Renko charts show only price movements, using bricks to represent price ranges. They can help identify support and resistance levels and trends, but may also show false signals. Investors can adjust brick size and color. Renko charts typically use closing prices, but can also use high/low prices. A renko chart shows only the price movements […]

Renko charts show only price movements and use bricks to represent a range of prices. They can display support and resistance levels and patterns more clearly, but may show false signals. Investors can adjust brick size and color. The chart usually uses closing prices, but can also use high/low prices. A Renko chart only shows […]