Highly Efficient Intraday Trading Setup using RENKO + MACD + Moving Average

Highly Efficient Intraday Trading Setup using RENKO + MACD + Moving Average


Hello friends, today i am going to share a new strategy This strategy is also very efficient This strategy may give 85 to 90 percent profitable trade signals The basic requirement for this strategy is that we need to select a volatile stock today we take khadim which is volatile enough to trade and understand this strategy I have taken three tools first is RENKO as usual To create renko first we go to display and select Renko This will create Renko Chart In this renko chart we make sure that the box size is auto you can enter manual value but it will create different chart for different stock In auto mode it will create block from 14 period ATR average true range. and it will create same chart for each stock Renko is our first requirement and second the second is 20 period moving average indicator. we take 20 period for this indicator we will not touch anything else for this indicator This is our first indicator which will tell us about trend we will use another indicator to confirm this trend. This indicator is MACD with its default settings So we have created our MACD indicator This is our complete setup which wiil Renko with auto (default) box size and 20 SMA Now we will discuss rules for trading Suppose you want to go long then you have to check that the first green block of renko must be created above 20 SMA and make sure that it created completely. that means that on change in price box should not be vanished for example for one minute chart will show block like this In five minute the block may vanish rapidly So i suggest the period of one minute for better box formation (although it will create little volatility) For example here it crossed the 20 SMA This means that uptrend is started and as it is indicating bullish…. MACD is confirming that trend by line cross and point for going long Both are indicating for going long after formation of that box. This is the entry point And for exit the strategy is the formation of first red block. this give the signal to exit Entry here and exit here You can also use stoploss very efficiently Thumb rule for stop loss in Renko is two blocks (boxes) if you are using Zerodha then you can trail the stoploss that means as price moves in your favour, stoploss will be updated For going short the strategy is…. that the red box is created below the 20 SMA and MACD signal cross confirms it means MACD is bearish bearish means that red line cross the black line see here you shorted and after 5 points green box is created which is exit signal stop loss strategy is same as long but if you are selecting box size manualy adjust your stoploss according because in volatile stock stoploss may hit even our strategy is fine and maintain you risk to reward ratio to avoid loss. when you back test this strategy you will find that you will get at least 8 (buy/sell) profitable trades out of 10. There may be some false signals also so make sure that red or green block must be formed more than 80 % from 20 SMA line as we took here here and here. if there is 50-50 case even indicator is showing that you should enter you should wait for new block formation for confirmation Friends, if you find this video usful then Please Like and Subscribe my channel for more interesting videos.

25 comments

  • jassi duke

    sir for kind informarion renko charts mein time ke koe value nhai ha price based brick plot hote ha 1 min ja 1 hr koe fark nhai

    Reply
  • Siddhesh Tulaskar

    How to calculate and backtest renko chart in excel

    Reply
  • Ankit

    renko cant be used in live markets, blocks disappear instantly, any solution for this?

    Reply
  • payman sedighian

    what ticks you put on renko , 5 ,10 14 ??

    Reply
  • Anthony Arokianathan

    Superb thank you for sharing the knowledge

    Reply
  • Shaikh Atik

    Live mei kaam nahi hota box banta hai phir sei chale jaata hai

    Reply
  • Amit Hanamshet

    Agar 90% sucess ratio hai toh live video main dekhaiye

    Reply
  • RAJKUMAR ASNANI

    इस वीडियो में आपकी आवाज बहुत ही कम है लगता है कि यह वीडियो आपने सिर्फ़ अपने खुद के लिए ही बनाया है।

    Reply
  • wiseman lighthouse

    increase sound of your videios

    Reply
  • Sudarshan Lade

    How to use for short term holding???

    Reply
  • Sudarshan Lade

    Can we use same settings for daily time frame??

    Reply
  • Anirudh kaushal

    Renko use kar k live trading kar k batao, renko Pay gyan koi bhi de sakta hai

    Reply
  • Joyprakash Das

    good dada

    Reply
  • Raju Pandit

    Renku chart ka time kya rkhna hai

    Reply
  • Colonel Bastian

    works well gents.

    Reply
  • vaibhav patil

    super + best

    Reply
  • Sandeep Raut

    Never ever trade with renko charts. It looks good on after market charts only. It is impossible to trade with renko in live market. Please stop making such misguiding videos or prove your strategy in live market.

    Reply
  • Amit Kumar

    You just talking ..where the chart given proper up and down trend….but you not defined where the chart given many times false signal..how we save from that signal….No one is talking about this situation…and just make this copy paste video……please give all information…

    Reply
  • anvith hs

    Nice tip thank you I've one clarification is it same chart settings for long term investment

    Reply
  • anvith hs

    Is it not require super trend for this strategy if require can you please let me know

    Reply
  • anvith hs

    Sir, by using Ur renko strategy which time is the best to pick a stock? Plz reply

    Reply
  • Mudit garg

    I think instead of 20 ma 13 ma will give better and early indications.
    We can also use stochastic 14 instead of macd that also works better.

    Reply
  • PAWAN PAWAR

    Ye Chutiya bana rhe h sab ke sab 😡😡😡😡

    Reply
  • sumit kumar

    Red ke baad phir se green bhi ban jata hai boss, atleast 2 red ban dene chaiye phir exit

    Reply
  • Amit Kumar

    why u not discuss about false signal u just talked only clear signal….the main issue is false signal

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *