Renko chart uses price movement rather than time and volume.
10 previous block value
11 current block value
No it is not time. A new bar forms when a block size is exceeded. That could take ten seconds to ten days. Not time.
When is time or not?
You might read the "when" as "whenever" since there is no set time when the bar range is exceeded.
Maybe some of the confusion is English but if you watch a Renko chart on various pairs and CFDs you will understand it better. It is best to start with a DEMO account.
It is also obvious if you compare any chart with a timeframe side by side with a Renko chart of the same instrument.
Hi, see the image above, it's a renko chart, you know that before the price was 11, it was 10. If there is no time element, you could never say that the price was 10 before reach 11. Do you think the word "before" counts as time based on events instead of the clock or not?
The brick before was the previous X pips brick.
And the next brick will be the next X pips.
The when was deliberately removed from the equation.
Please show the equation or stop adding alien elements to it.
You are over complicating a simple concept.
The problem is not the English language.
The problem is you not understanding simple concepts.