What Are Renko Charts & How To Trade Them

Renko Charts

Renko charts are a type of technical analysis that depends on price movements. Unlike the candlestick charts or bar charts, Renko charts are time-independent. The Renko charts were developed in Japan, and the word Renko comes from the Japanese word for bricks, “renga.” This is because the structure of the Renko charts looks like a series of bricks. What are the Renko charts? The Renko charts compromise a series of bricks; each brick moves with the price movement at an angle of 45 degrees. The movement of bricks can be up and down depending on the direction of the price. …READ MORE