Renko Charts Video: How to Trade Renko Properly
Research Performed With TrendSpider
Renko charts filter out unnecessary price fluctuations to provide a clear stock price trend that traders can use in their investing strategies.
Unlike traditional candlestick or bar charts, Renko charts only plot price movements above or below a predetermined amount, known as the “brick size.” This means that each brick on the chart represents a certain amount of price movement, regardless of how much time has passed. This makes them less susceptible to distortions caused by time of day, volume, or news releases.
Did you know TrendSpider can automatically detect chart patterns for you?
Read the full article here: Renko Charts Trading Strategy: Best Settings Based On Data.
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