Marketcalls
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Renko Charts for Hang Seng

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Renko charts are one of the Best trend following indicator based on Average true range(ATR) Here the White Bricks indicate up trend and Red Bricks denote the downtrend. And as of

now there is a formation of Red Brick in Hang Seng which indicates that Still the daily trend
remains in down depsite recent 550+ pts surge on last friday.

Inference from Renko Charts for various Markets
Nifty : Daily and Weekly Still trend Up

Dow : Daily and Weekly Still trend Up
Nikkei : Daily and Weekly Still trend Up
Hang Seng : Daily Down and Weekly trend Up
Shangai : Daily and Weekly trend Down.

European Markets : Daily and Weekly Still trend Up

Source:
www.marketcalls.in
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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2 Replies to “Renko Charts for Hang Seng”

  1. Hi,

    Can you provide the AFL for producing the Renko chart.

    regards,

    Sunil Sehgal

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