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Visually simple: Renko charts on Stockcharts

Started by Rogerdodger , Apr 28 2008 10:55 AM

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8 replies to this topic

#1 Rogerdodger

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Posted 28 April 2008 - 10:55 AM

I like this "Renko" (Japanese for "stacked bricks"?)
"notice that the horizontal time axis isn't uniform"
sell red, buy white:
Look at what happens at volume spikes.
http://stockcharts.c...2377&r=4552.png

Edited by Rogerdodger, 28 April 2008 - 11:24 AM.

"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.

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#2 Rogerdodger

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Posted 28 April 2008 - 10:59 AM

KAGI AND RENKO CHARTS COME TO TOWN

StockCharts.com is pleased to announce that we have just added Kagi and Renko charting formats to our site. Go. Check em out.

Hmmm... Why are you still here? Oh, right. Not everyone knows what Kagi and Renko charts are. Well, lemme show you what a Kagi chart looks like first:
LINK:

We are still working on creating detailed ChartSchool articles for Kagi and Renko charts. Until those are done, you can refer to these great discussions on Investopedia.com - one for Kagi and one for Renko.

Edited by Rogerdodger, 28 April 2008 - 11:01 AM.

"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.

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#3 esther231

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Posted 28 April 2008 - 12:20 PM

Really nice. Thanks.

When I see an adult on a bicycle, I no longer despair for the future of the human race. ~H.G. Wells

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#4 vitaminm

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Posted 28 April 2008 - 02:49 PM

"sell red, buy white:" Do u sell at first red or second or third? Do u buy at first white or second or third? one may follow volume bar too.

vitaminm

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#5 Rogerdodger

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Posted 28 April 2008 - 08:54 PM

Do u sell at first red or second or third?
Do u buy at first white or second or third?

Buy at the bottom of the last red bar.

I've really not had time to study this but it looks like your buy might be above the top of the last red bar.

Edited by Rogerdodger, 28 April 2008 - 08:58 PM.

"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.

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#6 U.F.O.

U.F.O.

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Posted 28 April 2008 - 09:28 PM

Rog...here's a little $SPX Renko on MetaStock. I've been playing around with this charting method for 8 or 9 years and should pay more attention to it. The main benefit is in keeping you in the trade. Less whipsaws. (1 chart)

U.F.O.

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~Benjamin Franklin~

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#7 U.F.O.

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Posted 28 April 2008 - 09:33 PM

By the way. If we're gonna use Renko...we just had a positive breakout. (1 chart)

U.F.O.

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"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~

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#8 Rogerdodger

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Posted 28 April 2008 - 10:38 PM

By the way. If we're gonna use Renko...we just had a positive breakout.

And we are also at resistance.

It's kinda different. A bit like P&F.

I'm looking at the 1 minute Renko chart. :rolleyes:

"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.