Drummond Renko Wrap
The Five Components of the Wrap
The Drummond Renko Wrap provides the trader important areas’ in which to focus on. The Drummond Renko Wrap can be used on all chart frames and is not limited to only Renko chart.
The yellow bands provide us with a visual to gauge energy that is potentially being contained and to expect a change in direction.
The inner mid area is comprised of an upper and lower area that is centered around the mid. The reversal energy here can be very high because of the proximity to the mid.
The center solid white line is the mid and is the birth place of new energy.