chickensword wrote: Sat Oct 15, 2022 5:30 am
pro renko not bad just waiting for his template
Let us know how this goes. I'm genuinely curious to see how his template looks and performs, if it is the non-repainting indicator he claims to be.
I should note that the examples the seller gives use Median Renko charts and not Traditional Renko charts. Additionally, if you look closely at his charts, there are some wicks that are too long (i.e. there would be a new Renko brick formed instead of the wick getting longer).
See if he can give you some more insight into how to use his materials. Good questions to ask would be:
- Best renko box size for certain instruments
- Best arrow indicator settings for certain instruments
- How to avoid getting into a loss by a "false" arrow in which price heads in the exact opposite direction
- How to determine optimal entry/exit points, or if we're just blindly buying at an up arrow and reversing into a sell trade upon getting a down arrow
- Other indicators to use alongside the arrows for better entries/exits, if any
- If this arrow works only on Median Renko charts and cannot be used on Traditional Renko charts.
Best of luck!