2/2/2023 0 Comments Free renko eaLook how much cleaner and nicer chart looks compared to simple candles chart: Once price moves more than the user defined “brick size” either above or below the most recent brick, a new brick is added to the chart. First, the size of the bricks is pre-determined by the user. The concept of renko bars is very straightforward. Not so coincidentally, renko charts are constructed from a series of bricks whose creation is determined by fluctuations in price. The word renko is derived from the Japanese word “renga” which means “bricks”. Renko charts are a chart type that only measures price movement, it does not have any sense of time! Only the price movement is important here, so all the unnecessary noise is filtered out.
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