The Renko trading method posts will discuss the following components of our Renko chart trading and how the method is traded: (1) Renko method trading indicators (2) Renko method trade setups (3) Renko trade setup filters.
The Renko chart trading method trades with price continuation and momentum breakout strategies used since 1995. However, there was a transition from tick bar charts to Renko charts.
The method made this change because the price bricks in Renko charts are made from price movement and do not include times frames or trade volume. Using Renko charts and focusing on price movement has given additional clarity to the trade setups and trading strategies that make up the Renko trading method.