KunalMore

Renko for box theory

NSE:NIFTYBEES   NIPPON INDIA MF
Timeframe - Weekly.
Box size - 0.5 x ATR 8 in candlestick chart.
Change the Box size every 4 weeks as per the formula mentioned.
Also, don't change the timeframes when a trade is taken based on the above system to avoid false signals.
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