Originally I have opened this topic for a Renko counter indicator (similarly used as B-clock indicator at ordinary timeframe), but if I had enough time, I want to show my renko system. If there are some demand I prepare a trading room for scalpers, and day traders, who want to get dig himself into the renko trading.
For beginners:
What is a Renko candle at all?
Let's look at the official history of Renko candles by Investopedia:
" A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, "renga". A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount."
Read more: http://www.investopedia.com/terms/r/...#ixzz1sa2feoAb
For beginners:
What is a Renko candle at all?
Let's look at the official history of Renko candles by Investopedia:
" A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, "renga". A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount."
Read more: http://www.investopedia.com/terms/r/...#ixzz1sa2feoAb
100 pips a day, keeps the doctor away 
