I was unavailable for the Double MACD Divergence earlier today, even the drop from the London session high was caught by the double divergence. The 5 bricks chart made it clear that the way to go was south the retest of the 75% pivot level failed.

Renko Easy Patterns

I'dd noticed the MACD histogram displays divergence apart from the MACD lines displaying Divergence, then I saw a Youtube video about MACD double divergence which is when the Histogram and the MACD lines all highlight a Divergence be it Regular or ...

Renko Easy Patterns

image I keep getting this reply

Synthetic indices trading

I should open a demo and trade Renko with it soon

Synthetic indices trading

image I uploaded images in the previous post but I have no clues as to why they did not appear twice

Synthetic indices trading

I had to abandon this for a while because I wanted to trade it with Renko but it seemed it was unattainable presently until I thought that if I overlooked Volatility 74 Index I might be able to trade some other Index with it so I looked and found ...

Synthetic indices trading

I missed the earlier moves so was too much in a frenzy to make trades. If I had calmly traded it would have been a different story

Renko Easy Patterns

What you get when you don't follow the rules.

Renko Easy Patterns

EURUSD looking good

Renko Easy Patterns

I like trading divergence and the MACD line and I've found that the MACD histogram both highlight divergence and we only wait for the follow through by way of brick colour change. there are very few instances where the follow through doesn't pan out ...

Renko Easy Patterns

I could not catch the FO action but the Masi MACD gave a Classic Bullish Divergence alert and I waited for the follow through and delayed for a little discount.

Renko Easy Patterns

I need to work more on committing to price targets and Fib Retracements and Extensions will be used more going forward in addition to the pivots.

Renko Easy Patterns

Additionally the higher brick chart can also encourage one to continue in the previous direction

Renko Easy Patterns

Okay so it's like a Matrix now, the pure form is to follow an alignment of colours and flow with the trend. image Then we need to filter some trades out as much as possible and that is what the 64 period HMA is on the chart for. image Then of ...

Renko Easy Patterns

So much great stuff here, it's like enrolling as a freshman in Renko College, thanks for sharing, let me catch up from post #1 before I make any further posts.

Renkology

The Higher brick chart shows the validity of the Hidden Divergence between the 25 & 50% mark image The HMA is 16 period, 2.2 divisor and shifts 0 and 1

Renko Easy Patterns

Some more

Renko Easy Patterns

Some observations.

Renko Easy Patterns

The main ingredient is the HMA image There are 2 on the chart the other is with shift 0 The indicators are several but not resource hogs. image

Renko Easy Patterns