Renko Chart Trading Strategies

Renko charts are different from standard candlestick charts because they only focus on price movement, ignoring time and volume. Bricks are only added when the price moves a pre-defined amount.

Key Features

• Filters Noise: Small fluctuations don't create new bricks.
• Trend Clarity: Easy to see support and resistance levels.

Strategy Example

Wait for two consecutive bricks of the same color to confirm a trend shift. Green for Buy, Red for Sell.