for everyone... always take ATR half value as brick size. take ATR of 15 min regular candlestick, and use half of that ATR value as a brick size. now keep timeframe as 1 min for renko chart. now what happens...renko chart will check every 1 min for formation of brick if price moves equal to half ATR value. with this method, you wont get a late signals for entry & exit. now ATR value can be taken of from 5 min candlestick or 30 min or 1 hour or even daily also. depending upon your trading style and SL affordability. remember for renko brick to reverse, price has to move double the brick size.
Thanks for sharing this strategy. I would like to bring to your notice that Entry and Exits is not as per the strategy.... CE Entry happens after 3 or 4 green candles and exit of CE happens after 3 to 4 red candles & same is for PE. Hope you will answer to this query asap so that this video would be more fruitfull for the Tradetron users. FYI this observation is for Traditional Renko Brick with number 25 for Bank Nifty and 5 minute candle
Hello this is interesting. My concern is that since it doesn't show high and low of candles or of a time in price which could go against you by a lot that it doesn't take that into account and so forth and you could end up with a huge loss. Also the next brick is only showed if its a close of a certain amount so what if it goes higher than that amount will it create multiple bricks? Please enlighten me on these concerns and thanks much!
Hi, Thanks for the video, the problem with this renko chart is that reversal is not captured at the reversal point, Many times it happens like when reversal candle is formed, already count of candle is more than 5 or 6, same thing when square off, difficult to exit at first reversal brick. Any solution for this? Also can you give a clue how to identify if the reversal brick ltp is either at first brick or second.
try this. you already have brick value. so you can directly input your SL into your code once your order enters. if moves get in the direction of your trade you can write alt code to generate a TSL and keep changing it every time a new brick forms
Please provide one entry in one set only, just simple one , if I made one logic for single time entry but it took so many entries in a day , please do it
RENKO IN TT IS HAVING AN ISSUE. lets say position (0) of renko (brick size 5, tf 5mins) is green candle and position (-1) of renko (with same setting) is red candle then as we know open of position (-1) candle cant be equal to close of position (0) th renko candle. But in TT this is happening, as such whenever there is reversal of trend, TT is plotting an extra renko candle beside the candle of previous trend. This needs to be addressed and rectified.
Algo trading with Renko is exceeding difficult. Don't fall for this shite what the charts says and how it trades are two different things! You were warned ok.
![ไลฟ์สุ่ม iPhone 295 บาท... โกงมั้ย?[ โกงมั้ยครับ ep.97 ] | DOM](http://i.ytimg.com/vi/gdstHEE4UUE/mqdefault.jpg)
for everyone... always take ATR half value as brick size. take ATR of 15 min regular candlestick, and use half of that ATR value as a brick size. now keep timeframe as 1 min for renko chart. now what happens...renko chart will check every 1 min for formation of brick if price moves equal to half ATR value. with this method, you wont get a late signals for entry & exit. now ATR value can be taken of from 5 min candlestick or 30 min or 1 hour or even daily also. depending upon your trading style and SL affordability. remember for renko brick to reverse, price has to move double the brick size.
Can you practically explain that.. what timeframe is best for swing or position trading. And this repaint issue how to solve it
Thanks for sharing this strategy. I would like to bring to your notice that Entry and Exits is not as per the strategy.... CE Entry happens after 3 or 4 green candles and exit of CE happens after 3 to 4 red candles & same is for PE. Hope you will answer to this query asap so that this video would be more fruitfull for the Tradetron users.
FYI this observation is for Traditional Renko Brick with number 25 for Bank Nifty and 5 minute candle
Have u find the solution 😢
It is better always to use a 1-minute time frame. Then only the execution problem will not arise
same issue
Hello this is interesting. My concern is that since it doesn't show high and low of candles or of a time in price which could go against you by a lot that it doesn't take that into account and so forth and you could end up with a huge loss. Also the next brick is only showed if its a close of a certain amount so what if it goes higher than that amount will it create multiple bricks? Please enlighten me on these concerns and thanks much!
Hi, Thanks for the video, the problem with this renko chart is that reversal is not captured at the reversal point, Many times it happens like when reversal candle is formed, already count of candle is more than 5 or 6, same thing when square off, difficult to exit at first reversal brick. Any solution for this?
Also can you give a clue how to identify if the reversal brick ltp is either at first brick or second.
try this. you already have brick value. so you can directly input your SL into your code once your order enters. if moves get in the direction of your trade you can write alt code to generate a TSL and keep changing it every time a new brick forms
@@MahaneeshChandra if i wanted to exit if the renko candle is formed in that timeframe
if tsl itll just get hit even if the price touches
exit has to be (AND) or (OR), pls specifiy it Thanks in advance
Please upload video based 9n smoothing moving average
TQ bro , multitime frame works in tradetron ?
Give information how to make our own strategy.
How to add trailing stop loss in the strategy
It's a very very informative video! Thanks a lot for sharing! I was struggling with this for some time
How to add trailing stop loss my trailing stop loss not working in this strategy
@Tradetron
Please provide lesser timeframe. Less than 1m if possible
Could you please build strategy on supertrend and RSI
whether it will work for mcx
Once again I request you to introduce the Ichimoku Keyword at the earliest
How to calculate smma
Renko Bullish brick and barish brick key words not specified can you please halp in that
we should use close[0] < close[-1] and close[0] > close[-1] instead of close[0]< open[0] and close[0] > open[0]
As close[0] is same as ltp and hence you may do a lot of trades.
@@raghu273 close(0) is not LTP.
Please provide one entry in one set only, just simple one , if I made one logic for single time entry but it took so many entries in a day , please do it
Pls add ichimoku indicator?..
Thank you so much❤
Sir please create nadariya Watson envelope tradingview indicator strategy
RENKO IN TT IS HAVING AN ISSUE. lets say position (0) of renko (brick size 5, tf 5mins) is green candle and position (-1) of renko (with same setting) is red candle then as we know open of position (-1) candle cant be equal to close of position (0) th renko candle. But in TT this is happening, as such whenever there is reversal of trend, TT is plotting an extra renko candle beside the candle of previous trend. This needs to be addressed and rectified.
yes
Sir please this strategy edit with stop loss and trailing stop loss
Fisher Transform key words, instead of -1 & -2 etc...
bro regularly videos dala karo plz
Sir pls pls add codes for point and figures chart type too.
thanks a lot vimp
Sir how to set stop loss please
Not provide in video stop loss example
Always create strategy in videos, i am not understand because bow to ise keywords in making strategy
Algo trading with Renko is exceeding difficult. Don't fall for this shite what the charts says and how it trades are two different things! You were warned ok.
Hi can you create me a Algo for based on my points
Not working
I need to create gorilla strategy with renko any one tell me how to make it
Searching for the exact same bro...
Back test dikhao sir ji
Back test कर के दिखाते तो सही रहता