profits. Renko Chart Forex Strategies, installation on MT4 Renko Chart 1# Mister Nimes Strategy 2# Renko with mbfx bands 3# Goldflight's Renko strategy 4# Kumo with Renko Chart 5# Renko with Keltner Channel ATR 6# Renko Trend with Slope 7# 123 Strategy with Renko Chart 8#. Close Only, high/Low Prices, when using High/Low prices, it's important to note that the rules for drawing Renko charts favor hollow bricks. The white brick, the black brick, tHE white brick.
In addition, you can specify whether closing prices or high/low prices are used. To construct a renko chart, you place a brick to not a defined price. Important Note: The Default for the "Pts" method is currently 14 which is too large for most stocks. There are two types of bricks used in the renko chart. It clearly indicates support and resistance and can be used to confirm trends.