Chart types
Renko charts
Bricks of a fixed size that appear only when the price moves that far: time and small wiggles disappear.
La idea en pocas palabras
Renko (from the Japanese renga, brick) draws a new brick only when the price moves a full box beyond the last brick. A reversal needs two boxes. The result is a clean staircase of the trend.
Cómo se calcula
Here bricks are built from the closes of the timeframe on screen. Box size: automatic (the average true range of 14 candles, rounded) or your own value (⚙ next to the chart type).
New up brick when close ≥ top of the last brick + box
New down brick when close ≤ bottom of the last brick − box
(after an up brick, a down brick needs 2 boxes of fall)Cómo usarlo
- See trends and support/resistance without noise.
- Trend following: stay in while bricks keep the same colour.
Sacar conclusiones
- Several bricks can come from one candle; long sideways periods show no bricks at all.
- The time axis is uneven: bricks are not candles.
Ejemplo
EURUSD H1 with a 0.0010 box: a rise from 1.0800 to 1.0842 draws four green bricks; the price must fall to 1.0820 for the first red one.
Los precios de los ejemplos son ilustrativos.
Ten cuidado con
- Results depend strongly on the box size and the timeframe used as source.
- Indicators and alerts on Renko use the bricks, not the time candles.
Un poco de historia
Developed in Japan in the 19th century; brought to the West by Steve Nison in "Beyond Candlesticks" (1994).
Solo contenido educativo. Ningún indicador ni patrón predice el futuro, y nada de lo aquí expuesto es asesoramiento de inversión.