Renko line in the sand (Renko line in the sand) | Forex indicator download- MT4/MT5 resources

I've been trading Renko for a while now, seen good days and bad days, caught some tops and some bottoms, blew out an account, survived two margin calls in 24 hours (yesterday). I've been cautious and spontaneous, but I still keep at it.

I have collected a few strategies in Renko trading but don't have the discipline to follow one of them.
I started this post to outline how I plan to trade my favorite setup, the "Line in the Sand"
This is more of a diary and discussion post, so feel free to weigh in. (Objective BS welcome)

Many thanks to Dean Renko Trading http://www.forexfactory.com/dee50 for proving it is possible, and to the faithful poster http://www.forexfactory.com/showthread.php?t=513860

Basic elements <br> I use the OVO Renko builder, but any other Renko builder will do (you just need to refresh the chart from time to time).
You can learn the basics of Renko trading from multiple topics on FF and Youtube videos.
I use 2 charts with 10 pip size and 2.5 pip size.

The idea is to go short below 200MA and long above 200MA, some people like to go short LL LH and go long the opposite, however, I have not found that it protects you from whipsaws and pullbacks, so I like the hidden divergence (HD) highlighted by MACD or TRIX.
index
10 point Renko chart
200LWMA (Typical price for shift 2)
3EMA (Shift 2 closing prices)
2.5 point chart
3200LWMA (Shift 2 typical price) This is a 10 point Renko 200LWMA "curve fit" to 2.5
200LWMA (Typical price for shift 2)
3EMA (Shift 2 closing prices)
What both timeframes have in common
MACD 7,30,4
MACD cross alert
SwingMan UltraSuoer TRIX (default)
ICT Asia Conference.
Optional <br> International UnionPay Pivot
SUPERJOLT DUPLICATOR (on M1 chart)
News Center
P4L clock

Target <br> Previous day's highest price/lowest price during Asian session high/low
S&R
soft target
3200LWMA

So let's do this.

June 7, 2018

Things change and few stay the same.
I updated the system so that I use the Evolutionary Median Renko chart as my control chart and the O-dot chart as my entry chart.

This article is very relevant. https://www.forexfactory.com/showthr...8#post10077388

You may want to skip to this page later. https://www.forexfactory.com/showthr...607294&page=12