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Holy Renko

Holy Renko is a trend identifier capable of identify small and long market movements. This indicator should be use in Renko Charts.

 

Features

  • Developed for Renko Charts
  • Easy to use
  • Fast signals
  • Not repaint when candle close 
  • Filters false signals
  • Can be used with indicator Holy Trend
  • Alerts, emails and push notifications
  • Instructions and Guide with strategies [here]

 

Advantages of Renko Chart

  • Easy to install
  • Easy to analyze
  • Filter out the noise of wicks 
  • Easy identification of support and resistance lines
  • Easy identification of trend
  • Each candle represents X pips, not X time


Indicator Parameters

  • period - number of periods to analyze the trend
    • 17 (default) recommended to identify current trend
    • 10-15 recommended to scalper 
    • 15-20 recommended to identify current trend
    • 20-30 recommended to identify long trend
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