Renko Charts free download - forex trading strategies - expert for MetaTrader 4

Main Idea:

Like their Japanese cousins (Kagi and Three Line Break), Renko charts filter the noise by focusing exclusively on minimum price changes.
Renko bricks aren't added unless price changes by a certain amount. As with Point & Figure charts, it's effortless to identify essential highs and lows, and determine key support and opposition levels. Armed with this specific information, chartists can recognize uptrends with higher highs and greater lows or downtrends with reduced lows and lower highs. As along with charting techniques, chartists should use other technical analysis tools to verify or refute their findings on Renko charts.