there a main established trend? DecisionBar has been polished and perfected based on active trading forex zloty valuta experience of more than two decades. Past performance is not necessarily indicative of future results. A DecisionBar is a specific candlestick on a candlestick chart, or a specific bar on a bar chart, that presents a natural trading opportunity. A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount.
Perfect for day-traders swing-traders and investors. A truly great work has been done by Myronn, the author of the current Trend Line Trading Strategy. Support-resistance trading, trend line trading, checking higher time frames, money management the strategy has a concrete-like theory base and a simple implementation a winning combination, that places it into the category of advanced strategies. Divergence on Stochastic can be found the same way as on macd.
This is the Renko chart in figure. I dont know, 5 seems like a good number to me I have five fingers on each arm and similarly for the legs, so 5 is a number I was born with Put 10 pips if you want. ATR with a value of full time work from home jobs customer service 14 is the default value for Renko charts and should generate a very usable chart in most cases. In addition, the Average True Range stops have both Static and Dynamic settings. The "Average True Range (ATR method uses the value of the ATR indicator to determine the brick size. Edward Revy, hello all, First of all, this site is awesome.