Renkotraders.com

Renko Basics

Learn how to use Renko charts the right way. Here you will find a collection of resources to help you understand the basics of Renko charts. By the end of this section, you would be able to read Renko charts by yourself and be ready to even understand price action from Renko charts. If you are new to Renko charting, this section is essential to understanding all the other concepts on this website. Therefore, spare some time to go through the Renko basics section in detail. You can leave comments if anything is confusing or if you need any clarifications.

What are Range bars and how is it different to Renko bars?

Posted by on September 18, 2016 | Read More

Range bars look a bit similar to Renko bars, but they are not the same. In this article, we take a look at what are range bars, how prices are plotted in a range bar and more importantly the distinctive features that sets apart range bars from Renko bars.

What are Renko bars?

Posted by on August 29, 2016 | Read More

What are Renko bars? How do they work and how are Renko bars different from other chart types. This article explains the very basics of Renko bars which is another chart type. Renko bars are unique to the more commonly used candlestick, line or bar chart type.

How do mean renko charts plot price

Posted by on May 31, 2016 | Read More

The mean renko chart looks and plots prices differently compared to the standard renko chart. Many traders are often confused on how the open/close on mean renko charts work. This article explains it all.

Renko Trade Assistant – MT4 Indicator

Posted by on February 29, 2016 | Read More

Renko trade assistant is a unique MT4 indicator which is used for Renko or Median Renko offline charts. Use this indicator to add to your Renko charts to quickly identify the key price reversal levels and also the Renko or Median Renko box size you are using

How to back test EA’s on Renko charts

Posted by on February 21, 2016 | Read More

Want to test out automated trading strategies on offline Renko charts? Read this step-by-step guide on how you can backtest trading strategies on Renko charts with 99% modeling quality.

Renko Expert Advisor for MT4

Posted by on July 3, 2015 | Read More

The Renko EA is an expert advisor and is in fact a better option (or can be used alongside) than the RenkoLiveChart_v3.0 indicator. This EA works the same way as the RenkoLiveChart indicator but comes with some additional features. More on this Renko indicator for MT4

RenkoLiveChart_v3.0 Indicator for MT4

Posted by on July 1, 2015 | Read More

The MT4 trading platform is undoubtedly one of the most popular trading platforms for the average retail trader. Despite the popularity and the many revisions to the MT4 trading platform, there has been little to no improvement when it comes to accommodating other chart types.

Difference between Median Renko and Regular Renko bars

Posted by on May 12, 2015 | Read More

Median Renko charts might come across as a fancy new addition or modification to the traditional renko charts. In this article, we explain the main differences between the Median Renko bar and the traditional renko bars and further explain if the Median Renko bars offer an additional edge to the trader.

Types of Renko Charts – Read Renko Charts more accurately

Posted by on September 12, 2014 | Read More

Renko charts, despite their simplicity can be disastrous if a trader does not have a proper understanding of how the Renko charts’ boxes are plotted. In the previous article, I mentioned how Renko charts can be configured based on the box size.

An Objective approach to trading with Renko Charts

Posted by on August 14, 2014 | Read More

A subjective approach to trade always carries the risk of misreading the charts or price action. Fortunately, renko charts offer an objective approach to trading and helps not just with forming a trade analysis or bias but also helps with trade management. This article explains more on this topic.