This is an exploration of a potential strategy for COINBASE:BTCUSD using Renko and .
I like imagining my charts as diving in and out of sea. When it's above water, go long. When it's below, short or stay away.
RENKO set to Close, Traditional, and Brick Size 1/20th of current asset value.
The area that the RENKO crosses in and out of is the Tenken-Sen of the
The has the Chikou, Kijun-Sen, and Kumo removed and is optimized for Crypto with 10, 30, 60, 30 settings.
Basically, when the bricks are above the Tenken-Sen, go long. Trail your stop loss 2-3 Renko bricks behind the current bar.
Let's see how this goes! Have fun.
Inspired by this Renko Strategy below: