The RSI, MFI & Stochastic combination gives the STRONGEST reversals on ninZaRenko & KingRenko$
Multi-Osc OB/OS Overlap consists of 3 flat plots, which intuitively & smartly represent the states of the 3 most widely used oscillators: Money Flow Index (MFI), Relative Strength Index (RSI), and Stochastic. When the overbought & oversold areas of all these 3 oscillators overlap, the main panel's background will be highlighted in user-defined colors to spotlight this precious OB/OS overlap.
Multi-Osc OB/OS Overlap works great on Renko charts, you just need to look for the very 1st reversal Renko candle that appears OUTSIDE an overlapped area. This will serve as your entry signal, which is reliable in both sideways and trending markets.
To gain a better understanding of this setup, you should spend a few minutes watching this instruction VIDEO (especially from the 1:35), where we detailed everything for you.