Renko Trading Basics

Renko Chart Bar Types – Standard And Custom Mean Renko Bars

There are 3 Renko chart bar types that can be used for day trading: (1) standard bars (2) standard bars with price wicks (3) custom bars with a mean price offset. This article will discuss the different Renko chart bars and whether there is any reason to switch from the standard Renko trading charts we currently use to day trade.

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Why Day Trade Renko Charts Instead Of Tick Charts
Renko Trading Basics

Day Trading Renko Charts Instead Of Tick Bar Charts

Why Start Day Trading Renko Charts?
 

After many years of day trading tick bar charts, the decision to switch to day trading Renko charts was based on the clarity of the Renko bricks fixed price moves -vs- the irregular and random size of tick bars.

 

Additionally, besides the Renko charts method being simpler to trade than tick bar charts, it has also been clearer to teach other traders.

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