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Renko and Stochastics Team up for Winning Forex Trades

From dailyfx.com

Renko reduces noise from violent price swing found in the Forex market Renko and Stochastics can help traders stay with the trend longer Buy and sell signals on Stochastics are easier to see on Renko charts This is the third in a series of articles discussing Forex Renko Bars. We have gone over how to install and use this often neglected charting system. For years, Renko charts have lingered in the shadows of its cousins, the line chart, bar chart, and Japanese Candlestick chart. Even esoteric Heiken Ashi charts are better known. But Renko is uniquely simplistic as it removes the dimension of time and volatility from ... (full story)

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