What is the renko chart pattern?

What is the renko chart pattern?

INTRODUCTION TO RENKO CHARTS IN FOREX : Renko charts forex trading mein istemaal hone wale ek technical chart pattern hain. Traditional candlestick ya bar charts ke opposite, jo time intervals par based hotay hain,jahan Renko charts sirf price movement par tawajjo dete hain. Renko charts ko price movement par tawajjo dete hue bricks ya blocks banakar banaya jata hai. Har brick ek muqarrar price movement ko darshata hai. Brick ki size trader dwara tay ki jati hai, jismein aam taur par currency pair ki price volatility ka istemal hota hai. For example, agar trader 10 pips ki brick size tay karta hai, toh ek nayi brick tabhi banti hai jab price 10 pips ki movement kisi ek taraf ho. Agar price same direction mein 10 pips se zyada move karta hai, toh mazeed bricks ek ke baad ek shamil kiye jate hain. Dusra tareeqa ye hai ki agar price brick size se kam se kam ek mukammal brick size ki taraf mudawin hota hai, toh naye brick ki taraf badalta hai. Is emphasis par kiya jata hai price movement par, time par baat karne ki bajaye, isse asal trend ka saaf tasawwur pesh kia jata hai aur market noise ko filter karna asan ho jata hai. ANALYSIS OF RENKO CHART PATTERNS : Renko charts ko istemal karke kai qisam ke chart patterns, jaise ke reversal patterns, continuation patterns aur consolidation patterns, pehchane ja sakte hain. Reversal patterns maqsad rakhte hain pehle wale trend mein tabdeeli ka ishara dena, jabkay continuation patterns mutawaqif honay wali trend ka jari rehna ka ishara denge. Consolidation patterns maqsad rakhte hain is indecision period ko dikhana jo market mein hota hai. Kuch aam istemal hone wale Renko chart patterns mein double top/bottom, head and shoulders, ascending/descending triangles, aur rectangles shaamil hain. Traders in patterns ka istemal karke mogheeda trading mauqe ko pehchan aur informate faislay karne mein madad hasil kar sakte hain. BENEFITS OF USING RENKO CHARTS IN FOREX : Renko charts ka istemal forex trading mein karne ke aik mukhtasar fayde mein se ek hai market noise ko filter karne aur asal trend par tawajjo kendrit karne ki salahiyat. Renko charts ke bricks ek muqarrar price movement par banaye jate hain, jisse chote price fluctuations ka asar kam hota hai. Isse traders ko eham price movements ko pehchanna aur zyada durust trading decisions lena asan hojata hai. Renko charts dusre typs ke charts ke muqablay mein entry aur exit signals ko zyada saaf pesh karte hain, kyunke woh saray chote price fluctuations ko filter karte hain jo jhootay signals ko trigger kar sakte hain. Iske alawa, Renko charts ko different time frames mein istemal kiya ja sakta hai, jis se traders ko chote aur lambay term trends dono ko effective tareeqay se analyze karne ki salahiyat hasil hoti hai. LIMITATIONS OF RENKO CHARTS IN FOREX : Jabki Renko charts kuch fayde pesh karte hain, unke kuch hadood bhi hote hain. Ek takhsees ye hai ki Renko charts chote price movements ko ignore karte hue, kabhi kabhi chote price movements ko miss kar sakte hain, kyunke unko ek muqarrar price threshold chahiye hota hai naye brick banane ke liye. Iska matlab hai ki Renko charts ka istemal karne wale traders market mein mojood tamam mauqe pehle wale ki tarah capture nahi kar payenge. Iske alawa, kyunke Renko charts sirf price movement par tawajjo dete hain, woh kisi bhi aur technical indicators ya fundamental factors ko include nahi karte hain jo market ko influence kar sakte hain. STRATEGIES FOR TRADING WITH RENKO CHARTS : Renko charts ke saath trading karne wale traders kai tariqe istemal kar sakte hain. Ek prasiddh tariqa hai trend trading, jisme Renko chart patterns ka istemal karke maujood trend ko pehchanne aur uski disha mein trades ko enter karna hota hai. Ek aur tariqa hai breakout trading, jisme traders Renko charts dvara banaye gaye kisi nishchit price level ke parayay price movements ke liye dekhte hain. Renko charts ka istemal karke reversal trading strategies bhi lagu ki ja sakti hai, jisme traders brickes dvara banaye gaye reversal patterns ke aadhar par sambhav trend palatao ko pehchanne ki koshish karte hain. Mahatvapurn bat yeh hai ki koi bhi tariqa safalta ka vaada nahi karta hai aur traders ko Renko charts ke saath kisi bhi tarike ko lagu karne se pehle griddh vishleshan aur wapas se test karna chahiye.