Renkov1 indicator
Renkov1 indicator
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Renko Charts
Renko charts are price charts with rising and falling diagonal lines of boxes that are either filled or hollow. Renko charts are "time independent" charts that do not have constantly spaced time axes.
RENKO
Overview
The Renko charting method is thought to have acquired its name from "renga" which is the Japanese word for bricks.
Renko Chart
A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, "renga".
Renko
A kind of candlestick chart that does not take time into account for constructing the chart.
Representativeness
Behavioral finance. Judgment by stereotype.
Renko Chart
The Renko charting method probably got its name from "renga", which is the Japanese word for bricks.
Renko
The Renko charting method has acquired its name from "renga" which is the Japanese word for bricks. In Renko charts a line (or "brick") is drawn in the direction of the prior move only if prices move by a minimum amount (i.e., the box size).
Renko Charts
Day Bar Charts
A traditional chart window (line, bar, or candle) may contain multiple instruments and multiple technical indicators. Sophisticated analysis may be applied to selected instruments.
Renko Charts display a price movements if they are bigger than a fixed amount.
Three line break charts display new lines if the close of the period moves outside of the period of the previous block of trading. If not, then no lines are drawn.
The Renko charting method probably got its name from "renga", which is the Japanese word for bricks.
Kagi Charts, as well as Renko Charts and candlesticks, were invented in Japan and came to the USA to become popular due to Steve Nison. Kagi charts correspond a number of vertical lines tied to each other.
renko
kagi
three line break
At the end of the day, it is all the same data. The only choice you need to make is which style appeals to you more. Which type of chart do you think will you be more comfortable reading?
and the 'Renko Charting EA' has to be puted in the 'programe/experts folder.
The CLOSE ALL script will close all polsitions if the ok button will be hit.
It is a helpful tool when trading with many pairs simultaneously, TO CLOSE EVERY OPEN ...
Pivots: Auto_Pivot_mod.mq4
Renko indicators are currently being prepared. Can't guarantee the date. Point and figure I don't have, sorry.
trader ...
The most commonly used types of charts are line, bar, candlestick, point and figure, and renko. Each price style has different interpretations and uses and everyone has their favorites.
 See also: Chart, Trend, Indicator, Trading, Indicators
  
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