Renko charts

Financial markets comes with a lot of research and clarity in everything. Candle stick chart mostly used chart type by traders, Renko charts also has gained importance by traders. It comes from a japanese word RENGA meaning brick which helps to filter out noise by focusing on prices and not time.

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Every Renko candle or brick is created only when price moves a predefined amount set by the trader according to his strategy. Thus making renko charts focusing only on trends and not on short term noise.

🧠 Why Traders Prefer Renko Charts

Cleaner Trend Visualization: With less market noise, trends are more visually obvious.

Avoids time and small fluctuations which helps reduce overtrading.
Always use them with moving average and support/resistance strategy.

📊 How Renko Candles Work

Let’s say you set a brick size of ₹20. A new green Renko candle is plotted only when price rises ₹20 above the previous brick. A red candle is formed only after a ₹20 drop.
i.e Time is not at all important, only price is what renko chart tracks.

🛠️ Tools & Platforms That Support Renko

You can use Renko charts on popular trading platforms such as:

TradingView (highly customizable)

MetaTrader 4/5 with plugins

Zerodha Kite, Upstox Pro, and others with Renko support

📌 Popular Renko Strategies

Renko + Moving Average Crossover:
Combines Renko clarity with trend momentum.

Renko Breakout Strategy:
Wait for a brick to break a support/resistance zone before entering.

Renko MACD Filter:
Apply MACD on Renko candles to confirm trend strength and avoid false entries.

💡 Pro Tips for Using Renko Candles Effectively

Adjust brick size based on asset volatility.
E.g., ₹10–20 for Nifty, ₹0.50–1 for penny stocks.

Always backtest Renko strategies on historical data.

Combine with RSI or MACD for extra confirmation.

📚 Learn More with Our Stock Market Courses

Our Stock Market Classes in Dehradun cover everything from candlestick basics to advanced charting techniques—including Renko, Heikin Ashi, and Volume Profile.

📍 Join the Best Stock Market Course in Dehradun and start trading like a pro.

📢 Final Thoughts

Renko candles offer a powerful edge for traders looking to focus on trends without the noise. Whether you’re day trading or swing trading, adding Renko charts to your strategy toolbox can lead to better decision-making and more confident trades.

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