Renko Chart Method Trading
Renko Trading Method

Renko Chart Trading Method Basics And Strategies

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.

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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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Gold Renko trading
Renko Trading Strategy

Gold Renko Trading Added To The Renko Chart Method

Gold Renko trading has been added to our Renko trading strategies. The gold Renko charts show the same method clarity as the Oil and Emini NQ charts that are also traded. And there is additional flexibility and potential for overnight trading, which is a benefit for traders from all time frames.

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Renko Chart Momentum Hook Trade Addon Strategy
Renko Trading Strategy

Renko Chart Momentum Hook Trade Addon Strategy

The Renko chart momentum hook is an important trading strategy as it indicates price continuation, making it a component in trade addon setups. Considering trade addons typically are at later prices than the initial entry, we want this hook indication that momentum isn’t ending.

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