Question: What is a Renko chart?

Updated on December 11, 2023

Question: What is a Renko chart?

Answer

The Renko chart is an indicator for the technical analysis of the Forex market, available for installation in trading terminals like Metatrader version 4 and 5. The Renko chart modifies the wave designations of the linear indicators of the standard chart, breaking it into "bricks" showing changes in the trend of growth and fall in the value of the price segment of a financial instrument.

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Question: What is a Renko chart?

Answer

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