Median Renko System
Median Renko System is a system which is very good and efficient. It helps to understand the direction of arrows which explains us the increase and decrease level. If arrow is going upward it means rate is increasing but if arrow is going downward it means rate is decreasing.
USES OF MEDIAN RENKO SYSTEM:
The purpose of these bands is to give you proper planning of high and low. It can be used in any time frame. It is the best chart for trading
Median Renko System is used for selling when the Price is in touch with the upper median indicators and buying when the price is in touch with the lower indicator. The difference between the lower and upper and median indicators is evaluating by volatility.
The Median Renko System makes it easy to buying low and sell high. When the trend line is near to a higher position the trade needs to stop one line. Median Renko Indicator will provide the trend to manipulate the channels, trend lines. If the line is going upward direction this is an uptrend, and if the lines going downward direction this trend is a downtrend.
Median Renko System comprises a complete trend-oriented trading strategy, able to identify the market momentum and trade signal. Besides, it offers a less complicated trading method that can be mastered by traders. When the price hits the lower band the buyer give much attention to trade and buys at this time and sells when the price hits the upper band. But when the Bollinger band is using there is proper planning for this trade.
There are many variations in the market some are strong and some are weak.
Uses of Median Renko System:
Currency pairs: All
EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD, USDCAD,EURJPY, EURCHF, EURGBP, EURAUD, EURNZD, EURCAD,GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD AUDCAD, AUDNZD, AUDJPY, CHFJPY, NZDJPY, CADJPY, CADCHF, NZDCHF
Trading Time: 24 Hours
Timeframe: Median Renko System
Recommended broker: All trusted brokers
Remember, Before use Median Renko System you can test on Demo account. When you will expert then you will use in Real account of trading.