Renko Bars And Bricks Archives

Renko Charts Types And Trading Differences

Different Renko Chart Bricks: Classic And Price Wicks

There are 2 Renko chart bricks types: the classic and the price wicks bricks. The primary differences are the classic chart shows completed bricks only, while the price wick charts show additional price movement. Although the additional price isn’t seen on the completed classic chart, real time all prices are seen on both charts.

If both Renko brick types show all price while the bricks form, which chart best shows the Renko trading strategies? And, how do Renko bricks compare to candlestick charts for trading?

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Renko Chart Disadvantages - Is A Renko Price Only Chart A Con For Trading?

Renko Charts Disadvantages And Cons For Trading

If you do a search for Renko Chart Disadvantages you will find numerous articles on the drawbacks for using these charts in trading. But are these articles actually written by experienced traders that use Renko charts?

This article discusses these drawbacks and whether Renko charts are a con for day trading, especially compared to other chart types. And actually points out how 1 supposed disadvantage is actually an advantage and a pro for using these charts.

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Renko Charts And Candlestick Charts Are Completely Different

Although Renko charts and candlestick charts may be similar, these 2 chart types are completely different. The Renko charts are made from bricks of fixed price movement, where the candlestick charts are bar charts made from set time frames or tick counts.

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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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What Is The Best Renko Trading Indicator For Day Trading

When I am asked what is the best Renko trading indicator, I answer that I don’t think there is a best single indicator. Instead choose a combination of related Renko indicators that work together and can be combined into a trade setup that gives price continuation.

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