You can follow renko system's starting stages to Japan and they were first acquainted with the West by Steve Nison in his book "Past Candlesticks".
The substantial word renko is gotten from the Japanese word renga, which amasses squares. Renko plots take after kagi graphs and the three-line break diagrams next to that the renko outline is pulled over the extent of the basic model and have a fixed size.
Renko graphs are what's progressively like point and figure follows as each square is a relative size.
At this moment, as to make a contrary covering, the fixed square size of the Renko must be beated. This obviously bundles renko traces as a release pointer and in lopsided markets can impact diverse fake signs.