Renko chart trading price has a large effect on the decisions that are made in our day trading method. I have always been focused on trading prices. And when developing our day trading method setups, I viewed them in the context of the next price that would act as support or resistance.
Adding Renko chart trading strategies, like price action and trend line support or resistance, along with chart pattern and price failure trade setups, to our ‘base’ Renko trading method.
A Renko chart is a type of chart that plots pre-determined fixed movements of price as Renko bricks. This chart type does not use time or volume and can help eliminate the ‘noise’ from other chart types. This additional chart clarity is a reason we use Renko charts for our day trading method.
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