Renko chart for MT4 highlights great trade in cable
A great example of the price action on cable this week from our MT4 platform. In this profile, we have the Quantum Renko indicator, which is perfect for using with time charts. A Renko chart is ideal for helping to keep us in a trade, as we can see here, as it not only reveals the momentum but also removes the inevitable 'noise' of any trend higher or lower. Multiple time frames give us potential target levels and the specialist forex indicators, namely the currency strength indicator and matrix give us an insight into the strength of flows into the pair in question.
By Anna Coulling
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