Hi trader,
In trading, each bar type has unique traits, and selecting the right indicator to match can greatly enhance your strategy.
That’s where LOFI Supply/Demand comes in, specifically developed for use with KingRenko$.
This indicator provides reliable supply and demand zones, along with 2 types of entry signals based on Reversal candles, a vital element for Renko trading.
Here’s what you can expect from it:
Supply/Demand zones: Form when a reversal candle is followed by at least two wickless candles in the same direction.
Pullback signals: Triggered when a supply zone forms, followed by a downward candle that touches it. The opposite applies to demand zones.
Return signals for short- to medium-term trades: Triggered when a reversal candle interacts with a demand or supply zone after a retracement.
Break signals: Activated when price enters supply or demand zones, followed by a candle closing outside of these zones, indicating that the zone has been broken.
With LOFI Supply/Demand, you receive both supply/demand zones and entry signals, streamlining your chart and reducing the need for additional indicators.
If you're interested, check out its full capabilities here: https://renkokings.com/product/lofi-supply-demand
