50# Renko arrow with Real MACD
MACD as Filter
Renko trading with arrow.
Submit Kris
Renko arrow with Real MACD is a trend following strategy based on renko chart. The trend arrow is filtered by fast MACD. This strategy is only for renko chart.
Box Size 3 pips or higher.
Currency pairs majors.
Metatrader Indicators
Renko live chart indicator
Renko arrow
Fast MACD oscillator (5, 15, 1).
Trading Rules Renko arrow with Real MACD
Buy
Swing arrow buy.
Fast MACD oscillator > 0
Make profit options:
profit target predetermined (example 3 pips box size 15 pips)
exit at the opposite arrow
Initial stop loss on the previous swing low.
Sell
Swing arrow sell.
Fast MACD oscillator < 0
profit target predetermined (example 3 pips box size 15 pips)
exit at the opposite arrow
Initial stop loss on the previous swing low.
In the picures Renko arrow with Real MACD in action.
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