Renko or Range bars: What is the difference between them?

What exactly is the difference between them?

Here you go stole this explanation from another thread...

"The range bar measures a set range of price movements and when that range is met the bar prints. A renko bar does the same except the range has to be all in one direction for the bar to print. So with a 10 tick renko bar the range has to be all up or all down for it to print

Ex: A 10 tick range bar could open at 100.00 and have 5 ticks up to 100.05 and 5 ticks down to 99.95 and the bar would print. A 10 tick renko bar would have to have 10 ticks up to 100.10 or 10 ticks down to 99.90 before it would print.

Got it? I hope so it exhausted me explaining it.

So the benefits to both are when price moves quickly the bars start printing. We need the bars to print in order for our indicators to, well, indicate. It may be a shock for some but all our indicators are lagging. Sorry. They need the price bars to move in order for them to do their "magic".

Hope this cleared the air for any that were equally unaware.

Heres the thread I stole it from...

http://www.forexfactory.com/showthre...70#post3942370 post 49...

Hope that helps...

that was one fast answer clive.