Saturday, June 02, 2012 11:41:33 AM
Here is the Renko template I use
http://stockcharts.com/h-sc/ui?s=IVAN&p=D&yr=0&mn=6&dy=0&id=p62639401824
I like to see the Stochastic cross over and rise above 20; a white price bar close above EMA 5; a Parabolic SAR dot appearing under the price bar; and the CCI rising above -100. Also, the volume bars will be blue indicating that buying predominates, rather than pink indicating selling pressure.
You can substitute the RSI for the CCI, add a MACD, etc., but I find this setting to be a lean and clean charting machine.
Last weekend, I made a template that displays all stocks priced beteen $0.50 and $2.00. (These charts are sized at 360.) When you click on the Renko chart, it automatically pulls up Stockcahrts Gallery, Yahoo finance, and Barchart. The code for this is:
<a onclick="window.open("http://stockcharts.com/freecharts/gallery.html?WTF";); window.open("http://finance.yahoo.com/q?s=WTF&ql=1")"; href="http://barchart.com/quotes/stocks/WTF"; target="_blank"><IMG SRC="http://stockcharts.com/c-sc/sc?s=WTFS&p=D&yr=0&mn=6&dy=0&i=p90533956409&r=1338202783382"></a>;
<a onclick="window.open("http://stockcharts.com/freecharts/gallery.html?RINO";); window.open("http://finance.yahoo.com/q?s=RINO&ql=1")"; href="http://barchart.com/quotes/stocks/RINO"; target="_blank"><IMG SRC="http://stockcharts.com/c-sc/sc?s=RINO&p=D&yr=0&mn=6&dy=0&i=p72688458215&r=1338213908645"></a>;
Note that you must link to the "linkable" version of the Stockcharts image URL. Here is how it looks:
In looking back on last weekend, because all of the stocks in this series (between $0.50 - $2.00, with average daily volume of at least 500,000) turned out to be non-OTC stocks, it would have been more efficient to have linked only to the Nasdaq Stock Consultant, e.g.:
http://www.nasdaq.com/symbol/ivan/stock-consultant
For OTC stocks, the more complicated coding to open the multiple windows is a must, because Nasdaq's Stock Consultant does not cover OTC stocks.
Here is a link to a very useful page describing a Renko mechanical trading system: http://breakpointtrades.com/controls/preview.php?nl_id=267
http://stockcharts.com/h-sc/ui?s=IVAN&p=D&yr=0&mn=6&dy=0&id=p62639401824
I like to see the Stochastic cross over and rise above 20; a white price bar close above EMA 5; a Parabolic SAR dot appearing under the price bar; and the CCI rising above -100. Also, the volume bars will be blue indicating that buying predominates, rather than pink indicating selling pressure.
You can substitute the RSI for the CCI, add a MACD, etc., but I find this setting to be a lean and clean charting machine.
Last weekend, I made a template that displays all stocks priced beteen $0.50 and $2.00. (These charts are sized at 360.) When you click on the Renko chart, it automatically pulls up Stockcahrts Gallery, Yahoo finance, and Barchart. The code for this is:
<a onclick="window.open("http://stockcharts.com/freecharts/gallery.html?WTF";); window.open("http://finance.yahoo.com/q?s=WTF&ql=1")"; href="http://barchart.com/quotes/stocks/WTF"; target="_blank"><IMG SRC="http://stockcharts.com/c-sc/sc?s=WTFS&p=D&yr=0&mn=6&dy=0&i=p90533956409&r=1338202783382"></a>;
<a onclick="window.open("http://stockcharts.com/freecharts/gallery.html?RINO";); window.open("http://finance.yahoo.com/q?s=RINO&ql=1")"; href="http://barchart.com/quotes/stocks/RINO"; target="_blank"><IMG SRC="http://stockcharts.com/c-sc/sc?s=RINO&p=D&yr=0&mn=6&dy=0&i=p72688458215&r=1338213908645"></a>;
Note that you must link to the "linkable" version of the Stockcharts image URL. Here is how it looks:
In looking back on last weekend, because all of the stocks in this series (between $0.50 - $2.00, with average daily volume of at least 500,000) turned out to be non-OTC stocks, it would have been more efficient to have linked only to the Nasdaq Stock Consultant, e.g.:
http://www.nasdaq.com/symbol/ivan/stock-consultant
For OTC stocks, the more complicated coding to open the multiple windows is a must, because Nasdaq's Stock Consultant does not cover OTC stocks.
Here is a link to a very useful page describing a Renko mechanical trading system: http://breakpointtrades.com/controls/preview.php?nl_id=267
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