Brick Zone

Brick Zone

Bullish patterns can be traded when the brick count indicator is in a bullish zone while bearish patterns can be traded when it is in a bearish zone. Brick Zone indicator specially designed for renko chart. The brick zone indicator oscillates around the zero line and can also become negative. It will show a positive value when the number of bullish bricks is greater than zero and will turn up a negative value when the number lesser than zero.

Brick Zone = Number of Bullish Bricks – Number of Bearish Bricks
Above zero – Market Bullish
Below Zero – Market Bearish

This indicator inventor name is “Prashant Shah” and this indicator introduced in “Profitable Trading With Renko Chart” Book.