A Nickel Collector

29 Jan 2020

I have found what I consider to be a nickel collector, using Renko bars on a 15min chart! It requires a couple confirmation indicators, so I put on the 9 ema and the OBV, to verify market direction and the volume vs price trends. This exact strategy is on YT, thanks to "The Secret Mindset" channel. SO if you're looking for a different strategy, check this out! The Renko bars are not time based, which takes a minute for a #noobtrader like me to understand, instead they are based off the ATR value... However if you wanted to you could adjust the candle value to the "traditional" setting be something like 0.05cents (USD), and put your strategy to work collecting a nickel (or a quarter, or a dollar) every time the new candle closes.