This Indicator Can Capture Trends Before Candles | Ft. Dr. Devendra Pratap Singh

Finance-Focused Summary

Dr. Devendra Pratap Singh presents his proprietary Smart Renko Engine, a Renko-based trading indicator that he says is designed to identify price trends without the time-based delay and repainting he associates with conventional Renko charts. He describes it as a non-repainting system and claims it is India’s first of its kind; these are the guest’s claims and were not independently verified in the video.

His central argument is that traders should account for each instrument’s volatility rather than use one fixed setting across markets. The tool is intended to calculate an instrument-specific Renko brick size and display levels that may indicate potential trend changes. Singh says he began researching the approach around 2021 and attributes major lifestyle changes over roughly three years to it. He also says he has taught more than 15,000 students.

Trading Framework Described

• Set an instrument-specific range: Select an asset category, such as an index, stock, or option, or use a percentage-based setting. The indicator calculates a range or brick size that, according to Singh, adjusts as prices change.
• Use Renko bricks to assess price direction: Singh demonstrates viewing Renko data on very short intervals, including one-second and five-second charts, to reduce time-dependent printing delays. He also shows how to represent Renko levels on candlestick charts.
• Treat breaks of the calculated range as directional signals: A move above a key level or range may indicate a positive bias; a move below may indicate a negative bias. Singh cautions that a range break does not guarantee a particular target or show that a reversal has reached its top or bottom.
• Use moving averages as additional filters: He describes EMA 10 for continuation or re-entry signals and EMA 30 as a broader positive/negative trend filter. He also uses a 150-period moving average as a reference for potentially larger breakout moves.
• Relate option charts to the underlying: For options, he recommends assessing the index on a five-minute chart and the option on a shorter interval—he mentions one minute—rather than viewing the option chart in isolation.
• Adapt the approach to the instrument: Singh’s rationale is that indices, stocks, and sectors have different volatility and behavior, so a single fixed setting or strategy may not suit all of them.
• Manage risk and expectations: The discussion refers to stop losses and reassessing when a range is reached, but does not provide a complete position-sizing or risk-management plan. Singh says he cannot identify exact market tops and bottoms.

Numbers and Examples Cited

The figures below are examples given during the discussion. Some are approximate or may be affected by subtitle errors.

• Singh estimates that Nifty often moves roughly 140–200 points intraday and gives examples of ranges around 150–171 points.
• He illustrates a possible Nifty brick size of 12.5 points, derived by dividing an assumed 150-point move across six hours and halving a 25-point hourly figure.
• Other example ranges mentioned include about ₹30 for Adani Ports, ₹300 for Dixon Technology, ₹12 for Borosil Renewables, 18 points for HBL Engineering, and 21 points for Idea stock options. These are presented as tool outputs or examples, not universal limits.
• Singh says a TradingView premium plan may cost around ₹5,000 to access the Renko-chart functionality he uses. He also mentions the tool being available on Dhan and Fyers.
• He argues that open-interest data may arrive about three minutes late, making it less useful for some intraday decisions than price action. He does not provide supporting data in the discussion.
• He promotes a course on intraday option buying using Red Bar Theory.

Assets, Instruments, and Companies Mentioned

• Indices: Nifty, Nifty 50, Bank Nifty
• Stocks and companies: Dixon Technology, Borosil Renewables, RACL Geartech, Idea, Adani Ports, Adani Enterprises, Reliance, HDFC, LTIM, HBL Engineering, Sun Pharma
• Other markets and instruments: Bitcoin, gold, crude oil, stock options, index options
• Sectors: Pharmaceuticals are referenced through Sun Pharma; no broader sector-allocation discussion is provided.

Cautions and Disclosures

Singh discourages relying on numerous indicators or assuming that the same strategy works equally well across instruments. He emphasizes that price can still produce false breaks and that the indicator should be used to assess direction, not as a guarantee of profits or exact targets.

The supplied subtitles contain no explicit spoken “not financial advice” disclaimer. The guest promotes his indicator and course.

Presenters and Sources

• Guest: Dr. Devendra Pratap Singh
• Host/interviewer: The subtitles refer to “Raj Bhai” and “Shubh,” but the speaker labels are unclear.
• Source: Upsurge Club YouTube channel. Singh also refers viewers to his channel, Trade vs Dr. Dev.