Diving into Renko because I love its simplicity and minimalism.
This is an exploration of a potential strategy for
BTCUSD using Renko and Ichimoku.
I like imagining my charts as diving in and out of sea. When it's above water, go long. When it's below, short or stay away.
RENKO set to Close, Traditional, and Brick Size 1/20th of current asset value.
The area that the RENKO crosses in and out of is the Tenken-Sen of the ICHIMOKU
The ICHIMOKU has the Chikou, Kijun-Sen, and Kumo removed and is optimized for Crypto with 10, 30, 60, 30 settings.
Basically, when the bricks are above the Tenken-Sen, go long. Trail your stop loss 2-3 Renko bricks behind the current bar.
Let's see how this goes! Have fun.
Inspired by this Renko Ichimoku Strategy below:
This is an exploration of a potential strategy for
BTCUSD using Renko and Ichimoku. I like imagining my charts as diving in and out of sea. When it's above water, go long. When it's below, short or stay away.
RENKO set to Close, Traditional, and Brick Size 1/20th of current asset value.
The area that the RENKO crosses in and out of is the Tenken-Sen of the ICHIMOKU
The ICHIMOKU has the Chikou, Kijun-Sen, and Kumo removed and is optimized for Crypto with 10, 30, 60, 30 settings.
Basically, when the bricks are above the Tenken-Sen, go long. Trail your stop loss 2-3 Renko bricks behind the current bar.
Let's see how this goes! Have fun.
Inspired by this Renko Ichimoku Strategy below:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.