Renko chart

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A renko chart[1] (Japanese: 練行足, translit. renkōashi, also written 練り足 neriashi) is a type of financial chart of Japanese origin used in technical analysis that measures and plots price changes. A renko chart consists of bricks (煉瓦, renga), which proponents say more clearly show market trends and increase the signal-to-noise ratio compared to typical candlestick charts.[2]


References[edit]

  1. ^ Nison, Steve (1994-11-10). Beyond Candlesticks: New Japanese Charting Techniques Revealed. John Wiley & Sons. ISBN 9780471007203.
  2. ^ Renko Chart, Investopedia. Retrieved 23 April 2017.