Trading Renko Charts
Renko Trading Charts: Have You Traded With Renko Charts?
Have you traded using Renko charts? These charts are made of bricks of the same size instead of using a timeframe or tick volume to make bars. The uniformity of these bricks line up at 45-degree angles can remove chart ‘noise’ seen in the different sizes and overlapping bars of other charts. This adds clarity to reading the chart.
This additional clearness of the Renko charts made trade setups more definable and easier to see for use in a trading method. And after many years of using tick charts, a Renko chart trading method was developed to use instead.