I love how simple and calm your videos are, no garbage, simple straight forward, well scripted. Although, I've been trading for years I often come back to your videos to keep my habits healthy!
I second that. No fancy intros, no unnecessary self promotion, no BS. Just really good information. These are some of the best videos anywhere. Thank you!!!
Great video. I'm writing a trading bot utilising psuedo renko charts and this video has informed me to solve some problems I've run into. Fantastic, thanks!
Hello sir i have good logic about Renko EA. Prepared myself. Need to share someone who able to code for me also i need mql file from the coder. Thanks.
Thanks for this. I appreciate it hat you went over your multi factor approach for entry confirming entry points as well as provided strategies for how to capture gains. Subscribed.
The key question is how to choose the size of the brick... how did you choose the 100? Did you use the last move of the stock and divide it by a certain number to determine that?
hi thanks for the interesting video a little confused about the box size ....... you say 100 but 100 what ? in TradingView there are 2 kinds of box, traditional and ATR (14). which type of box did you choose? thanks !
I guess it depends on the market pair... if you choose crypto then a lot of bricks are formed at once... if you use ATR, you can't set alerts... well I think there is no right number, we need to adjust as we test...
@@alxcancado i noticed the alerts thing, but zoomed out in time def gives a decent overview to an assets direction . i think its pretty neat for a longer-term investor in that respect. it seemed to be pretty good on a 30 min timeframe in crypto though - not like looking at noisy candles thats for sure
Hello Secret Mindset :) im being following you quite long now. Really you helped me to build my mindset. Thank you from bottom of my heart. im watching your Renko strategys and realy like to try them. To use the renko chart there is certain settings and EA's we have to download. Can you please kindly make another video about how and where to download Renko chart & EA's, how to setup on MT4, and what historical chart data we have to download for renko chart? Honestly i will feel more safe to download renko chart if you recomend me any links. Not only me i believe mose of your subcribers we feel safe to listen to you. you always teaching us honest knowledge. Thank you again for helping us building our dreams :)
@@geor664 renko ot tradingview does not work,because it's not supported. Tradingview works only with timeframes,renko has no timeframe, it's pure price action
Marios You might like to mention that the choice of Renko bar size is a balance between the amount of noise reduction (the larger the Renko bar size, the greater the hysterisis and hence the greater the noise filtering) and on the down side the larger the bar size, the more of the begining of a trend you sacrifice.
I was thinking the same thing it's not really OBV. but then I looked at volume and when Renko is on it gives me volume per brick. So any Vol based indicator will work it just going to be "per brick".
RSI for swing trading is showing different VALUE in Renko and candlestick charts on weekly time frame. Please inform me which value of RSI is most reliable for making trading decisions.
Thanks a lot. Your way of explanation a strategy is simply superb. My doubt is whether the above scalping strategy with Renco Bars will gives same good results for Intraday trading too?
Can you please tell me the platform that i can use for making my analysis using Renko charts? and Is this strategy applied to the intraday trading in penny stock? I mean that i will also use the 100 points for each bar?
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!
Thank you very interesting how do one sync OBV and Renko chart as my understanding is renko chart has only the price element and not time ? Please advise if my understanding is correct
awesome video man, once my mentor showed me renko charts, that is stricly what i trade now. I tend to day trade and scalp, just curious how your strategy would be if you were scalping? would you follow these same indicators?
The principles are the same, you just have to lower the brick size for smaller time frames. I tried scalping with renko but didn't record consistent profits, that's why I use renko as a swing trading tool.
@@thepeacefulmumma7055 my pleasure. If you need any kind of help of Renko trading then contact me here => m.me/affiliatesgrow I looking real people to generate trading team. Thanks.
@@SamLozanorenko bricks aren't based off time. I would look at the underlying you're trading and determine the price level for each brick as it fits into the current market movement/conditions
Great video. Is there a preferred time frame for this strategy. Will it be effective on 15 min chart for scalping. If yes, what should my brick settings be. Thanks in advance.
That's the whole point - time dimension is removed, un-warping/un-distorting pure price action. Set renko brick size according to each security, futures contract or FX pair
thanks to your video, since you teach me this renko, I want try it out. At this moment, my first try, doing well. Just want exit ... but have pay some pation.
@@markobazu4348 i stoped using it. Didnt work well for cryptocurrency swingtrade. But if you like to find resistence and support lvl, this tool is helpfull to understand the lvl’s. I prefer it as accumulating tool. If you looking for long bullrun, i think this tool is usefull. But i dont recommanded as daytrading. It usefull for long run
Most renko charts repainting itself in different shape when we change the time frame and also when I close meta trader platform and open it again, do you have a solution to this problem? I think there is a problem in programming them all.
Read more about *IQD momentum strategy* on net, this system by lukasz wilhelm got the problem solved for me. you strategy or system has a time framed to enter each trade in any location if you want to go into futures,short or long term trading time frames.i believe his method is the best known for such in history. i tried it with and it worked.
Hi great video! I am wondering do you need to have 2 different charts up e.g one Japenese candles and one Renko up to use Renko?I have heard that it will not process the Candlestick data on Renko unless you have 2 go different going. I am on Tradinview/Oanda. Thank you in advance.
Sir is there any difference or change in strategy if i reduce the brick volume from 100 to 10 ? I mean i want to copy your strategy but in lower volume.. pls reply thank you
you missed the whole point of renko charts. but if what you mean by timeframe is refresh rate, then it should be in seconds. i.e. a new renko bar will form within one second after price has moved by x points.
great video man, will be practicing this strategy on demo for a couple months. Quick question, should this strategy be traded same times as a normal candle stick strat? For example, trading AU in NY session? or should i just watch the markets all day? Also what Block count do you recommend for scalping, still 100? Also would you get in a trade at the open or close of the renko brick?
Great video! Subscribed👍 Can you please elaborate on your Renko settings? What do you mean "100 renko brick"? Are you using ATR or Traditional as box size assignment? Many thanks and sorry if i missed this info somewhere!
The problem I found using renko, not like chart base on time, renko bar can print and disappear for several time in volatile market. So what the best time frame to use renko? Thanks
I love how simple and calm your videos are, no garbage, simple straight forward, well scripted. Although, I've been trading for years I often come back to your videos to keep my habits healthy!
Thank you!
I second that. No fancy intros, no unnecessary self promotion, no BS. Just really good information. These are some of the best videos anywhere. Thank you!!!
this is actually how i always try and picture markets in my head wow!! never knew this type of chart existed thats so coool need to look into this
I only use a RENKO CHART with my moving average exponential set at 21 and an RSI. I can't lose. I love your videos too !
Good stuff!
you'll be losing constantly in the chop
@Philip Gregory bro plz tell me if Renko is profitable or not I am new to the market
@Philip Gregory how do you use renko
@@philwright4826 not if you read the context
Your videos are excellent - keep up the awesome work and thank you for all you do to educate!
Thanks a lot!
I include the true strength indicator to evaluate the slopes of the MA10 and the OBV. Thanks for this video
Thank you!
Great video. I'm writing a trading bot utilising psuedo renko charts and this video has informed me to solve some problems I've run into. Fantastic, thanks!
Thank you!
Hello sir i have good logic about Renko EA. Prepared myself. Need to share someone who able to code for me also i need mql file from the coder. Thanks.
I can do for you
Thanks for this. I appreciate it hat you went over your multi factor approach for entry confirming entry points as well as provided strategies for how to capture gains. Subscribed.
Thanks and welcome!
Great video, I watched the whole ads for you sir. Thanks.
Thanks!
Great content on your channel, man. Thanks for posting!
Thank you Daniel!
3 videos in so far on your renko series; all great information that's helped change the way with renko. Thank you!
Thanks a lot!
This video is clear simple and effective. Thank you!
👍
The key question is how to choose the size of the brick... how did you choose the 100? Did you use the last move of the stock and divide it by a certain number to determine that?
Search on our channel. We have other Renko videos, explaining how to choose the box size.
you are the best teacher out there. great work
Thank you!
Great strategy! TFS
Glad it was helpful!
What settings for bar would you use for crypto?
Are there any alerts or ways to help get warning that a possible set up might be forming ?
only alert that can used is support and resistance alerts on tradingview
hi thanks for the interesting video
a little confused about the box size .......
you say 100 but 100 what ? in TradingView there are 2 kinds of box, traditional and ATR (14). which type of box did you choose?
thanks !
In Tradingivew it's brick size of 1
I guess it depends on the market pair... if you choose crypto then a lot of bricks are formed at once... if you use ATR, you can't set alerts... well I think there is no right number, we need to adjust as we test...
@@TheSecretMindset Sorry i just saw your reply. thats great ! thanks again. i was experimenting this week. definitely a useful trend indicator :o
@@alxcancado i noticed the alerts thing, but zoomed out in time def gives a decent overview to an assets direction . i think its pretty neat for a longer-term investor in that respect. it seemed to be pretty good on a 30 min timeframe in crypto though - not like looking at noisy candles thats for sure
@@TheSecretMindset ATR 1 or bricksize 0? When i switch to brik size the candles disapear
Hello Secret Mindset :)
im being following you quite long now. Really you helped me to build my mindset. Thank you from bottom of my heart.
im watching your Renko strategys and realy like to try them. To use the renko chart there is certain settings and EA's we have to download.
Can you please kindly make another video about how and where to download Renko chart & EA's, how to setup on MT4, and what historical chart data we have to download for renko chart?
Honestly i will feel more safe to download renko chart if you recomend me any links.
Not only me i believe mose of your subcribers we feel safe to listen to you. you always teaching us honest knowledge.
Thank you again for helping us building our dreams :)
use tradingview , dont be cheap
@@eo333 tradingview+renko? U have to be kidding
@@vangelovvangelov5365 can you elaborate instead of just making dismissive noise?
@@geor664 renko ot tradingview does not work,because it's not supported. Tradingview works only with timeframes,renko has no timeframe, it's pure price action
Marios
You might like to mention that the choice of Renko bar size is a balance between the amount of noise reduction (the larger the Renko bar size, the greater the hysterisis and hence the greater the noise filtering) and on the down side the larger the bar size, the more of the begining of a trend you sacrifice.
I love you man :)
but OBV doesn't work on Renko chart , i must switch to time chart to see it
Actually it does, you just have to add MA into OBV and hide OBV main line
Aero try a 20ma with the obv and see if the obv line above the 20ma
I was thinking the same thing it's not really OBV. but then I looked at volume and when Renko is on it gives me volume per brick. So any Vol based indicator will work it just going to be "per brick".
Fantastic! You're an excellent teacher and your approach was very helpful.
Thanks a lot!
Good one....what timeframe works well with Renko Charts? Thank you.
Great video! Thanks for sharing!!
► Join TSM Academy: thesecretmindset.podia.com/academy
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Nice
The Secret Mindset Nice , what time frame do you use for scalping?
Thanks sir
Great after watching more than 10 video. Your video fullfill my question
Excellent👍
How to decide the correct Renko box size? How about Renko box with ATR?
Wel, you have to backtest to decide the most suited box size for your strategy. I don't like using ATR-based Renko.
the issue is renko bricks changes, how do you overcome that?
Planning a new Renko video soon.
what are some options for renko charting? Most chart services don't have them. Thanks!
Tradingview Pro plan has renko.
Scnd renko subject I found on your channel, the first is explosive ichi / renko. I'll become a specialist ! ! ! ;-)
Dig deeper, there are more Renko videos ;)
RSI for swing trading is showing different VALUE in Renko and candlestick charts on weekly time frame.
Please inform me which value of RSI is most reliable for making trading decisions.
Great Video and Explanaiton - I'd like to try this for day trading, you think I'm ok on 10-15 min Renko Charts to make trades?
Sure.
The ATR (Average true range) of 1M and H1 is different plus different for like eurusd and nas100 so you have to base the breaks from the atr
this is great but how would I use this on futures market?
Hi
I couldn't see anything on OBV graph with Renko .OBV appears if I use candle stocks. Please help me
If your broker platform doesn’t have obv, just use any momentum indicator even Macd can do the job .
This is a great complete strategy to work with. Thanks a lot, keep up with the great work!
👍
Thanks a lot. Your way of explanation a strategy is simply superb. My doubt is whether the above scalping strategy with Renco Bars will gives same good results for Intraday trading too?
Can you please tell me the platform that i can use for making my analysis using Renko charts?
and Is this strategy applied to the intraday trading in penny stock? I mean that i will also use the 100 points for each bar?
ThinkOrSwim has it. Just Google how to set it up.
renko charts with urban forex price action looks really promising
This seems like a fantastic strategy. I am excited to try it out. Looks pretty cool if it works.
Best of luck!👍
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!
planning an updated renko video👍
Thank you sit for this videos, please for quick scalping how much can i make in renko parametres please?
👍 New renko video soon
Great video and excellent video on Renko strategy...
Appreciate it!
Great video thanks brother I will use what I have learned in my trading !
Thank you so much for the knowledge
You bet!
Can you please recommend me a good brick size for day trading,shall I go with 10?
Yes, 10 is a good fit for day trading.
Thank you so much sir ..clearly information renko charts
Thank you so much.. I have a better understanding
Happy to help👍
Thanks dude. Appreciate it.
Any time!
Thanks for the video, very good. What is the best time frame to use this strategy?
hello , thank you for this tutorial , can you tell me what time chart range i can use ?
merci
1 day and 20 ticks are better.
Great strategy!. I will test it!. How do you setup Renko bars to 100?
Renko chart is my strategy.
How to use it
could you help me pls wich renko boxes value is the best and if possible explain more
We have several videos on Renko, search on your channel.
Great video
What time frame is suitable for Forex pairs and indices?
Hello, you speak of 100 pips Renko size = 10 points. Would you recommend that in the DAX? Thanks for the Video.
Hello very interesting your video, to operate the gold you think bricks of 100 pips or should be larger
For gold 100 pips is ok.
Thank you very interesting how do one sync OBV and Renko chart as my understanding is renko chart has only the price element and not time ? Please advise if my understanding is correct
Just one word, superb !
👍Much appreciated
awesome video man, once my mentor showed me renko charts, that is stricly what i trade now. I tend to day trade and scalp, just curious how your strategy would be if you were scalping? would you follow these same indicators?
The principles are the same, you just have to lower the brick size for smaller time frames. I tried scalping with renko but didn't record consistent profits, that's why I use renko as a swing trading tool.
I work with Renko from last 4 month with 200% grow my account.
@@ImranKhan-kz8vs wow thats great stuff!
@@thepeacefulmumma7055 my pleasure. If you need any kind of help of Renko trading then contact me here => m.me/affiliatesgrow
I looking real people to generate trading team. Thanks.
@@ImranKhan-kz8vs.. Hi.. Kindly advisr
nice videos sir, is there a backtested report, whats the profit factor and winrate?
Great video... Plz make one video of box value also like how much point of box one should make in diff value of shares 👍
👍
Your tutorials are awesome! Is Renko applicable also to stocks on intraday trading (5 / 15 minutes)?
Thanks. Yes, you can adjust the brick size for intraday trading.
@@TheSecretMindset what size briks for 5 or 15 min?
@@SamLozanorenko bricks aren't based off time. I would look at the underlying you're trading and determine the price level for each brick as it fits into the current market movement/conditions
Boa noite? Qual plataforma utilizada
Tradingview
That's very useful. Thanks.
Thanks for the explanation on Renko chats
Great video. Is there a preferred time frame for this strategy. Will it be effective on 15 min chart for scalping. If yes, what should my brick settings be. Thanks in advance.
That's the whole point - time dimension is removed, un-warping/un-distorting pure price action. Set renko brick size according to each security, futures contract or FX pair
thanks to your video, since you teach me this renko, I want try it out. At this moment, my first try, doing well. Just want exit ... but have pay some pation.
Hello Buu, how has your renko trading been? You facing any challenges?
@@markobazu4348 i stoped using it. Didnt work well for cryptocurrency swingtrade. But if you like to find resistence and support lvl, this tool is helpfull to understand the lvl’s.
I prefer it as accumulating tool. If you looking for long bullrun, i think this tool is usefull. But i dont recommanded as daytrading. It usefull for long run
Thank you very much. Interesting
Thanks for helpful video
-Renko, OBV and SMA found on Tradingview.
-hard to find renko on metatrader/MT4
I've searched indicators on Tradingview and haven't found Renko. Can you point to where you've found it?
@@geor664
-upper left where fx pair/asset found.
-can you see the candlestick icon? click that and see list
-below is a "renko"
@@josephjocson1385 Yes! Thank you , found it now
Renko is the types of candle it's not a indicator🎉🎉🎉🎉🎉🎉🎉@@geor664
Most renko charts repainting itself in different shape when we change the time frame and also when I close meta trader platform and open it again, do you have a solution to this problem? I think there is a problem in programming them all.
I have solution about that. But need to work like team met. So contact me.
@@ImranKhan-kz8vs
I'm ready to contact you
give your messenger link or any other way
Read more about *IQD momentum strategy* on net, this system by lukasz wilhelm got the problem solved for me. you strategy or system has a time framed to enter each trade in any location if you want to go into futures,short or long term trading time frames.i believe his method is the best known for such in history. i tried it with and it worked.
decent video. Wondering what you normally trade with it. What where the bricks set to?
👍can we use this with 5 minute chart... in investing default atr setting is 14...should we change?
Sir How to use renko chart in intraday trading?
Thank you for the video. please what size of brick would you recommend for scalping stocks? thanks in advance.
10-20 cents/brick size, depending on the volatility of the stock
@@TheSecretMindset Thank you
How to change the bricks settings I can't find such settings on trading view
Thank you, very informative!
I notice some of the renko bricks do have wicks... What do those represent?
New Renko video this Monday!
wow very nicely done my Friend !!! :-) Thank You greetings from Germany
Thanks a lot!
Which timeframe is to be used? When I put 100 in box size, screen is blank, no bar is appearing.
Watch our latest video on Renko, it will help you!
@@TheSecretMindset Thank you
Hi great video! I am wondering do you need to have 2 different charts up e.g one Japenese candles and one Renko up to use Renko?I have heard that it will not process the Candlestick data on Renko unless you have 2 go different going. I am on Tradinview/Oanda. Thank you in advance.
I have the TradingView Pro + plan and I don't have this issue, maybe on basic plan there are some limitations.
@@TheSecretMindset Good to know, thank you!
perfect!!! Could you please intriduce me the best version of RENKO for mT4?
Thank you so much for very clear.
Glad it was helpful!
excellent video hatts off real extract no time pass
Thank you so much for very clear information on Renko with SMA
were u using atr or traditional?
traditional
Sir is there any difference or change in strategy if i reduce the brick volume from 100 to 10 ? I mean i want to copy your strategy but in lower volume.. pls reply thank you
U can change in settings
What timeframe are you using to display the Renko bars in this video?
you missed the whole point of renko charts. but if what you mean by timeframe is refresh rate, then it should be in seconds. i.e. a new renko bar will form within one second after price has moved by x points.
great video man, will be practicing this strategy on demo for a couple months. Quick question, should this strategy be traded same times as a normal candle stick strat? For example, trading AU in NY session? or should i just watch the markets all day? Also what Block count do you recommend for scalping, still 100? Also would you get in a trade at the open or close of the renko brick?
Could you make a video on Weis wave indicator?
👍 Noted
Great video, thanks. I just noticed that Renko Chart don't use the current time on chart?
That is correct
Based on what is said in the video, a Renko chart has no correlation to time. I find some of my days only have 4 bars, while others have 12 or more
@@aimhighmediaservices8875 Thats why you also use a Moving Average with the Renko as Marious suggested.
Good explained
Great video! Subscribed👍 Can you please elaborate on your Renko settings? What do you mean "100 renko brick"? Are you using ATR or Traditional as box size assignment? Many thanks and sorry if i missed this info somewhere!
Planning a new Renko video. Also, check out out other Renko videos.
Very good presentation, thanks
Thank you!
What exchange or chart platform are you using to get the Renko, OBV and SMA10 set up like that? Thanks!
Tradingview
The problem I found using renko, not like chart base on time, renko bar can print and disappear for several time in volatile market. So what the best time frame to use renko? Thanks
That's why I use renko for swing trading and not for day trading or scalping.
@@TheSecretMindset ah ok so its better not to use for trading gold with 10 point bricks?
Great Info! Is yoru OBV on each tickor each Bar Close, Tick, or Price Range? Thank you for making this clear to understand video.
You are a genious Mr.mindset
Thanks a lot!
Hello, Where are you getting the RENKO_Charts.
Tradingview
Which Renko bar number was used on this video ? 3R , 5R , 10R ....? Thanks
RENKO charts are also based on time high volatility blocks may not print
Day trading better or intraday , wat about other indicators with it parabolic sar , stochastic for confirmation