Not much to learn really it's similar to range bars but more simple the problem is it don't take volatility into account it's worth less to me but it's a way to curve fit technical analysis and (indicators) so u can lose more money (my opinion) Lots of journals using the uni renko good luck
The following 2 users say Thank You to nightshade for this post:
When a new bar is created- price moved up or down by the predetermined value- that's all there is to it. Save yourself a bunch of time and money and forget they exist- the charts look pretty but trading is not that simple as volatility is always changing.
The following user says Thank You to Inletcap for this post:
There is nothing special about renko bars. They are just a different way to visualize things. Some people find them helpful, some people don't. Nothing magical about them, so there's nothing to "learn" really. A price bar or a candle or a line can't make you a profitable trader on it's own.
The following user says Thank You to TheShrike for this post: