulish pattern with stop loss one brick below the bearish brick.
Trade bearish pattern with stop loss one brick above the bullish brick.
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@viras34, buddy i understanding the use of renko, i was asking about how to use the indicator
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