Tag Archives: renko trading system
Last month I have written a post on renko trading system in the Nifty index. You can read the post here: 2 Ways To Minimize Whipsaw Using Nifty Renko Charts. In this post I will discuss how to open renko charts on Sharekhan Trade Tiger. Apart from TradeTiger, Zerodha Pi and Zerodha Kite both also offers good renko chart.
First run and login to Sharekhan Trade Tiger. Open a blank market watch. Now I will add near months Nifty future scrip by choosing DERIVATIVES then SCRIP –> Nifty, EXPIRY
Whipsaw is a term traders are always familier with. What is whipsaw? It is a volatile situation of the market when you are trapped on the wrong front. You sold and the market moved up and you bought and the market moved down. So, worldwide traders are trying to minimize whipsaws and create a nearly fool proof system. Do you know you can minimize whipsaws in Nifty trading using Nifty Renko Charts?
Renko candles are not normal price candles. In fact in renko charts new candles are not formed with