Real Renko Chart Forex Indicator
This is a real Renko candlestick indicator that can be used on live forex charts. The indicator draws 2 colored Renko candlesticks: gray and red.
Gray candlesticks suggest an uptrend, red candlestick suggest an downtrend.
You can combine this indicator with other analysis tools/indicators to build a complete trading strategy or forex system.
Buy signal: Look for buy signals at any gray Renko candlestick (up trend)
Sell signal: Look for sell signals at any red Renko candlestick (down trend)
Currency pairs: any
Time frames: any
Trading sessions: any
Configurable Indicator Options
Colors, method, filter,…
GBP/USD M1 Chart Example