How to Trade Using Renko Charts 📈

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Renko charts. http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! We all know about candlesticks; well most of us do; if not checkout some of our past videos. We also know about bar charts and line charts but what about Renko charts? So how does Renko charting working - you put blocks; a green block when price exceeds the prior high by a set determined amount. How do we get a green block? How do we get a red block? If the price exceed the prior high by say, $5 (if the block size is $5) we then print on a green block.

Beginner's Guide to Renko Trading and Charts. But what's the point of Renko? The point is that you're trying to smooth out the trend - the idea being that when you're long you stay long as the blocks are being put in green... On the first red that's when you close out the long position and potentially go short.