One thing I noticed after switching from candlesticks to Renko is that divergence becomes much easier to read because a lot of the time-based noise disappears. I don't use divergence as an entry signal by itself, but as a warning that momentum is ...

Renko Candlesticks: Observations, Strategies, Finding Renko Adept

Interesting XAUUSD idea. One thing I would be careful with is measuring the wick only in fixed points/pips. On gold the same wick size can mean very different things depending on session volatility. A small wick during Asia may be meaningful, while ...

wicks get filled xauusd

I’m also interested in Renko workflows on MT5, especially for XAUUSD. One thing I’ve noticed is that the brick size matters more than the indicator itself. A setup can look clean on one brick size and become noisy or late on another. For gold, I ...

New Renko Builder