Renko Chart

Renko bricks are equal in size. A new brick prints only when price travels the brick size from the prior brick. Time can pass with no new brick. Reversal bricks often need two brick-sizes of movement, depending on the platform.

The brick size can be a fixed price, a percent, or a multiple of ATR. A larger brick filters more noise and lags more. Wicks are usually not drawn, so the path is the closes that crossed each threshold.

Equal rectangles stacked diagonally, not aligned to a clock. Empty stretches of the session simply do not appear.

A run of rising bricks is an upswing that kept making the brick size. A reversal brick down is the first sign the swing paused, not proof of a new trend.

A run of falling bricks is a downswing of the same logic. One up brick after a long decline is a pause until more up bricks follow.

Renko is used to see swings without every five-minute flicker. Entries are still executed on a time-based chart, because a brick can finish long after the price that created it.

Choosing a tiny brick so the chart looks like a normal candle chart, then wondering why it whipsaws. The brick size is the whole indicator.

Renko hides time and usually hides the high and low inside the brick. A violent wick that returns inside the brick size may never print.