Question: Can beginners use the Renko chart?

Question: Can beginners use the Renko chart?

Answer

The Renko chart belongs to the exotic technical analysis tools, and without having an understanding of the theoretical aspects, this indicator will not give any information to the trader. The Renko chart is aimed at advanced users of trading terminals, and traders with a high level of ability to conduct technical analysis. For beginners, it is better to turn to simpler trading signals and wave analysis tools.