Long: Wait for green candles. It is preferred to have a retest of the decision line for long position. Other places will be break of pre-market highs
Short: Wait for red candles. It is preferred to have a retest of the decision line for short positions. Other places will be break of pre-market consolidation area.
Tips:
Stock should have premarket volume of 50K or more.
It is best if you have a bias long or a bias short, and only take those positions when the set up lines up. Trying to do both will chop you up.
@fhenry0331 loving this indicator. I've combined it with an MVWAP ribbon and Heikin Ashi Trend bars indicator to great effect here on a Renko based chart. It acts as both a take profit and point on trend reversal confirmation. Then take Longs above ribbon/shorts below. Also darker renko bricks indicate RSI is os/ob. Cheers :)