Renko Trading Method
Renko Trading Charts: Are Renko Bricks Too Fast To Trade
Renko trading charts and bricks can appear too fast to trade. At times, all chart types seem too fast. But Renko charts are unique when comparing completed bricks to real-time price action before a brick is formed.
Considering a 3Renko chart and a completed red brick. This brick can begin as a green brick 5 ticks higher than the previous close or 8 bricks of price action when the red brick is formed. Regardless of how long this process may take, it can make the Renko bricks appear too fast.