What is Renko Charts & Minimize Whipsaw with it

First, let us quote an excerpt from the book Sentiment Indicators by Abe Cofnas. Renko charts are a tool that represents price movements by using bricks. Renko is the Japanese word for brick. If a price moves higher by a certain amount, a new brick is added. We can select the colour; it is usually … Continue reading “What is Renko Charts & Minimize Whipsaw with it”

How To Use Three Line Break Chart Strategy?

Line break charts OR price break charts are a special form of charts which reflects the sentiment better than a normal candlestick chart. A three-line break chart is a specific chart where a reversal box is formed only after the price breaks the high or low of the last 3 previous boxes. Three line break … Continue reading “How To Use Three Line Break Chart Strategy?”