Renko chart strategies

INTRODUCTION:Renko chart aik bahut acha trading tool hai, es ko samjhna bahut ziada important hai , us k liay define kartay hain takeh basic understanding ho, pher explanation ki taraf jaen gy .
Definition:
"Aisa chart jo keh next column mein brick place karnay sa form hota hai, aik bar jab price previous brick ka box size amount ka top ya bottom ko surpass karnay sa banta hai, usko renko chart kehtay hain."
For-example:
Stock mein example dekhain, ap assume karain keh stock ki trading 10 dollar sa hai aur box size 0.25 dollar hai. Agar price oper 10.25 dollar per jay to new brick formation hogi.
Explanation:

• Renko chart aik aisa chart hai jo keh Japanese na develop kia, jo keh price movement ki base per build hota hai, rather dono price aur standardize time intervals jesa keh aksar chart hotay hain.
• Yeh japanese ka brick ka liay use honay waly nam ka bad form hua "renga" q keh chart bricks ko series ki tarah lgta hai.

Important points:
1) Renko charts aisi bricks per compose kartay hain, jo keh 45 degree per create hotay hain, consecutive bricks aik dosray sa beside occur nahin hotay.
2) Bricks koi bhi price size men ho sakti hain jesa keh 0.10, 0.50, 5 aur so on. Es ko box size kehtay hain. Box size average true range per bhi base kar sakta hai.
3) Renko charts mein time axis hota hai per time scale fixed nahin hota. Kuch bricks longer hoti hain dosri ka muqably mein es per depend kartay huay keh price kitna ziada required hoti hai next box ki taraf movement ka liay.
4) Renko charts noise ko filter out kartay hain aur traders ko help kartay hain keh clearly trend ko dekh saken , q keh sab movement jo keh box size sa smaller hoti hain, woh filter out ho jati hain.
5) Renko charts typically sirf closing prices ko use kartay hain, chart ka chosen time frame per depend kartay huay. Jesa keh agar hm weekly time frame use kar rahy hain to weekly closing prices bricks ki construction mein use hn gi.
6) Esko aik simple picture sa understand karnay ki koshish kar saktay hain:

Es picture mein aik simple graphical chart explanation hai jis sa hmen renko ki identification ho sakti hai.


NZDUSD two-brick renko crossover entry signal:

• Dominant trend ka bad direction determined hoti hai, traders renko charts ki simplicity ko ise kar saktay hain, single 13 period EMA trigger ko entry signal ki direction mein major trend use kartay huay.
• Pehlay two green bricks kiki 13 EMA ka above appear honay kaka wait karen. Pher long entry lo 2nd green brick ki 13EMA sa above entry per.
• Aik bar jab trader triggered ho jay to protective stop lgaen , aik brick 13 EMA ka below per, takeh ham trend ka sath stay karen , to picture dekhtay hain

Umeed hai oper di gai explanation ka bad es picture ko dekh k apko samjh a gai hogi.
Renko Engulfing Bar Strategy:
Eski aik example dekhain, aik charchart hai GBPUSD mein M2 per , sab sa pehlay clear downtrend market mein, es ka bad engulfing bar hota hai clear downtrend ka bad, pher SL set karen aur tp bhi sl per clear uptreuptrend hoga market mein , pher low per stop ho jata hai, to picture dekhain:

Umeed hai es picture sa apko achay sa understanding mil gai hogi , ail similar picture dekhtay hain jo keh simplified hai.

Umeed hai es picture sa apko achy sa samjh a gai hogi. Agar koi question ho ap poch saktay hain. Thanks members.

Re: Renko chart strategies

Types of Market Analysis:
Types of Market Analysis:

3 Qisam ke analysis hoten hain

1: Technical Analysis
2: Fundamental Analysis
3: Sentiment Analysis

Market per bhe ziaydeh asar in analysis ka he rehta hai aur professional trader in analysis ka sahara le kr market ko follow krten hain aur market se acha profit bhe earn krten hain aur in 3no analysis ki knowledge gain krna itna asan kam nahe aur in ki ehmiyat ho bhe nazar andaz nahe kiya ja sakta hai thora mushkil kam hai in analysis ko sekhny mein laken namumkin nahe ager ap dil laga ke mehnat krte ho aur apna acha time forex ki learning ko de rahe ho tu ap easily in analysis ki knowledge gain kr lyn gyen bs thori se mehnat darkar hai.

Importance of Market Analysis:

Analysis trading mai itni importance rkhty hain k agr inko ignor kr dia jai to ham market mai kabi b kamyab trade nhi kr skty agr follow kr k ham trades open krty hain to ham zror kamyabi hasil krty hai dosto apni trades ka in analysis ko ahm hisa bna lena chahiye qk jitny b professional traders hain wo is market mai jb b trades open krty hain to in anlysis ki madad sy market ko smjhny k bad hi trade open krty hain or profitabel trade bnaty hai hame b chahiye k jab b ham trades open krny lgain to us sy pehla market ko achy sy analysis kia jai or market k suppoert level or resistance ko dekh kr trades open ki jain tak ham sucessful trade kr sakain or acha profit hasil kar sakian 👈dosto hamesha kamyab wohi hoty hai jo mehnt krty hain in analysis ko smjhna sekhna asan to ni lakin ham in analysis ko achi trha use b kr skty hain or smjh b skty hain forex trading k demo account mai or demo account mai ham trading practice krty wakt analysis ko use krk inki working ki ahmiyat smjh jaty hain or inka use b smjh jaty hain lakin skht mehnat ki zrort hoti hy.

Explanation of Market Analysis:

Analysis ki three types hain jin ko use kar kay forex trading market price ko analysis kar kay next movement ka pata chalatay hain
1st par technical analysis atay hain jin ko traders chart ki help se analysis kartay hain chart ko analysis karne kay liey traders indicators ka bhi use kartay hain or chart ko traders price action ki help se bhi analysis kartay hain indicators me stochastic oscillators indicators macd rsi etc ka use kea jata ha
fundamental analysis me traders economy ko analysis kartay huey analysis kartay hain un me news events shamil hotay hain jaisa kay jub bhi koi news release hone wali hoti ha traders os ki value ko analysis kartay hain waisy bhi ap political halat ko dekh kar bhi fundamental analysis kar sakte hain sentiment analysis me traders volume etc ko dekh kar analysis kartay hain.

Re: Renko chart strategies

Renko chart pattern ko two words sy show kia jata hai first word is use kia jata hai wo hota hai break or second word quit path use kia jata hai yh Petron of commodities price ki movement ko smjhny k liye use kia jata hai is tarah ka pattern brick assending or descending ho jata ha is pattern me gren or white color use kia jata hai or bhi sending k liye red or Black b use kia jata hai is pattern ko hum greater or smaller me accurate kr skty hn.

High/low Patern of Renko Chart.
Normal charts ki tarah renko 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 agli brick bananay kay liay ye value increase kartay jatay hain, jaisay agr kisi pair ki value 200 hay aur us main 10 point chart use hua ho to ye prices 210 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 hotiRed renk ent ko mokamal karnay kay ley price ko green ent say 10 pips r phir mazeed 10 pips monytakell karna paren gay renko chart par har aik wick ka matlab yeh hey price nay pposite direction janay ke koshesh ke laken nakaam rehe wick red mein price ke movement ke lambai ko zahair karte hey

Renko Pattern ka istimal kerty hoy trading kerna
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.

Re: Renko chart strategies

Chart kya
Chart Chart ki eyk qism Hy Jesay nae taiyaar kya Hy jau qiimat aur meyaari waqt key ki bajaa ey Kheemtoon ki naql o harkat ka istemaal Kartay Hoye Banaya gaya hae jaesa keh zeyaadah tar khayaal kya jaata hae keh is ka naam Einton key Japani lafz key naam par Rakha gaya hae kiyun keh yeh Chart Einton ki eyk Series ki tarah Lagta eyk Naye iint is waqt Banti hae jab qiimat eyk makhsuus qiimat ki raqam ko Muntaqil Karti Hy aur har ko Degree zaawiyah yaa par paehley ki iint par Rakha jaata eyk uupar ki iint aam tor par safeyd yaa sabz rang ki Hoti Hy Jubk niichey ki iint ka rang aam tor par siyaah yaa surkh Hota
Chart aap ko kya Batata
ko Kheemtoon ki mamuuli naql o harkat ko Filter Karnay key Liye kya gaya hae takehe Taajron key Liye ahem Rujhaanaat par tawajjoh Markooz karna aasaan agar cheh is sey Rujhaanaat ko talaash karna bahot aasaan Ho jaata Hy leykin manfi paehlu yeh hae keh Chart ki Einton ki saadah tamiir ki wajah sey qiimat ki kuchh maluumaat zaae Ho Jaati Chart Banae ka paehla qadam eyk Box key Size ka intekhaab karna hae jau qiimat ki harkat ki shiddat ko zaahir kurta misaal key tor eyk Stock ka Box Size Ho Sakta hae yaa Currency meyn Box Size Ho Sakta eyk Chart is key baad Aglee Column meyn iint Rakh Kar Banaya jaata hae jab qiimat Box key Size key hesaab sey Pachli iint key uupar yaa niichey sey aagey Naqal Jaati