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Hi guys
Is anyone can suggest an education for RENKO chat technical analysis and price action.
I am familiar with Minute and Tick charts price action... i need to learn Renkos.
Thank you in advance i will be grateful !!
Can you help answer these questions from other members on NexusFi?
Not much to learn really it's similar to range bars but more simple the problem is it don't take volatility into account it's worth less to me but it's a way to curve fit technical analysis and (indicators) so u can lose more money (my opinion)
Lots of journals using the uni renko good luck
When a new bar is created- price moved up or down by the predetermined value- that's all there is to it. Save yourself a bunch of time and money and forget they exist- the charts look pretty but trading is not that simple as volatility is always changing.
There is nothing special about renko bars. They are just a different way to visualize things. Some people find them helpful, some people don't. Nothing magical about them, so there's nothing to "learn" really. A price bar or a candle or a line can't make you a profitable trader on it's own.
