RENKO Bar Type education

December 4th, 2015, 07:27 PM

Hi guys
Is anyone can suggest an education for RENKO chat technical analysis and price action.
I am familiar with Minute and Tick charts price action... i need to learn Renkos.

Thank you in advance i will be grateful !!

December 4th, 2015, 08:03 PM

vitto

Hi guys
Is anyone can suggest an education for RENKO chat technical analysis and price action.
I am familiar with Minute and Tick charts price action... i need to learn Renkos.

Thank you in advance i will be grateful !!

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

December 4th, 2015, 08:59 PM

vitto

Hi guys
Is anyone can suggest an education for RENKO chat technical analysis and price action.
I am familiar with Minute and Tick charts price action... i need to learn Renkos.

Thank you in advance i will be grateful !!

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.

December 4th, 2015, 10:03 PM

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.

RENKO Bar Type education

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RENKO Bar Type education