Renko

Renko is another Japanese chart type, this time ditching candlesticks in favor of “bricks.”

Rather than using price and time intervals for each candlestick, each brick focuses on price movement only

Like Heiken Ashi candles, Renko is said to filter out intra-session noise and better and more clearly represent trend strength within price action.

Renko charts may appear very unusual at first glance. For example, the below image is the same as the charts above, only set to Renko instead of line, or candlestick charts.

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