How To Trade With Renko Charts Video Tutorials

6 January 2017, 07:35
Ahmad Hassam
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Renko charts have also been invented by Japanese traders just like candlestick charts.

However renko charts are different than candlestick charts.

Renko charts eliminate time altogether and instead focus on a minimum price movement defined by the trader.

For example if you define the minimum movement to be 10 pips.

When price moves 10 pips, a brick will be added.

As long as price doesn't move 10 pips, there will be no brick.

Read this blog post in which I have posted videos on how to trade with Renko Charts.

Renko charts are popular with scalpers.

They use it to reduce noise on the charts.


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