Hey folks! I’ve been following the psychology part of this website for ages, decided I couldn’t find a reliable answer elsewhere so I must ask it here.
When setting up support and resistance, I like to use a weekly timeframe and then a daily. I’ve been using line charts for a long time but have recently been exposed to Renko. Does anyone know any advantages to using either? When I plot them they certainly do give me different zones. I like that the line chart only shows me the closing price, but renko has a range. Just not sure what would be better overall. Thanks!