Bibliography

— Aby, Carroll D. J. Point & Figure Charting: The Complete Guide. Grinville, SC: Traders Press Inc., 1996. — Bollinger, John. Bollinger on Bollinger Bands, New York, NY: McGraw-Hill, 2002.  — Bulkowski, Thomas N. Encyclopedia of Chart Patterns. New York, NY: John Wiley & Sos, Inc., 2000.  — Carney, Scott M. Harmonic Trading, Volume One: ... Read more

Swing Breakout Patterns

In the previous chapter we discussed how all the conventional chart patterns are workable and relevant on Renko charts as well. In this chapter, we will discuss patterns that are unique to Renko charts. The formation of bricks is a unique feature of Renko charts which no other chart category possesses. The different combinations of ... Read more

Multi-brick breakout patterns

Let us now consider multi-brick breakout patterns. We discussed double top and triple top resistance and double bottom and triple bottom support patterns in the earlier chapter. Multiple bricks at the same level represent an area or zone of either support or resistance. When the price breaks out from those important levels, it triggers a ... Read more

Indicators on Renko

There are numerous indicators that are plotted in bar and candlestick charts. All those indicators can equally be used on Renko charts. Technical indicators are calculated on raw price data. With Renko charts, the calculation is applied on Renko brick data and not on the OHLC data. Thus, while the formulae for calculating the indicators ... Read more

Extensions to 123 Pattern

We have discussed extensions from different swing breakout patterns. Let’s explore this concept further. Have a look at below chart. All price swing breakouts consist of three swings. Since there is a breakout in the third swing, Swing 1 and Swing 3 in above chart are impulsive in nature, while Swing 2 is corrective. Or, ... Read more

Volume on Renko

Volume It is possible to plot volume too on Renko charts. There will be one volume bar for each brick date even if there are multiple bricks for that day. A new volume bar is plotted for a new date when the Renko brick date is changed. Below is a Renko chart of Arvind shown ... Read more

Recently added/updated topics