Renko chart

The Renko chart is a sort clearly of action position made by the Japanese using respect sorts of advance while expelling time and volume. Renko is taken from the Japanese word "Renga" which means squares which are dependably tended to in the way the outline looks. There may be a couple of features in the structure type which are on a particularly basic level identical to a dash of the other blend diagram types like the Point and Figure and Heikin-Ashi, in any case, perseveringly essential acknowledgment spots to different division. One key breaking point is the squares or boxes in Renko charts are set at an edge either at the top or base of the past zone, at any rate in the Point and Figure follows the zones are plotted in reality close to the previous one.

Likewise, the key partition between a Renko and the bar/fire plot is the appearance. While the bar or a fire can be of any size dependent upon the worth improvement during a particular time length, the square size of the Renko outlines is uniform, giving them a smoother look.