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- Categories : (11)
- Language : English
- Last Updated : Feb 17th, 2023
- Total Views : (10262)
- Publisher : Definedge
Renko charts have their origins in Japan where they were used during the 19th century. A Renko chart is categorised as noiseless because it eliminates insignificant price action. Also, the Renko chart is a one-dimensional chart because its plotting only takes price into account. Simplicity and objectivity are the major advantages of Renko charts. Renko is a complete charting system that is objective in nature and applicable on all types of financial instruments and over all time frames.
