What is Renko Chart Pattern in Forex..

What is renko chart pattern in forex..









Renko chart ek aisa technical analysis ka tareeqa hai jo forex aur doosre financial markets mein istemal hota hai. Yeh chart is khaas baat mein mukhtalif hai ke is mein sirf qeemat ki harkat ko darust karta hai, waqt aur volume ko nazar andaaz karte hue. Renko charts ne duniya bhar ke traders ke darmiyan maqbooliyat hasil ki hai aur iske kuch khaas pehlu hain jo isay aam charts se alag banate hain.

1. Brick Size (Eent ka Size): Renko charts ka sab se ahem pehlu hai bricks ka istemal qeemat ki harkat ko darust karne ke liye. Har brick ka apna khaas size hota hai jo trader dwara mukarar kiya jata hai. Jab qeemat aise had tak chali jati hai ke brick ka size paar hota hai, to ek naya brick us raste mein jod diya jata hai (up ya down).
2. Waqt Ko Ignore Karna: Renko charts ne waqt ko ignore karne ka faisla kiya hai, ismein koi fixed waqt nahi hota. Waqt sirf qeemat ki harkat ko darust karne mein madadgar hota hai. Ismein bricks sirf aur sirf qeemat ki harkat par mabni hoti hain.
3. Trend Pehchan (Trend Identification): Renko charts trend aur trend ki ulte taraf ki pehchan ke liye istemal hote hain. Traders aam taur par ek dosre ke sath milte hue bricks ki shakal mein hone wale tabdilat ko dekhte hain. Agar ek sath chalte hue bricks nazr aaye toh yeh trend ko darust kar sakte hain. Agar bricks ka rukh badal gaya, toh yeh trend ki ulte taraf ka ishara hota hai.
4. Shor Ko Kam Karna (Noise Reduction): Renko charts market ke shor ko kam karne mein madadgar ho sakte hain. Yeh aksar traders ke liye mufeed hota hai jo trend ko saaf taur par dekhna chahte hain aur chhoti qeemat ki harkaton ko ignore karna pasand karte hain.
5. Barabar Brick Size: Renko charts mein har brick ka size barabar hota hai, chahe qeemat kisi bhi level par ho. Yeh barabari ki wajah se trends aur trend reversals ko asaanise pehchana ja sakta hai.

Yaad rahe ke Renko charts sabhi traders ke liye ek hi tarah se mufeed nahi hote. Aapko is chart ka istemal apne trading strategy, pasand aur market ke khaasiyat ko madde nazar rakhte hue karna chahiye. Iske alawa, kisi bhi technical analysis tool ki tarah, Renko charts ko doosre indicators aur analyses ke saath milakar istemal karna behtar hota hai takay aapko market ke halat ka sahi andaza ho.

-:Forex Trading Renko Chart Pattern:-

Renko chart ek unique tarah ka technical analysis tool hai jo ke forex trading mein istemal hota hai. Is chart mein price movement ko bricks ya blocks mein represent kiya jata hai, aur har ek brick ka size ek fix amount ya pips ka hota hai, chahe market mein price movement jitni bhi ho. Iski khas baat ye hai ke Renko charts mein time factor nahi hota, bas price ka movement hi consider hota hai.

Renko charts ka pattern simple hota hai. Jab market mein price ek specific amount ya pips tak move karta hai, tab ek naya brick chart mein add hota hai. Agar price opposite direction mein move karta hai aur specified amount se zyada ho jata hai, tab ek naya brick opposite direction mein add hota hai. Is tarah se, Renko chart mein trend ko asaanise dekha ja sakta hai.

Renko charts traders ko market ke noise ko kam karne mein madad karte hain, aur trend identification ko aasan banate hain. Isme trend reversal ko bhi asaanise pahchana ja sakta hai.



-:Forex Trading Renko Chart Pattern K Ehem Nukty:-

Renko chart patterns mein kuch important terms hain jo traders use karte hain:

1. Brick Size (Size): Ye parameter determine karta hai ke har ek brick kitne pips ya points ka hoga.
2. Up Bricks aur Down Bricks: Up bricks tab create hote hain jab price upar jaata hai aur down bricks tab create hote hain jab price neeche jaata hai.
3. Trend Reversal: Jab price trend direction change karta hai aur opposite direction mein move karta hai, tab ise trend reversal kehte hain. Renko charts mein trend reversal ko detect karna asaan hota hai.
4. Double Tops aur Double Bottoms: Ye patterns tab bante hain jab price do baar ek specific level tak jaata hai aur phir wapas opposite direction mein move karta hai. Ye trend reversal ko indicate kar sakte hain.
5. Support aur Resistance: Renko charts mein bhi support aur resistance levels identify kiye ja sakte hain jaise ke traditional price charts mein.

Renko charts ke istemal se traders ko market trends aur reversals ko clearly dekhne mein madad hoti hai. Lekin, har ek trading tool ki tarah, iska bhi istemal samajhdari ke sath karna zaroori hai aur doosre technical indicators aur tools ke saath combine karna bhi beneficial ho sakta hai.

What is Renko Chart Pattern in Forex..






Renko charts ek unique type ke chart hain jo mainly price movement par focus karte hain, aur time factor ko ignore karte hain. Yeh chart pattern traditional candlestick charts se alag hota hai. Renko charts mein, har "brick" ya "box" ki height ya width fixed hoti hai, aur ye sirf us waqt move hoti hai jab market mein specified amount of price change hota hai.

Yeh hai Renko chart pattern ki tafseel:

Features of Renko Charts:

1. Bricks/Boxes:
   • Renko charts main bricks ya boxes hote hain, jo price movement ko represent karte hain.
   • Har brick ki size ya width pehle se define hoti hai aur ye price ke specified level ka movement represent karte hain.
2. Price Movement:
   • Jab market mein specified price change hota hai, Renko chart par naya brick form hota hai.
   • Agar price specified level se zyada badhe ga, toh ek naya brick upar jayega, aur agar price specified level se neeche jayega, toh ek naya brick neeche jayega.
3. No Time Axis:
   • Renko charts mein time ka koi specific axis nahi hota. Bricks sirf price movement ko dekhte hain, isliye koi bhi time factor nahi hota.
4. Trend Identification:
   • Renko charts ko mainly trend identification ke liye istemal kiya jata hai.
   • Uptrend ko represent karne ke liye bricks upar ki taraf move karte hain, jabki downtrend ko represent karne ke liye bricks neeche ki taraf move karte hain.

Advantages of Renko Charts:

• Clear Trend Identification: Renko charts mein trends clear taur par dikhte hain.
• Elimination of Market Noise: Price movement ke specified levels se neeche ya upar jaane se market noise kam ho jati hai.

Challenges of Renko Charts:

• Whipsaw Movements: Renko charts, especially agar brick size chhota hai, toh whipsaw movements mein susceptible ho sakte hain.
• Not Suitable for All Strategies: Kuch trading strategies ke liye Renko charts suitable nahi hote hain, jese ki intraday trading jahan time factor important hota hai.

Renko charts ka use mainly trend identification aur price movement analysis ke liye hota hai. Har trader ko apne trading style ke hisab se decide karna chahiye ke Renko charts unke liye suitable hain ya nahi.

What is Renko Chart Pattern in Forex.




Renko charts ek unique type ke charts hain jo price action ko darust karne ke liye istemal hotay hain. Ye charts price movement ko blocks ya bricks mein darust karte hain, aur market noise ko kam karke trend ko saaf taur par zahir karte hain. Renko charts traditional time-based charts se thoda alag hotay hain, kyun ke yahan time ki jagah price movement ka focus hota hai.

Yahan, Renko chart pattern ke tafseel se bataya gaya hai:

1. Bricks ya Blocks:
   • Renko charts mein har block ya brick ek mukammal price movement ko darust karta hai.
   • Agar market price ek mukammal "brick" ke size se upar jaati hai, to naya brick upar ki taraf jama hota hai, aur agar neeche jaati hai to naya brick neeche jama hota hai.
2. Fixed Size:
   • Har Renko brick ka fixed size hota hai, jise traders khud mukarar kar sakte hain. Ye size market volatility ke mutabiq adjust kiya ja sakta hai.
3. No Time Factor:
   • Renko charts mein time ka koi concept nahi hota. Har naya brick sirf price movement ko dekhta hai, regardless of how much time elapses between movements.
4. Trend Identification:
   • Renko charts ka istemal trend identification ke liye hota hai. Agar bricks upar ki taraf ja rahe hain, to ye uptrend ko darust karta hai, aur agar neeche ja rahe hain, to ye downtrend ko darust karta hai.
5. Noise Reduction:
   • Renko charts market noise ko kam karne mein madad karte hain. Traditional time-based charts par chhoti chhoti price fluctuations ko Renko charts mein ignore kiya jata hai.
6. Entry and Exit Points:
   • Renko charts traders ko entry aur exit points tay karne mein madad karte hain. Jab trend badalta hai, tab bricks ki direction bhi badalti hai, jisse traders ko pata chalta hai ke market mein kis tarah ka movement hone wala hai.
7. Patterns Recognition:
   • Renko charts par patterns, jaise ke double tops, double bottoms, aur triangles, ko bhi asaanise identify kiya ja sakta hai.

Renko charts ka istemal primarily trend analysis ke liye hota hai, aur ismein price ka clear trend pata chalta hai. Ye charts long-term trends ko bhi saaf taur par zahir karte hain. Renko charts ke istemal mein ek caveat hai ke price movements ke beech mein jo bhi range hoti hai, woh Renko charts mein nazar nahi aati, jisse chhoti fluctuations ko ignore kar diya jata hai.

Renko Chart Pattern Forex mein ek aham aur unique charting technique hai.

Yeh ek non-time-based chart hai jo price movement ko bars ke bajaye "bricks" ya "boxes" mein represent karta hai. Renko charts mein price ka movement tab dikhaya jata hai jab market mein significant price change hota hai, aur time factor ignore kiya jata hai.

Renko charts mein, har ek brick ka size pehle tay kiya jata hai. Jab market mein brick ke size ke hisab se price mein change hota hai, tab Renko chart ek naya brick banata hai. Agar price movement brick ka size se kam hota hai, toh koi naya brick nahi banata.

Renko charts ka basic idea yeh hai ke yeh traders ko market noise se bachane mein madad karta hai aur sirf significant price movements ko highlight karta hai. Isse trend identification aur trading decisions lene mein madad milti hai.

Kuch Renko Chart Key Points:

1. Brick Size: Har ek brick ka size trader ke tajaweezat par depend karta hai. Chhota brick size zyada sensitive hota hai aur jaldi changes ko reflect karta hai, jabke bara brick size market ki general trend ko dikha sakta hai.
2. Upward Movement (Bullish): Agar price ek brick size se zyada upar chala jata hai, toh Renko chart mein ek naya bullish brick banega.
3. Downward Movement (Bearish): Agar price ek brick size se zyada niche chala jata hai, toh Renko chart mein ek naya bearish brick banega.
4. No Side Movement: Renko charts mein horizontal (side) movement ko ignore kiya jata hai. Sirf vertical price movement hi dikhaya jata hai.

Renko Chart Benefits:

1. Trend Identification: Renko charts trend ko acche se dikhata hai aur traders ko market ke clear trends ko identify karne mein madad karta hai.
2. Noise Reduction: Renko charts market noise ko kam karta hai, kyunki chhoti price fluctuations ko ignore karta hai.
3. Entry and Exit Points: Ismein entry aur exit points ko identify karna asaan ho jata hai, kyun ki trend ke reversal ya continuation ko clear taur par dikhata hai.
4. User-Friendly: Renko charts simple aur user-friendly hote hain. Inko samajhna aur interpret karna relatively easy hota hai.

Renko Chart Challenges:

1. Lack of Time Information: Renko charts mein time factor ignore kiya jata hai, isliye traders ko specific time-based information nahi milti.
2. Not Suitable for All Strategies: Renko charts sabhi trading strategies ke liye suitable nahi hote, kuch strategies ke liye traditional candlestick ya bar charts zyada behtar hote hain.
3. Brick Size Selection: Brick size ka sahi taur par tay karna important hai. Agar brick size chhota hai, toh bahut jaldi changes aayenge, jabke agar bahut bada hai, toh trend ko catch karna mushkil ho sakta hai.

Renko charts, un traders ke liye jinhe price movements aur trends ko clear taur par dekhna pasand hai, ek valuable tool ho sakte hain. Lekin, har ek trader ko apne trading style aur preferences ke mutabiq decide karna chahiye ke Renko charts unke liye suitable hai ya nahi.

Renko chart pattern forex mein ek ahem aur khaas tareeqa hai jismein price movement ko "bricks" ya "boxes" mein darust kiya jata hai. Yeh ek non-time-based chart hota hai, matlab ke ismein waqt ka koi hissa nahi hota, sirf prices ke significant changes ko dikhaya jata hai.

Renko charts mein har ek brick ka size pehle se tay hota hai. Jab market mein price mein is size ke mutabiq tabdeeli hoti hai, Renko chart ek naya brick banata hai. Agar price movement brick ka size se kam hai, toh koi naya brick nahi banega.

Is tareeqe ki khaasiyat yeh hai ke yeh traders ko market mein hone wale chhoti-moti tez taareefein (fluctuations) se bachata hai, aur sirf bade aur zaroori price movements ko highlight karta hai.

Kuch Renko Chart Key Points:

1. Brick Size: Har ek brick ka size trader ki marzi aur unki trading style par depend karta hai. Chhota brick size zyada sensitive hota hai aur jaldi changes ko reflect karta hai, jabke bara brick size market ki general trend ko dikha sakta hai.
2. Upward Movement (Bullish): Agar price ek brick size se zyada upar jaata hai, toh Renko chart mein ek naya bullish brick banega.
3. Downward Movement (Bearish): Agar price ek brick size se zyada niche jaata hai, toh Renko chart mein ek naya bearish brick banega.
4. No Side Movement: Renko charts mein horizontal (side) movement ko ignore kiya jata hai. Sirf vertical price movement hi dikhaya jata hai.

Renko Chart Ke Faide:

1. Trend Identification: Renko charts trend ko acche se dikhata hai aur traders ko market ke clear trends ko identify karne mein madad karta hai.
2. Noise Reduction: Renko charts market noise ko kam karta hai, kyunki chhoti price fluctuations ko ignore karta hai.
3. Entry and Exit Points: Ismein entry aur exit points ko identify karna asaan ho jata hai, kyun ki trend ke reversal ya continuation ko clear taur par dikhata hai.
4. User-Friendly: Renko charts simple aur user-friendly hote hain. Inko samajhna aur interpret karna relatively easy hota hai.

Renko Chart Ke Challenges:

1. Time Factor Ki Kami: Renko charts mein waqt ka koi hissa nahi hota, isliye traders ko specific time-based information nahi milti.
2. Sabhi Strategies Ke Liye Suitable Nahi: Renko charts sabhi trading strategies ke liye suitable nahi hote, kuch strategies ke liye traditional candlestick ya bar charts zyada behtar hote hain.
3. Brick Size Ka Chayan: Brick size ka sahi taur par tay karna mushkil ho sakta hai. Agar brick size chhota hai, toh bahut jaldi changes aayenge, jabke agar bahut bada hai, toh trend ko catch karna mushkil ho sakta hai.

Renko charts, un traders ke liye jo price movements aur trends ko saaf aur clear taur par dekhna pasand karte hain, ek ahem tool ho sakte hain. Lekin, har ek trader ko apne trading style aur pasandidgi ke mutabiq decide karna chahiye ke Renko charts unke liye suitable hain ya nahi.

How we identify Rinko chart pattern in trading? AOA
Dear me umeed krta ho ap mere post ko prhae gye dear js pr baat kr e wale hain wo he Rinko pattern ye pattern bhot pattern he jo market ke gradually upward movement ko show krta he js se market ooper ko jaate he factor ko ignore karta hai aur sirf price movement par focus karta hai. Har ek fixed price movement ko represent karta hai. Jab price movement brick ki limit tak pohanchti hai, tab ye hota he ko determine kaise interact kar rahe hain.Kuch specific Renko patterns bhi hote hain, jaise ke Double Tops, Double Bottoms, jo traders ko trend reversal ke signals karte waqt, price movement ka percentage ya fixed amount ko madde nazar rakha jata hai. Jab prices is movement se upar ya neeche jaate hain, tab hi naya brick banata hai.Renko charts ka istemal trend ka pata lagane mein madadgar hota hai. Agar bricks upar ki taraf ja rahe hain, toh yeh uptrend ko represent karta hai, aur agar neeche ja rahe hainpreference pe depend karta hai.Renko chart ke zariye trend ki pehchan hoti hai. Agar uptrend hai, toh har naya brick upar move karega, aur agar downtrend hai, toh har naya brick neeche move karega jb ye downward movement kare ga tu is se market upward ya is ke barash k6 mints ke lye downward jae lkn ultimately upward ko slowly se move kre gye


Working of this pattern in market
Is chart pattern ke working ko samjhne ke lye is ke formation ko dekhna ho ga ke ye market me kis waqt banta he jb market ke andr kese product ke demand zyada ho jae tu is pattern ke formation ka andza ho jata he deta hai.Trading signals ko easily generate karta hai. Renko Chart Pattern Uses. Renko chart pattern ka istemal karna bahut hi asan hai. Traders ko sirf apni block size ka selection karna hai aur apne trading shauq aur maharat ka mamla hai. Traders ko is chart pattern ko samajhne mein thoda waqt lag sakta hai, lekin jab ek bar samajh jata hai toh yeh ek powerful tool ban jata hai market trends ko analyze karne ke liye. Iske sath, traders ko market mein hone wale potential opportunities aur risks ka bhi behtareen andaza ho jata hai. platform par renko chart ko apply karna hai. Renko chart pattern ke saath traders price action aur trend ko easily identify kar sakte hain aur trading signals generate kar sakte hain is ke Renko chart pattern forex traders ke liye bahut hi useful tool hai. Ye price movement ko horizontal blocks mein darshata hai aur market trend ko easily identify karne mein madad karta hai.

What is Renko Chart Pattern in Forex..

Renko Chart Pattern in Forex - Forex Mein Renko Chart Pattern

Mawad: Renko Chart ek aisa technical analysis tool hai jo market trends ko visualise karne mein istemal hota hai. Ye chart pattern price movements ko blocks (bricks) mein represent karta hai, jisse ke market ki direction asaanise samajh aati hai.

Tafseelat: Renko chart pattern traditional candlestick charts se mukhtalif hai. Ismein har brick ya block ek fixed price movement ko darust karta hai, aur jab market is movement ko paar karta hai, toh ek naya brick shuru hota hai. Agar price movement brick ki size se kam hai, toh koi naya brick nahi banta.

Kaise Kaam Karta Hai:

1. Brick Size: Renko chart ka sabse ahem hissa hai brick size. Ye trader ke mutabiq hota hai aur iska istemal market ki volatility ke mutabiq hota hai.
2. Upward and Downward Movement: Agar price brick size ke mutabiq ooper jaata hai, toh naya green (upward) brick banega. Aur agar price brick size ke mutabiq neeche jaata hai, toh naya red (downward) brick banega.
3. No Time Factor: Renko chart mein time factor nahi hota, sirf price movement ka focus hota hai.

Trading Mein Istemal:

1. Trend Identification: Renko chart patterns ko dekhte hue traders market trends ko asaanise identify kar sakte hain.
2. Support and Resistance: Support aur resistance levels ko bhi Renko charts se define kiya ja sakta hai.
3. Noise Reduction: Renko charts volatility ko kam karke market noise ko kam karne mein madad karte hain.

Muhim Points:

• Renko chart ka istemal karne se pehle, traders ko market conditions aur trends ko samajhna chahiye.
• Brick size ka sahi istemal karna ahem hai, kyun ke chhota ya bada brick size market conditions par depend karta hai.

Naseehat: Renko charts ek powerful tool ho sakte hain, lekin traders ko inka sahi istemal karne ke liye market ki thorough analysis aur risk management ke sath apne trading strategies ko tay karna chahiye. Iske alawa, professional advice lena bhi behtar hai, khaas karke agar aap naye hain forex market mein.

What is Renko Chart Pattern in Forex.. kai ahi

Renko Chart Pattern in Forex

1. Kya Hai:

• Renko charts ek unconventional charting technique hai jo ke traditional time-based charts se alag hota hai.
• Yeh charting method price movements ko bars ya candles ki jagah bricks ya "Renko blocks" ke roop mein represent karta hai.

2. Renko Blocks Ka Taur Par Representation:

• Brick Size:
  • Har Renko block ka size predetermined hota hai, jo ke trader apne preferences ke mutabiq tay kar sakta hai.
  • Agar price movement brick size se barh jata hai, toh naya Renko block ban jata hai.
• No Time Factor:
  • Renko charts mein time ka koi role nahi hota. New blocks tabhi bante hain jab price movement brick size ke mutabiq hota hai.

3. Kaise Banate Hain Renko Blocks:

• Upward Movement (Bullish):
  • Agar price brick size se zyada move karta hai toh ek naya Renko block upar ki taraf banta hai.
  • Har block ke bottom par ek line hoti hai jo pehle block ki top par milti hai.
• Downward Movement (Bearish):
  • Agar price brick size se neeche move karta hai toh ek naya Renko block neeche ki taraf banta hai.
  • Har block ke top par ek line hoti hai jo pehle block ki bottom par milti hai.

4. Trading Strategies:

• Trend Identification:
  • Renko charts ka istemal trend identification ke liye hota hai. Agar blocks ek direction mein regularly bante hain, toh woh trend ko represent karte hain.
• Reversal Signals:
  • Agar price trend mein change hota hai aur naye blocks opposite direction mein bante hain, toh yeh reversal signal ho sakta hai.
• Brick Size Selection:
  • Brick size ka sahi chunav karna important hai. Small brick size jyada noise create kar sakta hai, jabki large brick size mein trends ko identify karna mushkil ho sakta hai.

5. Advantages of Renko Charts:

• Noise Reduction:
  • Renko charts noise ko kam karne mein madad karte hain aur clear trends ko highlight karte hain.
• Simplicity:
  • Renko charts simple aur user-friendly hote hain, jisse ke traders easily trends ko identify kar sakte hain.

6. Caveats (Ehtiyaat):

• Renko charts ke istemal se pehle, traders ko iski tafseelat aur tareeqe ko samajhna important hai.
• False signals se bachne ke liye, doosre technical indicators aur confirmatory tools ka bhi istemal kiya jana chahiye.

Conclusion (Mukhtasar): Renko charts ek unique aur effective charting method hai jo market trends ko visually represent karta hai. Iska istemal noise reduction aur trend identification ke liye hota hai. Lekin, traders ko iske tareeqon aur limitations ko samajhne ke liye tayyar rehna chahiye.

What is Renko Chart Pattern in Forex


Renko Chart ek technical analysis tool hai jo ke Forex trading mein istemal hota hai. Ye ek unique chart pattern hai jismein price movements ko bars ya candles ki jagah bricks ya blocks mein represent kiya jata hai. Har brick ka size pre-determined hota hai aur price movement ke hisab se new bricks banate hain.

Renko charts mein bricks ke size ko "box size" kehte hain. Agar price box size se zyada move karta hai, toh ek naya brick banta hai. Ismein price ki choti ya fluctuating movements ko ignore kiya jata hai, aur sirf significant price changes ko highlight kiya jata hai.

Renko charts traders ko trend ka pata lagane mein madad karte hain. Agar bricks uptrend mein bante hain, toh ye trend bullish hai, aur agar downtrend mein bante hain, toh ye trend bearish hai.

Renko charts ki ek khas baat ye hai ke time factor nahi hota, sirf price movement ko dekha jata hai. Iski madad se traders ko clear trend signals milte hain aur noise ko kam kiya jata hai. Renko charts ka istemal traders ke risk management aur entry/exit points ko determine karne mein hota hai.

Is chart pattern ko samajhne ke liye practice aur experience ki zarurat hoti hai. Har trader ke liye suitable tools alag hote hain, isliye ye zaroori hai ke aap ise apne trading strategy ke sath integrate karne se pehle ise achhe se samajhein aur test karein.

Renko charts mein noise kam hota hai kyun ki woh sirf substantial price movements ko highlight karte hain. Iski madad se traders trends ko detect kar sakte hain aur trading decisions le sakte hain. Renko charts ko samajhna aur istemal karna traders ke liye thoda sa practice aur experience require karta hai.

What is Renko Chart Pattern in Forex.. kai hai

Renko Chart Pattern ek unique charting technique hai, jise traders forex market mein price movements ka analysis karne ke liye istemal karte hain. Renko charts traditional time-based charts ke alag hote hain, kyunki yahan par sirf price movements par dhyan diya jata hai, samay (time) ko ignore karte hue.

Key Features of Renko Chart:

1. Brick Size:
   • Renko charts mein, har "brick" ya "box" ek fixed size ka hota hai. Yeh size trader ke pasand ke mutabiq set kiya ja sakta hai. Agar price us size se zyada ya kam move karta hai, tab hi naya brick banta hai.
2. No Time Axis:
   • Renko charts par time axis nahi hota. Har brick ke beech mein jitna time lagta hai, waisa hi hota hai. Yeh samay ke fluctuations ko ignore karta hai.
3. Trend Identification:
   • Renko charts ki madad se traders trend ko aasani se identify kar sakte hain. Agar bricks upar ki taraf ja rahe hain, toh ye uptrend ko darust karta hai, aur agar neeche ki taraf ja rahe hain, toh ye downtrend ko darust karta hai.
4. Clear Entry and Exit Signals:
   • Renko charts par clear entry aur exit signals milte hain. Jab price ek naye brick banata hai, tab ye trend ko confirm karta hai aur traders ko entry/exit points mil jate hain.
5. Noise Reduction:
   • Renko charts market mein hone wale chhoti-moti price fluctuations ko ignore karte hain, jisse ki overall trend ko samajhna aasan ho jata hai.

Renko Chart Construction:

• Brick Size Setting:
  • Trader ko decide karna hota hai ki har ek brick kitna size ka hoga. Jaise ki 10 pips, 20 pips, etc.
• Upward Brick:
  • Agar price brick size se zyada badh jaata hai, toh ek naya brick upar ki taraf banata hai.
• Downward Brick:
  • Agar price brick size se zyada neeche jaata hai, toh ek naya brick neeche ki taraf banata hai.

Trading Strategies with Renko Charts:

1. Trend Following:
   • Traders Renko charts ka istemal karke trend following strategies bana sakte hain, jismein unhein clear trend direction milta hai.
2. Support and Resistance:
   • Renko charts par support aur resistance levels ko bhi aasani se identify kiya ja sakta hai.
3. Chart Patterns:
   • Renko charts ke zariye chart patterns, jaise ki double tops, double bottoms, etc., ko bhi identify kiya ja sakta hai.

Mashwara:

• Renko charts ka istemal karne se pehle, aapko iski working aur trading strategies ko samajhna important hai.
• Renko charts ke istemal se pehle, aapko iske limitations aur potential challenges bhi samajhne chahiye.