RiTS - RENKO Intraday Trading System
RiTS is Renko based trading system. Where a Trader can not only modify the Brick size, but entry and exit brick count can also be modified based on need.
Trader can place trade using a button straight from the Amibroker charting pane.
We have not done anything extraordinary, its a simplest RENKO system placed with moderation. This is an algo based system which generates Buy and Short signal with Target and Stop Loss.
You can watch the detailed video below to understand how this system works in live market.
How it works
Renko chart helps trader to eliminate noise or sideways movement of any Script.
Renko chart is not dependent on time. Time can keep moving but Renko can remain unchanged without any brick movement if the close price has not crossed the brick size as mentioned above. This charting pattern gives trader an edge as Renko eliminates to create any new brick for small price movement according to its brick size.
Choose Brick size, entry brick count, exit brick count and relax. The system will do the rest for you. Buy and Sell signal shall generate based on your chosen entry and exit.The system can be integrated with your Trading terminal of your broker. Fund management can also be customized based on Trader’s request.
Renko Demo video
Good to know
Trade with confidence, use our RENKO trading system without any repaint. Price doesn’t include Data feed, Amibroker cost and setup cost. We can help you to integrate this system with an additional service charge.
Try not to use Supertrend, as Supertrend is based on ATR and due to ATR there is a probability of signal repainting. Preferably use EMA or Brickcount for trading on RENKO.
Everyday morning based on Brick type either Buy or Short signal shall trigger on Brick count. This feature is enabled on one client request to catch the immediate trend.
Trader can configure Entry Brick count, SL brick count and Target brick count as per trading need.
Free Upgrade for 1 year
Payment is non refundable
Robo ready - Additional cost
Customizable - Additional cost