Renko Chart(redirected from Renko Charts)
In technical analysis, a chart that does not account for volume or time. That is, a renko chart is a series of small bricks, each representing a change in price. When a price goes above or below a previous price, a new brick is added to the chart. A white brick represents an increase in price while a black brick represents a decline. A renko chart is useful because it can help technical analysts find support and resistance levels accurately.