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
Nota
Here's how it looks changing it back to normal candlesNota
Check out how Chikou pinpoints these SR levels tooWith another confirmation via VPVR
Nota
$270 level doesn't seem to be showing up on the preview, at this time at least. Like so:Nota
Closer look at the SR levels around Sept 6th-11th, which seems to not be indicated in the OPNota
Linear chart prints out the Renko chart a lil better than if its in Log. Here's an example with 
BABA 1WNota
Renko seems to be best on Linear vs LogNota
PA surpassed first SR level. Confirming a trend reversal IMONota
^ * Short term of courseNext target, $229+ will give more confidence
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.