Patterns - Renko

If you鈥檝e ever felt overwhelmed by the "noise" of standard candlestick charts鈥攖he endless wicks, gaps, and time-based fluctuations鈥攜ou are not alone. Enter Renko charts .

Named after the Japanese word for "brick" ( renga ), Renko charts filter out time and minor price movements entirely. They only draw a new "brick" when the price moves by a fixed amount. renko patterns

鉂� Renko removes time, so standard volume bars are tricky. Use tick volume or money flow indicators instead. If you鈥檝e ever felt overwhelmed by the "noise"