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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Renko Chart Momentum Trading Strategy
Renko Trading Strategy

Renko Chart Momentum Breakout 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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Renko Trading Method

Renko Trade Setup Filters And Trading Inside Consolidation

Renko trade setup filters are designed to increase profitability. This is done by avoiding Renko trades that are against price resistance or support, momentum, or inside of price consolidation. Trade filters avoid more losing trades that causing a winning trade to be missed.

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