Why Renko Charts Are So Popular
One of the main problem of classical bar chart is that it shows cost movements as-is, this makes the chart displaying excessive cost Info such as volatility noise Creating during periods of trading with high volumes. Renko chart filters out this noise. Only severe cost movements are plotted on the chart regardless passing of the time. Besides, Renko chart is calculated Depending on closing cost of efairly price bar ignoring open, high and low costs. This indicates the Renko process isolates the chart from intra-day minor cost changes.
How the Renko chart is being constructed? It is consequence of black and white bricks plotted one above or under One more and shifted to the right. All bricks are equal in size and they equal to brick size paramet ... [Read More - Penny Stocks June 6]
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