Access our real time Renko charts. Please wait for the chart to load completely (a few seconds or minutes, depending on your Internet connection). You can conduct your own technical analysis and even take a snapshot of your chart on the fly. Works best with Firefox, Chrome or Safari browsers. Please note that you will not be able to customize (including changing the brick size) as the free renko charts below are for reference purposes only.
The Renko chart below is based on a 14-period ATR based on the daily time frame as the base chart. Click here to learn more about base chart and how it influences the Renko boxes. You can change to any instrument of your choice and the Renko chart is activated based on the 14-period ATR value of the instrument.
*Note: Please note that Renko charting service is available only for Daily and higher time frames. To get intraday Renko charts, you will need to sign up for a Pro Subscription at Tradingview.com. More details on pricing can be found here. If you are serious about trading with Renko charts, then a Pro subscription at Tradingview.com is well worth the money. The benefits of the Renko charts include:
Renko charts are price based charts which are independent of time. Renko charts originated in Japan and the name comes from the Japanese word, Renga meaning Brick. Renko charts are distinct because of the ‘bricks’ or blocks that are used to represent price. The most accurate Renko charts are based on tick data, but due to limitations, most Renko charts are based off M1 time frame. You can of course use your own custom time frame as the base charts. Read more about base charts and how they are used in Renko charts here.
You can apply Renko charting to just about any market under the sun. Of course, it goes without saying that the markets need to be liquid enough for you to trade. Renko charts are commonly applied to stocks, forex, futures and ETF’s. You can even apply Renko charting analysis to the bond markets as well, if you please. For example this article shows you how to trade futures using Renko charts.
No. There are no limitations because Renko charts after all are based on price. Price is the basic and most important variable in any indicator and it doesn’t change whether you are trading with Renko charts or with any other custom chart type. You can take a look at the trading strategies using Renko charts here to get started. There is a good collection of some commonly used technical indicators. You can also trade renko charts based on price action techniques.
You can start off by reading the basics of Renko charting here. The collection of articles there, summarize everything you should know about Renko charts. The next place after that is to take a look at the trading strategies and pick a trading strategy of your choice and start practicing.