How To Trade With Renko Charts Video Tutorials

6 January 2017, 07:35
Ahmad Hassam

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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