Renko charts are similar to Three Line Break charts except that in a Renko chart, a line ( or brick as theyre called ) is drawn in the direction of the prior move only if prices move by a minimum amount ( i.e., the box size ).The bricks are always equal in size.For example, in a 5-unit Renko chart, a 20-point rally is displayed as four, 5- unit tall Renko bricks.Renko charts were first brought to the United States by Steven Nison when he published his book, Beyond Candlesticks.
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