OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Renko Charts (Japanese)are very usefull in filtering out minor moves ..looks like mid JAN for an entry point right now ..let the chart tell you !

Posted by Ororeef @ 0:46 on December 6, 2017  

silver-renko

Renko charts are similar to Point & Figure charts in that they dont record every move just advances or declines thats why the dates seem to be oddly spaced .This chart starts jan 1 2016  ends today12 6 2017.when constructing the chart click on “inspect” at the top to get an exact date .Something I discovered is that a moving average of 8 always works with Renko charts to identify change in direction ..Dont ask me why it just works very well ! along with “price labels” and a change in block color ….Lots of math going on in this type of chart ..

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.