Bibliography
by PRASHANT SHAH -
— 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
by PRASHANT SHAH -
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
by PRASHANT SHAH -
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
Brick Reversal
by PRASHANT SHAH -
Having read thus far, you are now in a better position to trade even simple brick reversals. Brick reversals offer trades with affordable stops. With growing proficiency in reading a chart, you will be able to identify which brick reversals are to be traded. A major Renko pattern follow through, established trend on multiple time ... Read more
Bollinger Bands
by PRASHANT SHAH -
Bollinger Bands is a wonderful innovation by John Bollinger in the field of technical analysis. Bollinger bands are standard deviation bands calculated from a moving average. Since we can plot moving averages on Renko charts, it is also possible to plot Bollinger bands alongside. If we plot 20-brick average with two standard deviation Bollinger bands ... Read more
High-Low Renko Charts
by PRASHANT SHAH -
It must be obvious by now that Renko charts can be plotted with only one price. Charts plotted with closing prices will generate patterns based on the closing price of the chosen time interval. The high-low method of plotting considers either the high, or the low, price made during the day, as follows: If the ... Read more
