How to Use Renko Chart That Save Your Money in 3 Days

How to Use Renko Chart MT4

Renko is market charts with bullish and bearish diagonal hollow boxes or filled boxes. Renko is made by plotting a box in the next path after the market price surpasses the high or low of the last box.

You can download Renko chart MT4 with this link download Renko chart MT4,

In this moment I am going to share renko tips about how to improve your renko chart MT4 strategy. Renko chart MT4 can assists forex trader to identify the whipsaw in market fluctuation. If you use renko chart you can easily determine entry or exit trading level. Combining renko chart MT4 with moving average can improve accuracy of your trading. You can use moving average to define the current trend in market. Check at the following renko image.

In the renko example above you can see combined indicators between renko chart MT4 and moving average. A simple trading strategy can be made with these technical indicators. If the moving average crosses above renko chart and renko chart MT4 colored with red then you can looking for sell trading position the change direction until the moving average cross back again the renko chart. And when the moving average crosses below renko chart and renko chart MT4 colored with blue then you can looking for buy trading position the change direction until the moving average cross back again the renko chart MT4.

Download other Renko
- Renko v1 mq4