Renko Street Indicator FREE Download 2022
Renko Street Indicator is a Renko chart indicator that provides simple buy/sell signals. It is a trading system that uses the Renko chart to filter out all market noise (Manipulations and spikes).
About Renko
The Renko chart is based on PRICE rather than TIME. Renko charts are updated in real time, tick by tick. Renko charting is thought to be the most accurate method for predicting the shift in market sentiment that precedes a new trend. The appearance of a different color candle indicates a trend reversal.
Trading in the direction of the trend and exiting when it reverses is a simple system to follow. On Renko charts, support and resistance levels are easily visible.
Renko Indicator charts smooth out market noise, show the trend clearly, and identify reversals. Renko charts are very useful for identifying key support and resistance levels for traders. When the direction of the trend and the color of the candles change, buy/sell signals are generated. For each Renko candle, the actual volume values are displayed.
This Renko indicator system can provide trading signals that you can use as-is or combine with your own chart analysis to further filter the signals, which is recommended.While this system can be used by traders of all levels of experience, it is recommended that you practice trading on an MT4 demo account until you are comfortable and confident enough to trade live.
The Renko Street Indicator can send you signal alerts via Mobile Notification or platform pop-ups.This is advantageous because it eliminates the need to stare at the charts all day waiting for signals to appear, and it allows you to monitor multiple charts simultaneously. The Renko Street Indicator can be used on any Forex currency pair as well as other assets like stocks, commodities, cryptocurrencies, precious metals, oil, and gas.
