RENKO CHARTS

[leftyg]

ron..sounds like we are singing on the same sheet of music..even if I am off-key, as usual.

Yeah..I have used the same 2 box reversal on P&F charts for years. If we had the Renko charts, life would have been easier, and doubtless, more profitable.

The very versatility of the charts means there are a lot of things to explore..I keep getting new ideas to try, and like all new ideas..they need to be evaluated over multiple periods of the market.

I will share one for you that is in it's infancy..in trying to predict likelihood of a reversal. This is a chart of the NYA (the big institutions trade a lot on this index). I have an overlay of $NYHL:$NYTOT (the NY high-low/NY total)..notice how the moves above and below "0" (zero) often mark a reversal point.

btw..since you are vision-impaired..is there a particular chart background that makes it easier for you to view? This is the night view..if it is difficult, I will change it. Regards.

http://stockcharts.com/h-sc/ui?s=$NYA&p=D&yr=1&mn=11&dy=0&id=p81547755397&listNum=1&a=131155112