Brick Indicator
Brick Indicator :-
A wonderful book written by "Prashant Shah" named "The profitable trading with renko chart" has been mentioned many technical indicator in this book. But today we are going to tell about an indicator who does a lot of amazing work inside the Renko chart. The Indicator name is "Brick Indicator" works on very simple calculations. Inside it, it is seen how much Brick Bullish was and how Brick was Bearish. Which shows whether the trend is upwards or downwards. At the same time, inside it we use the line of EMA. So that we can catch the trend quickly.
Brick Line Formula: - Numbers of periods bullish candles - Numbers of periods bearish candles
With this line, we put the line of EMA, so that the signals of the market get even better.
A wonderful book written by "Prashant Shah" named "The profitable trading with renko chart" has been mentioned many technical indicator in this book. But today we are going to tell about an indicator who does a lot of amazing work inside the Renko chart. The Indicator name is "Brick Indicator" works on very simple calculations. Inside it, it is seen how much Brick Bullish was and how Brick was Bearish. Which shows whether the trend is upwards or downwards. At the same time, inside it we use the line of EMA. So that we can catch the trend quickly.
Brick Line Formula: - Numbers of periods bullish candles - Numbers of periods bearish candles
With this line, we put the line of EMA, so that the signals of the market get even better.