The majority profitable technical trades implement a portfolio of indicators, and search for some consensus among them. concentrating on single forex indicator is highly dangerous, and won"t probable bring to satisfactory results. Renko V1 integrates the rules of intraday candlestick charts & Relative Strength Index, thereby providing a suitable range similar to Relative Strength Index for intraday market trading by showing overbought & oversold markets. This specific trading indicator indicates the cumulative sum of upward days and down days over the window time and measures a level that may range from zero to 100. Confused, if you arent assured that technical trading forex or options is for you, check out or course, introduction to trade price dealer kinds, to choose your recommended type.
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