RENKO CHARTING

25 May 2016 By PDSNET

A kind of charting, similar to point and figure, that does not take time into account. Invested by the Japanese, renko charting focuses on changes in the price movement that satisfy a specific requirement, while ignoring time. In renko charting, bricks represent a certain price move. When these are hollow there is an upward more, and when they are solid a downward move.



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