A renkoashi trader use renko chart consists of bricks ( renga), which proponents say more clearly show market trends and increase the signal-to-noise ratio compared to typical candlestick charts.
This technique is use with Ichimoku Kinko Hyo technical analysis to improve the accuracy of forecast price moves.
The renko chart and Ichimoku Kinko Hyo technical analysis will lead you become a swing trader, perhaps to become a Master renkoashi trader you need tools that provide a clearer picture of the potential price action.
The New York Times was first published in 1851. From nearly the beginning of its existence, the Times brimmed with data like stock prices, weather statistics, and sports scores. But for the first century of publication, the use of charts to display that data was rare.
Before charts they were using mathematics basically formula!
This formula was give it to me 18 years ago and now I using it with trading view platform.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.