What is Renko Charts & how to Minimize Whipsaw with it?

First, let us quote an excerpt from the book Sentiment Indicators by Abe Cofnas. Renko charts are a tool that represents price movements by using bricks. Renko is the Japanese word for brick. If a price moves higher by a certain amount, a new brick is added. We can select the color; it is usually … Continue reading “What is Renko Charts & how to Minimize Whipsaw with it?”

Donchian Width Indicator Strategy, Formula, Usage

We have already discussed the Donchian Channel indicator in our last post. The next indicator that is available in Zerodha Kite and other major trading platforms is the Donchian Width indicator (DW). It’s a less known and less used indicator but Zerodha has cleverly introduced this in their new Kite interface. How To Add Donchian … Continue reading “Donchian Width Indicator Strategy, Formula, Usage”

Donchian Channel Indicator Strategy, Calculation, Settings

Donchian Channel indicator was developed by Richard Donchian. It is a technical momentum indicator that calculates the higher highs and lower lows of a specific period of time forming a channel around those values with upper and lower bands. When the traders use this indicator, generally 20-period highs and lows are considered. Also, a middle … Continue reading “Donchian Channel Indicator Strategy, Calculation, Settings”