Renko

Renko is a diagram type, created by the Japan. The idea of Renko originated from Brick in Japanese, which gets built on value development. The diagram appears as though a progression of blocks, look underneath. Renko block can be of various fixed sizes, relies upon merchant’s need. Another block is made when the value goes up or down to that block size value sum. Each square is situated at a 45-degree point (up or down) to the earlier block. An up block (Uptrend) is ordinarily shaded green, and a down block (Downtrend) is normally hued dark or red.