I read about Renko what I could find in google. If prices move more than the Brick Size above the top (or below the bottom) of the last brick on the chart, a new brick is added in the next chart column.
Lets say my box size is 5 pips and I have 3 green bricks.
I understand that new brick will pop up if price makes 5 pip more move up right?
What I don't understand is the turnaround. New brick should pop up at red line and move up or down but bricks only touch with corners. Why so? Could someone explain please?Ignored
Here is a scanned example from the book.