This is practicing IchimokuScholar's strategy of using Renko to get SR levels. AFAIK, you may get the following settings for it:
* Traditional, 1% of first day's closing value
* ATR, 0.5 (can set ATR value to whatever you like—I'm still reading on this)
* Red line, weekly SR
* Greens, HH... possible levels for counter trend confirmation or confidence gainer
* Traditional, 1% of first day's closing value
* ATR, 0.5 (can set ATR value to whatever you like—I'm still reading on this)
* Red line, weekly SR
* Greens, HH... possible levels for counter trend confirmation or confidence gainer
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Here's how it looks changing it back to normal candles注释
Check out how Chikou pinpoints these SR levels tooWith another confirmation via VPVR
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$270 level doesn't seem to be showing up on the preview, at this time at least. Like so:注释
Closer look at the SR levels around Sept 6th-11th, which seems to not be indicated in the OP注释
Linear chart prints out the Renko chart a lil better than if its in Log. Here's an example with 
BABA 1W注释
Renko seems to be best on Linear vs Log注释
PA surpassed first SR level. Confirming a trend reversal IMO注释
^ * Short term of courseNext target, $229+ will give more confidence
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免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.