The Renkochart and Supertrend trading system is a unique trading strategy that combines the Renko chart and the Supertrend indicator. Created by gavaav, it provides real-time data and visual cues for trend reversal, making it easier for traders to identify entry and exit points.
An Overview of the Renkochart and Supertrend Trading System
The system displays a Renko chart and a Supertrend indicator in the same window. The signal to open a position is the intersection of the Renko candlestick of the Supertrend indicator point and the appearance of the opposite signal of the Supertrend indicator. However, it has been noted that the system may have compatibility issues when used with other indicators.
User Feedback and Reliability
With a rating of 1 based on a single user review, the effectiveness and reliability of the system may be questionable. The user ‘abmmalay’ rated it 10.0 but pointed out that the system does not work with another indicator. This limitation may impact its utility for traders who prefer using multiple indicators for their trading strategy.
Availability and Cost
The Renkochart and Supertrend trading system is available for free. It was first published on June 29, 2023, and has been downloaded multiple times since then. Those interested can observe the trading results of this system on the website Forexroboteasy.com or download the source code examples on the easytradingforum.com forum.
Conclusion
While the Renkochart and Supertrend trading system offers a clearly visualized trend trading strategy, potential users should be aware of its limitations. Its incompatibility with other indicators may limit its applicability for some traders. As always, it’s advisable to test any trading system thoroughly before incorporating it into your trading strategy.
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