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RenkoStreet Channel Reversal Trading with Fisher Yur4ik and RSI Histogram


High accuracy RenkoStreet Channel Reversal Trading with Fisher Yur4ik and RSI Histogram. This “RenkoStreet Channel Reversal Trading System” is a trend reversal strategy filtered by RSI and Fisher Yur4ik indicator.

This trading system has clear rules. You can use this strategy also on Renko chart (box size 5 pips or higher).


  • Time Frame: 15 min or higher
  • Financial Markets: any

 

MetaTrader Trading Indicators
  • RenkoStreet Channel (this indicator determines the dynamic supports and resistances)
  • 100 Pips Momentum / Oracle Move Indicator (this indicator is formed by two slopes blue line and yellow line)
  • T3 08 2Color
  • Fisher Yur4ik(optional directional indicator based on fisher transform) 10 period
  • RSI Histogram (14 periods)

 

BUY Rules
  • RenkoStreet Channel lime circle
  • 100 Pips Momentum: The blue slope cross upward yellow line slope
  • T3 08 2Color blue color
  • Fisher Yur4ik green color bars and above 0 line
  • RSI Histogram > 0

 

SELL Rules
  • RenkoStreet Channel red circle
  • 100 Pips Momentum: The blue slope cross downward yellow line slope
  • T3 08 2Color red color
  • Fisher Yur4ik red color bars and below 0 line
  • RSI Histogram < 0

 

Trading NOTES

 

  • Exit position with predetermined profit target: ratio 1.2 stop loss or when slope cross in opposite direction.
  • Initial stop loss on the previous swing high/low.

DOWNLOAD TRADING SYSTEM


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