There is something different about Renko diagrams, specificly the Bricks, that even a few clients of Renko disregard to use and that is the ‘wicks’ on Renko blocks. I am going to utilize more delineations to clarify how incredible wicks are with Renko blocks.
Do you recollect how the blocks structure when you exchange with Renko diagrams? Each green block implies cost climbed 10 pips and each red block implies cost descended 10 pips. Wicks speak to a solid inversion of an endeavor to move a similar way as the past block. We should take a gander at the equivalent EURUSD pair and Renko outline we just looked at.The red bolt here is highlighting two red Renko bricks and its wicks.
A wick on a Renko diagram implies that value endeavored to move the other way of the Renko Brick however fizzled. The wick speaks to the length of the development of cost in the dismissal.
So on the off chance that you are going to attempt to exchange with Renko graphs, give close consideration to a Renko block with a wick, particularly if the Brick has changed shading from the earlier block.
Renko Scalper 