App Profile: Renko Charts - FOREX ed.
Android / Games / Puzzles
Renko Charts - FOREX ed.
Installs:
Rating:
0.00
Total Reviews:
0
Top Countries:
US, RU, IT
< $5k
/mo
< 5k
/mo
Reviews: What People Think About Renko Charts - FOREX ed.
Easy-13
Rating: 1/5
It doesn't even move, and you can't hardly see the chart.
Mizzzlle
Rating: 2/5
Great layout, but there are so many options missing, like if I don’t want to choose or to organize in groups, I should be able to organize just pairs in any order I wish, not necessarily in alphabetical order, but to have that option as well. And when it comes to zooming in that’s perfect but it doesn’t zoom out far enough to see more blocks, and the blocks should be the same size, not differ in size as regular candles do. They should be the same size like other renko charts.
The one incident I had when I first open the app, it gave me the option to create pairs. After creating all my pairs, I see it had the option to group. So I’m thinking I could group the Pairs I have already chosen, but that was not the case. When I got into groups option, it did not allow me to get back to all the pairs I had chosen. So after creating groups I had to choose my pairs all over again. That was disappointing.
One last thing, there’s no way to identify the pairs you have chosen once the blocks are on the screen.
WaldiES2
Rating: 1/5
It does not work. does not display the charts. (IOS 6)
About Renko Charts - FOREX ed.
The only Renko charting app on the store! It uses private FOREX data feed as a source. The app allows you to check 85 most popular forex pairs Hourly, daily & 6 hours time frames are available.
Renko charts are price charts with rising and falling diagonal lines of boxes that are either filled or hollow. Renko charts are "time independent" charts that do not have constantly spaced time axes.
The word "Renko" comes from "Renga", the Japanese word for "brick". The filled and hollow squares that make up a Renko chart are often referred to as "bricks." Renko charts were popularized by Steve Nison in his book Beyond Candlesticks.
Renko charts have a pre-determined "Brick Size" that is used to determine when new bricks are added to the chart. 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. Hollow bricks are added if prices are rising. Black bricks are added if prices are falling. Only one type of brick can be added per time period. Bricks are always with their corners touching and no more than one brick may occupy each chart column.
It's important to note that prices may exceed the top (or bottom) of the current brick. Again, new bricks are only added when prices completely "fill" the brick. For example, for a 5-point chart, if prices rise from 98 to 102, the hollow brick that goes from 95 to 100 is added to the chart BUT the hollow brick that goes from 100 to 105 is NOT DRAWN. The Renko chart will give the impression that prices stopped at 100.
It's also important to remember that Renko charts may not change for several time periods. Prices have to rise or fall "significantly" in order for bricks to be added.
Green bricks are bullish, Red bricks are bearish - that's the simplest interpretation of Renko charts. Renko charts may be most useful in identifying trends and trend direction. Because they screen out moves that are less than the brick size, trends are much easier to spot and follow. In order to avoid whiplash periods, some people wait until 2 or 3 bricks appear in a new direction before taking a position.
In the app size of the brick is defined by close price percentage.
Renko charts are price charts with rising and falling diagonal lines of boxes that are either filled or hollow. Renko charts are "time independent" charts that do not have constantly spaced time axes.
The word "Renko" comes from "Renga", the Japanese word for "brick". The filled and hollow squares that make up a Renko chart are often referred to as "bricks." Renko charts were popularized by Steve Nison in his book Beyond Candlesticks.
Renko charts have a pre-determined "Brick Size" that is used to determine when new bricks are added to the chart. 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. Hollow bricks are added if prices are rising. Black bricks are added if prices are falling. Only one type of brick can be added per time period. Bricks are always with their corners touching and no more than one brick may occupy each chart column.
It's important to note that prices may exceed the top (or bottom) of the current brick. Again, new bricks are only added when prices completely "fill" the brick. For example, for a 5-point chart, if prices rise from 98 to 102, the hollow brick that goes from 95 to 100 is added to the chart BUT the hollow brick that goes from 100 to 105 is NOT DRAWN. The Renko chart will give the impression that prices stopped at 100.
It's also important to remember that Renko charts may not change for several time periods. Prices have to rise or fall "significantly" in order for bricks to be added.
Green bricks are bullish, Red bricks are bearish - that's the simplest interpretation of Renko charts. Renko charts may be most useful in identifying trends and trend direction. Because they screen out moves that are less than the brick size, trends are much easier to spot and follow. In order to avoid whiplash periods, some people wait until 2 or 3 bricks appear in a new direction before taking a position.
In the app size of the brick is defined by close price percentage.
File size: 4658176
Launched countries: USAUCACNFRDEGBITJPKRRUDZAOARATAZBBBYBEBMBRBGCLCOCRHRCZDKDOECEGSVFIGHGRGTHKHUINIDIEILKZKEKWLBLTLUMOMGMYMXNLNZNGNOOMPKPAPEPHPLPTQAROSASGSKSIZAESLKSECHTWTHTNTRUAAEUYUZVEVNBOKHEELVNIPYMZYEBHCYMT
Minimum OS version: 8.0
Release Date: 1346771432000
Published by IGOR VLASOV
Website url: https://igorvlassov.github.io
Publisher country: Russia
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