Renko Brick Price Action Archives

The Best Renko Indicator For Trading Is Momentum

Momentum indicators are the best Renko indicators for our trading strategies. And because Renko charts are price only charts, time or volume indicators are not considered.

But these Renko momentum indicators are made with different calculations and are used differently in our Renko trade setups. This is very important for removing redundancy when trading with indicators.

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Renko Chart Trading: Renko Trade Setups And Entry Bricks

Renko chart trading uses price bricks and is thus affected by their real time price action. This is especially a factor in determining when you know you have Renko trade setups and can enter trades.

The main reason is that the Renko price bricks are completed in different amounts of time. Additionally, the rate at which they complete is not the same for the whole brick. Thus, it is important to see the trade setups as soon as possible.

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