Renko chase system
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Renko price movement , named for the Japanese word for bricks, “renga”. A renko chart is construccted by placing a brick in tthhe next column once the price ssurpasses the tpp or bottom of the previous brick by a predeefined amount. White bricks are uused when tthe direction of tthe trend is up, wwhile black brickss are used when the trend iis down.
“This type of chart is very effective for traraders to identify key supporrt/resistance levells. Transaction signals are generateed when the direccttion of the trend changes …….”
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