renko chart strategy

Renko Chart Strategy

Renko japanese ka banaya hua aik chart patterns hay Jo Kay price movement Kay sath built kia jata hay na Kay dosray chart ki Tarah price aur standardized time intervals.Is ko Japanese word renga se drieved kia gea hay jiska Matlab hay bricks aur chart ki Appearance bricks ki Tarah hay.Aik new brick banti hay jab price specific amount move krti hay aur har block 45 degree per positioned hota hay.Up brick mostly white ya green hoti hay jab Kay down brick black coloured hoti hay. Key Takeaways of Renko Forex Trading Strategy Renko charts bricks se bantay Hain Jo Kay 45 degree Kay angle per banti Hain.Consective Bricks beside each other occur nai hotien. Brick Kisi bi price size ki ho sakti hay Jesay Kay .1,.5 dollar etc isko box size kehtay Hain.Box size Average True range per depend krtay hain. Renko charts ka time axis hota hay lakin time scale fix nai hota.Kuch bricks dosray se zayada time leti hain Jo Kay depend krta hay Kay prize require box size tk janay main Kitna time ke gi. Renko charts noise ko filter krtay Hain aur traders trend ko zayada clearly dakh Patay Hain tamam wo movement Jo box size se small hn filter ho jati Hain. Renko charts mostly Sirf losing prices ko istamal krtay Hain Jo Kay chart time frame per depend krta hay.Jesa kay agar weekly time frame choose krien to weekly closing prices se bricks construct hn gi. What does Renko Chart tell you? Renko charts ko small price movements ko filter krne Kay liay istamal kia jata hay ta Kay traders clearly trend ko observe kr lain.Is se trend ko spot krna zayada asan hota hay iska side effect ye hay Kay bohat si information lost ho jati hay q Kay Renko main simple brick Construction use hoti hay. First step main box ko choose kia jata hay Jo price movement Kay magnitude ko represent krta hay.Jesa Kay stock ka box siS .25 dollar hay phir renko chart ko construct kia jata hay jis main precious brick Kay box size amount Kay top ko surpass krne per next column main brick place kia jati hay. Q Kay Renko charts main candle Stick Pattern Kay comparison main bohat Kam noise hota hay isliay ye support aur existence levels ko identify krne ka effective way hain.Jab aik strong trend Banta hay Renko chart traders is per long term trade kr saktay hain is se pehlay Kay koi bi brick opposite direction main exist kray.