Renko Chart Indicator
Renko Chart Indicator
Overview:
The Renko Chart Indicator presents market trends using “bricks” instead of traditional candlesticks. It’s designed to filter out noise and show clear direction — perfect for traders seeking clarity over chaos.
Bonus – Engineered for Precision, Built to Sell — Renko charts are your go-to weapon for dominating every market, from Bitcoin and Forex to NSE and beyond.
What is Renko?
Renko is a Japanese charting technique that removes time from the equation. Instead of price plotted over time, bricks appear only when price moves by a predefined amount.
Key Benefits
- Eliminates market noise
- Visual clarity on trend direction
- Great for identifying breakout and reversal zones
- Suitable for swing and intraday strategies
- Converts 1 Hour price action into 1 Minute Renko precision ("1H = 1M")
Use Cases:
- Perfect for traders who want to stay in trades longer
- Works well with trend-following systems
- Suitable for Forex, Commodities, and Indices
Strategy Tip:
Use Renko with moving average crossovers or divergence tools for strong trend confirmation.
Disclaimer:
Renko charts provide a filtered view and may lag during fast market movements. Always pair with other technical confirmations and ensure proper backtesting for your asset.