What is Renko chatty pattern in fore x

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INTRODUCATION
Dear friends kia hal jb ap ky main unwed karta hm ky ap sub theak hon hy or fore x market neon ache trading kar ky acha profit basil kar rahein hon gyaj main ap ko RENKO pattern kay bath neon batna chaheta hon k counter attack line candles pattern hmain current trend k reversal ka signal daita ha, ye bullish aur bearish dono ho saktay hain jo is baat par depend karta ha k ye kis tarah k trend ma appear ho raha ha, ye do candles sa mil kar bnta ha jo color aur direction ma aik dusray k opposite hoti hain, is ma trend ki direction ko confirm karnay k liay hmain 3rd ya 4th candle par depend karna parta ha, ye pattern show karta ha k uptrend ma buyers control loose kar rahay hain aur downtrend ma sellers control loose kar rahay hain, ye aik specific pattern ha jo candles chart par ziada nhi milta, traders ko successful trade k liay is pattern ko dusray technical anaylisis k sath use karna chaiay
DEFINITION RENKO PATTERN

Market mein renko chart pattern ko 2 alfaz mein byan kea jata hay. jis ka phla lfaz brick aor dosra lafz quiet path hai. Ye chart pattern prices aur Commodities ki price Ki movement ko show krny k ly use kia jata hai. Or is trah yeh pattern brick ascending or Descending ho sakta hay. Is ly is pattern mein green or white color use kia jata hay. OR decline k ly red aurr black istemal kia jata hay. Is Candlestick pattern ko hum greater or smaller k ly accure kar sakty hain. Is ly is ko renko chart pattern kaha jata hay.


Definition of renko


HOW TO USE RENKO PATTERN

Renko Chart Pattern main trading colour based Boxes yani k bricks per ki jati hai. Green brick ki series humy Buy ka uptrend ka btati hai. Jab green bricks red brick main change hona shoru ho jae to market main downtrend mil rha hota hai. Jsi main hum trade ko again sell kr sakty hain.forex market main renko chart pattern k bahut se uses hain. Jin ko use kr k hum trsding main acha profit earn kr skty hain or unko hum easily identify kr skty hain. Renko Chart Pattern market k Support or resistance level sy b find kia jata hai. Or professional traders isko trading k better way k ly b use krty hain. Dear jab market Overbought main ho to humy sell ki trade active krni chahiye. Or jab oversold main ho to buy ki active krni chahiye.




CHANGING BOX SEZE

Forex trading main renko chart main box ka size Increase or decreas chart smoothing per aserandaz krta hay. Jab market mein box ka size decrease krny see swing k bahut see signals milty hain. Kb size increase hota hai to market me swing r noise km ho jae ga or market price reversal ka signals dy deti hay.
Forex market mein renko chart pattern mein Positive aur Negative Sense ho sakti hain. To is ki Calculation krny k ly is ko pehly details sy discuss krna chahiye. First main Percentage value ki ja sakti hay. OR second main ATR se find kia ja sakta hai. R last main hmy is ko statistics price see find kr sakty hain.


Box SEZE changing method



EXPLANTIONRenko Chart Pattern market k Support or resistance level sy b find kia jata hay. Or professional traders is ko trading k better way k ly b istemal krty hain. Dear jab market Overbought main ho to hmein sell ki trade active krni chahiye. Or jaRenko Chart Pattern mein trading colour based Boxes yani k bricks per ki jati hay. Green brick ki series hmein Buy ka uptrend ka btati hay. Jab green bricks red brick main change hona start ho jae to market main downtrend mil rha hota hay. Jsi mein hum trade ko again sell kr sakty hain.


Renko trading

Re: What is Renko chatty pattern in fore x

How do Renko charts work?

A Renko chart is a type of price chart created by bricks that move up or down from the previous brick at a 45-degree angle. Bricks are never directly beside one another. The user of the Renko chart determines the brick size for the chart, which then determines when a new brick will form.
As an example, let’s analyse the below Euro 50 Index price chart. If a 35-brick size is chosen, this means that the price needs to move 35 points from the closing price of the prior brick in order to form a new brick in the current direction. Since bricks can’t form beside each other, the price needs to move 70 points to form a brick in the opposite direction. Only moves of 35 points, in this case, are highlighted by the bricks. Moves smaller than 35 points (from the previous brick) will not form new bricks.








Notice that the timeframe on the chart is set to one day. This means that new Renko bricks will only form based on the closing price of the day. Since the previous brick was red at the far left of the chart, the price needs to drop 35 points below the low of that red brick to form another red brick. Since this is a daily time frame, the price could drop 50 points below that level, but if the price closes less than 35 points below the last red brick, a new brick would not be drawn as it is only the closing prices that matter.
The time frame can be set to a number of different intervals between one second and one month. Choosing a one-minute chart means that bricks are drawn based on the closing price each minute. Learn more about trading on different chart timeframes. Renko charts can be used to display price data for any financial instrument, such as stocks, currencies, ETFs, commodities, indices and treasuries.



Understanding Renko charts in trading

Renko charts tend to filter out small price movements. This chart type is therefore good at highlighting trends and can even be used as a type of trailing stop-loss.
For example, the above chart shows an extended uptrend from the middle of May into early June. At no point did the Renko chart reverse. A trader holding this trade could have profited 385 points (11 x 35) before the first red brick occurred, which could typically provide an exit signal, as the downtrend had then begun.
Following this, there was an extended drop in October, which could signal to traders to short their positions and avoid buying. This was followed by a strong uptrend in November, providing steady returns for anyone holding a long trade through all of the green bricks.
There is also a drawback, though. There are times where the Renko chart appears very choppy between June and October. Attempting to buy and sell based on changes in colour or direction during this period could possibly result in frustration and losses. Therefore, Renko charts are best used in conjunction with price action analysis and other trading strategies as opposed to being used completely on their own.




Renko bars

Renko bricks are sometimes called boxes, bars or blocks. Bar is a term that comes from bar charts, where each data point is a bar, just like each data point on a candlestick chart is a candle.
Below is another example of a Renko price chart, where each brick or bar represents 50 pips of movement in the EUR/USD currency pair. We have highlighted where there are prominent trends, choppy price action and trend reversals.