The Renko chart is a kind of course of action position made by the Japanese using respect types of progress while disregarding time and volume. Renko is taken from the Japanese word "Renga" which means squares which are consistently tended to in the way the diagram looks. There may be a couple of features in the framework type which are on a particularly basic level tantamount to a bit of the other blend diagram types like the Point and Figure and Heikin-Ashi, in any case, relentlessly imperative perception spots to different differentiation. One key capacity is the squares or boxes in Renko graphs are set at an edge either at the top or base of the past zone, at any rate in the Point and Figure follows the zones are plotted in reality close to the previous one.
Moreover, the key detachment between a Renko and the bar/fire plot is the appearance. While the bar or a fire can be of any size depending upon the worth improvement during a particular time length, the square size of the Renko charts is uniform, giving them a smoother look.