Does anyone use Renko charting, and would they be able to recommend a good resource for using this type of chart?
I understand that each block is worth a certain value, and that it takes a multiple of that value to reverse the color of the brick (much like changing from x's to o's in Point and Figure charting). What I would like to achieve is an understanding of the system, so that "I" can determine the value of the charting method, and whether "I" would like to implement it.
Thank you,
Lyfegrd
I understand that each block is worth a certain value, and that it takes a multiple of that value to reverse the color of the brick (much like changing from x's to o's in Point and Figure charting). What I would like to achieve is an understanding of the system, so that "I" can determine the value of the charting method, and whether "I" would like to implement it.
Thank you,
Lyfegrd
