Introduction of New tool !!!
Renko charts are a chart type that only measures price movement. The word Renko is derived from the Japanese word “renga” which means “bricks”. Not so coincidentally, Renko charts are constructed from a series of bricks whose creation is determined by fluctuations in price.
Renko charts are composed of bricks that are created at 45-degree angles to one another. Consecutive bricks do not occur beside each other.
Renko charts filter out noise and help traders to more clearly see the trend, since all movements that are smaller than the box size are filtered out.