Forex trading main "Renko Chart" ki appearence aur importance,

Dear friends, Forex market main trade kay liay mukhtalif types kay charts use kiay jatay hain, jin main say line chart, bar chart aur candlestick charts famous hain, in kay ilawa charts ki aik kisam ka naam renko chart bhi hay,

Renko chart ki appearence aur features:






ye aik complicated lakin reliable chart consider kia jata hay, ye pairs ki prices par focus karta hay aur time factor ko ignore karta hay, is ko japanese nay develop kia aur working main ye point and figure chart kay kafi similar hota hay, in main difference sirf itna hota hay kay renko chart main blocks aur boxes use hotay hain jab kay point and figure main X aur O column use hotay hain, renko chart aik brik per column kay sath normaly 45 degree line main move karta hay,

Drawing pattern of Renko chart:



Dusray charts ki tarah is chart ko draw karnay kay liay technical indicators ko use karna lazmi nhi hota, traders pehlay brick value ya range unit set kartay hain jo normaly ten rakhi jati hay, is tarah next brick draw karnay kay liay ye value increase hoti jati hay, jaisay agr kisi pair ki vlaue 100 hay aur us main 10 point chart use hua ho to ye prices 110 par move karay gi, agr is price is fix ki gae value sa km up ya down move karta hay to koi brick draw nhi hoti

information and indication provided by Renko chart:



ye chart trader ko mukhtalif kisam ki information provide karta hay jin main support aur resistance ki identification kay ilawa trend ki information aur trading positions off set honay main time ki detail ko bhi janchta hay, ye market ka aik long term view provide karta hay, is kay zariay triangles aur double bottom pattern ko bhi identify kia jata hay, is kay ilawa ye stoploss aur take profit place karnay main bhi help daita hay

Re: Forex trading main "Renko Chart" ki appearence aur importance,

Renko ik chart ki type hai jis ko pairs or commodities ki price movement ko show karny kay laye use kiya jata hai. Ye candlestick chart ka alternative hota hai jo prices changes ki show karta hai. Forex renko chart ki agr bat ki jaye to ye do colour ki bricks ki tarha nazar ata hai jis ki length or width same hoti hai. But es chart ma har brick previous brick sy higher or lower hoti hai. Renko chart ko 100 years ago rich traders ny develop kiya tha. Es ma price ko pori tarha record karny ki bajae serf change ko record kiya jata hai. Es tarha wo apna time, paper or ink sb kuch safe kar lety hain. Renko ko do words sy translate kiya jata hai. Ik word jo eskay laye use kiya jata hai wo brick or dosra quiet path hai.



Renko bar (Bricks)

Candlestick chart ki tarha bricks bi asending or decending ho sakti hain. Renko chart ma growth kay laye green or white colour use kiya jata hai or decline kay laye red or black colour use hota hai. New bar tb form hoti hai jb previous bar ma kio change occur karta hai or ye change greater or smaller kay tor par occur kar sakta hai. Ascending bar es time par form hoti hai jb given time period ma current change previous change sy higher ya greater hota hai. Same es he tarha decending bar tb form hoti hain jb current price previous bar sy smaller hoti hai ya decline karti hai. So en bricks ma minor changes kio kisi specified time period ma show kiya jata hai.

Uses of renko charts.

Forex ma renko chart kay bhot sary uses hain jin ko ham briefly discuss kar lety hain. Pehle number par ye market ki support or resistance level ko find karny kay laye use kiya jata hai. Ye level agr trader ko pata chal jaye to wo trades ko betterway sy manage kar sakta hai. But jo trader en levels ki find kaye bena trade karty hain unkay laye trade karna bhot tuff ho jata hai. Second eska besr use ye hai kay ye marker ki over bought or over sold state ko find karny kay laye estamal ho sakta hai. Jb market overbought ma ho to trader ko sell ki trade ko open karna chahe or jb ye oversold state ko show kary to trader buy ki trade ko use kar sakty hain. Third es ka bhot important use ye hai kay ye breakout ko bi show karta hai. Trader ny ye analyze kiya hota hai kay market jb bi breakout karti hai wo longer move ko carry karti hai

Calculation of renko charts.

Jesa kay pehle discuss ho chuka hai kay es ma new bar tb form hoti hai jb price ma kio change occur karta hai. Ye change bhot positive or negative sense ma ho sakta hai. But now ham es ko calculate karny kay steps ko discuss karyn gy. Firstly ye percentage value sy find kiya ja sakta hai or secondly ye ATR ki help sy bi find kiya ja sakta hai or lastly ye static box price sy bi find kiya ja sakta hai.

Re: Forex trading main "Renko Chart" ki appearence aur importance,

Forex main technical analysis kay liye kai types kay charts patterns mufeed hain jin main say Renko chart pattern aik hay jo hamain mukamal chart screen per nazar ata hay. Iska name is liye rakha gia keh jis tarah aik bricks ki series 45 angle per aik kay bad dusry ko jorti chali jati hay isi tarah yahan per small ya large candles bricks ki tarah he aik sequence main aik dusry ko milati jati hain. Yeh bricks series different colours and sizes ki banti rehti hain. Is main long and shorts dono types ki bricks shamil hoti hain. Is main sirf closing prices shamil hoti hain chahy ham koi bhi time frames use karain.





Interpretation from Renko chart.
Renko chart price ki minor movement main changes ko bhi hamain samjhny main bahut muasar sabit hoty hain, is liye keh yeh isko box size say show karta hay. Ager aik dafa box size ham set kar dain to price is limit ko jab cross kary gi to he new box bany ga. Aik dafa box ban gia to yeh phir delete bhi nai hota.

ATR is main component of Renco*chart.
ATR ko price ki volatility measure karny kay liye use kia jata hay is liye ye time kay hisab say fluctuations karta hay. Is liye*renco*chart bhi ATR kay uper he based hay jo keh ATR ki value ky hisab say box ka size fluctuate karta hay.

Increasing or decreasing the box size.
Renco*chart main box ka size increase ya decrease chart ki smoothing par asarandaz karta hay. Yani chart ka size decrease karny say hamain more swings and more signals milain gay. Jab keh size increasing say swings and noise kam ho jaye ga aur price reversal signal bhi slow ho jaye ga.

How to use*Renco*Chart.
Renco*chart main trading colour based boxes per ki jati hay. Green bricks buy kay liye uptrend batata hay, jaisy he green bricks red bricks main change hona shuru ho jayain to is series main downtrend mil raha hota hay jis main again sell karna chahiye.

Limitations.
Renco*chart main bazahir bricks color based trading simple lagti hay. But is main aik major masla yeh hay keh bricks ki completion main time ziadah lag jata hay. Maslan jab box size define kar dia jaye to aik brick baz dafa kuvh dinon main ban jata hay jab keh dusray hafton ya maheenon main banta hay. Is liye is main true signal find karny kay liye hamain bahut wait karna parr sakta hay. Iskay ilawah is main sirf closing price li jati hay aur high and low ko ignore kia jata hay.