Join us in today's episode as Apurva Sheth and Prashant Shah continue their exploration of Renko charts. In our previous episode, we delved into Renko chart construction and Brick values. If you missed it, catch up here: [Link to Previous Episode].

In this video, Prashant will take us deeper into the world of profitable trading with indicators on Renko Charts. Unlike traditional charts, Renko indicators are plotted on bricks, not time, offering a unique advantage of having moving average readings prepared in advance. This means that as prices trend higher, so does your stop loss.

Prashant introduces a custom indicator, MAST, developed by combining moving averages and super trend. Learn how to utilize MAST for various trading patterns, including bullish and bearish breakouts, uptrends, downtrends, and pullbacks.


Topics Covered in the video includes:

1. Indicators on Renko Charts
2. Renko Charts Bricks
3. Moving Average and Supertrend on Renko Charts
4. Combination on Moving Average and Supertrend

We invite you to watch the episode and share your thoughts in the video's comments section.

Timeline :

00:00 Introduction
01:09 Indicators on Renko Charts
02:58 Example Candlestick chart
04:37 Renko Chart Bricks
05:54 Moving average and Supertrend on Renko Charts
13:40 Combination of Moving average and Supertrend
21:47 Rapid fire round

About Prashant Shah:

Meet Prashant Shah, a Stock Market Expert with 17+ Years of Experience, AwardWinning CEO, Author, and Market Analyst.

Prashant Shah is a distinguished professional in the finance industry, recognized for his awardwinning achievements. With a wealth of experience spanning over 17 years, he serves as the CoFounder and CEO of Definedge.

Prashant has earned prestigious designations such as Chartered Market Technician (CMT®) and Certified Financial Technician (CFTe) from the CMT Association and the International Federation of Technical Analysts (IFTA), and is a proud member of the Society of Technical Analysts in London.

In addition to his impressive career, Prashant is a renowned author, having written four popular books on trading and investment. His journey in the stock market began in January 2005, and throughout his career, he has engaged with diverse financial organizations, gaining valuable insights into the various facets of the trading business. This exposure has provided him with a wellrounded perspective on the industry.


About The Right Choices with Oracles of Dalal Street :

The Right Choices with Oracles of Dalal Street is hosted by Apurva Sheth. He is the Head of Market Perspectives & Research at Samco. He has more than 13 years of experience in financial markets. Our show focuses on curating actionable and insightful strategies from realworld stock market heroes. Our guests have been successful in markets and are willing to share their insights with you.


Tune in to The Right Choices with Oracles of Dalal Street every Saturday at 11 am on our YouTube channel.


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