Renko charts and trading

[Tagger97]

Aside the levels that are obtainable from renko charts, whatelse can I get from renko trading

 

[ab2d222]

Is it similar to Ichimoku? I've found that Japanese strategies are hard to understand so far, how are you fairing?

 

[Tagger97]

Right now I can only use them on the daily charts, so I use them to get pivot points, when you say similar to ichimoku what do you mean

 

[ab2d222]

Right now I can only use them on the daily charts, so I use them to get pivot points, when you say similar to ichimoku what do you mean

I mean like how ichimoku is used to determine whether there's a bullish or bearish bias.

 

[Damdiyal]

Aside the levels that are obtainable from renko charts, whatelse can I get from renko trading

TELL ME FULL PROCESS

 

[sarahgoutvaks]

Renko charts filter out minor price movements and make it easy for traders to focus on important trends. It makes it easy to spot the trend.

 

[Serimeter]

In forex, renko charts are a type of financial charts that are utilised in technical analysis for measurement and plotting of price changes. It consists of bricks that depict market trends and increase the signal-to-noise ratio in comparison to the traditional candlestick charts.