RENKO CHARTS

[leftyg]

Hey learn..I think the candlestick and indicators could profitably be used for confirmation.

You're right about the weekly being a delay.....but if the market is just churning day to day..and no real trend developed..the elimination of whipsaws on the daily might well make up for the "losses" due to a delay in getting a reversal signal.

To evaluate yield (if I were to capture all of the trend perfectly, as shown on the chart)..I count the bricks up and down..always subtracting at turns for the fact that for at least two brick you are in the "wrong" instrument. Most of my evaluations have shown the weekly is surprisingly close in yield to the daily..and maybe with less angst. Regards.

did I say that I hate whips..and am on a quest to find the best way to deal with them?