Forex trading ma charts bhot important hoty hain. Chart kay bena forex trading aj kal possible ni hai. Renko chart ik bhot famous pattern hai. Different view points ko explain karny kay laye ham renko chart ko use karty hain. Agr ap raw price action ko find karna chahtyn hain to ye chart bhot worth while hai.
What is Renko Chart pattern.
Bhot sary trader renko chart pattern ko japanese word brick sy mushaba kiya jata hai. Es laye kay ye series of brick par mustamil hota hai. Jb price certain amount ko hit karti hai to new brick form hoti hai. Trader har block ko previous brick kay 45 degree angle par place karty hain. Typically up brick ko green candlestick or down brick ko red candlestick sy use kiya jata hai. Financial market ma renko chart price ko display karny kay laye use kiya jata hai. Ye block same size kay hoty hain or ye both bullish or bearish ho saktyn hain. Kiu kay es ma brick ka size same hota hai or es ma time ko consider ni kiya jata.
How to read the chart.
Various parameter ko renko chart ki identification kay laye use kiya jata hai. Es ma type or colour ki apni alag importance hai. Now ham renko chart kay types ko discuss karyn gy.
1. High / Low Renko Chart.
Es type kay renko chart ma har kisam ka price action consider kiya jata hai. Jis tarha name suggest karta hai ye chart pattern lowest or highest point par consist karta hai.
2. Open / Close Renko chart.
Es chart ma serf us us chart ko consider kiya jata hai jo open or closing point ko use karta hai. So ham keh saktyn hain kay es ma open or close range ko discuss kiya jata hai.
The colour of Renko chart.
Renko chart brick ko change in colour ko identify kiya jata hai. So hamy es sy ye bi pata chalta hai kay ham kesy es pattern sy trade kar saktyn hain. Brick kay colour tb change hota hai jb price ki direction change hona start ho jati hai. Agr pehle red brick ho or phr green brick ho to price 10 steps tak green brick sy move ni kar pati. Es laye price ko 10 step red brick sy move karna start ho jati hai.
What does renko chart type tell trader.
Serf vital trend par trade karny kay laye ye chart baki sb ko filter kar deta hai jo trader kay laye bhot benefit farham karta hai. Es waja sy market ka trend find karna bhot easy ho jata hai. But es ka down side ye hai kay trader some information ko lost kar bethtyn hain. Ye simple brick construction renko chart ki neshani hai.
Advantages of using renko chart.
Renkos time axis par base karta hai but time interval constant ni hai. Es ma ik month ki brick chahe hoti hai up move karny kay laye jb kay other brick kuch ganto ma form ho jati hai. Ye candlestick pattern sy different hoti hai kiu kay en ma candlestick har time interval ki alag alag hoti hain. Chart ki smoothness brick kay size par depend karti hai.
What is Renko Chart pattern.
Bhot sary trader renko chart pattern ko japanese word brick sy mushaba kiya jata hai. Es laye kay ye series of brick par mustamil hota hai. Jb price certain amount ko hit karti hai to new brick form hoti hai. Trader har block ko previous brick kay 45 degree angle par place karty hain. Typically up brick ko green candlestick or down brick ko red candlestick sy use kiya jata hai. Financial market ma renko chart price ko display karny kay laye use kiya jata hai. Ye block same size kay hoty hain or ye both bullish or bearish ho saktyn hain. Kiu kay es ma brick ka size same hota hai or es ma time ko consider ni kiya jata.
How to read the chart.
Various parameter ko renko chart ki identification kay laye use kiya jata hai. Es ma type or colour ki apni alag importance hai. Now ham renko chart kay types ko discuss karyn gy.
1. High / Low Renko Chart.
Es type kay renko chart ma har kisam ka price action consider kiya jata hai. Jis tarha name suggest karta hai ye chart pattern lowest or highest point par consist karta hai.
2. Open / Close Renko chart.
Es chart ma serf us us chart ko consider kiya jata hai jo open or closing point ko use karta hai. So ham keh saktyn hain kay es ma open or close range ko discuss kiya jata hai.
The colour of Renko chart.
Renko chart brick ko change in colour ko identify kiya jata hai. So hamy es sy ye bi pata chalta hai kay ham kesy es pattern sy trade kar saktyn hain. Brick kay colour tb change hota hai jb price ki direction change hona start ho jati hai. Agr pehle red brick ho or phr green brick ho to price 10 steps tak green brick sy move ni kar pati. Es laye price ko 10 step red brick sy move karna start ho jati hai.
What does renko chart type tell trader.
Serf vital trend par trade karny kay laye ye chart baki sb ko filter kar deta hai jo trader kay laye bhot benefit farham karta hai. Es waja sy market ka trend find karna bhot easy ho jata hai. But es ka down side ye hai kay trader some information ko lost kar bethtyn hain. Ye simple brick construction renko chart ki neshani hai.
Advantages of using renko chart.
Renkos time axis par base karta hai but time interval constant ni hai. Es ma ik month ki brick chahe hoti hai up move karny kay laye jb kay other brick kuch ganto ma form ho jati hai. Ye candlestick pattern sy different hoti hai kiu kay en ma candlestick har time interval ki alag alag hoti hain. Chart ki smoothness brick kay size par depend karti hai.