Renko Trading Spider system

[SperTo]

Unlike normal candle sticks charts that involve bank manipulation and crazy big candles with big wicks and unreliable or clear price movement, the renko chart offers a pure price based boxes that gives the trader the simplest and most true market movement, utilizing this feature allow traders to build very robust and reliable trading systems such the system i use, which allows me to take very simple 2 conditions based trading decision whil the renko chart gives me a built-in money management, in my strategy i hunt only 1 renko bar tp and my sl is one bar reverse, this allowes me to have a very nice high win rate to keep my trading mentality straight and get some nice profits.
In conclusion : give renko charts a try, it might just widen and improve your trading expirence.
NOTE : i attached a free renko charts generator.

 

[Zerologic]

The Renko chart is an offline chart, the change from one brick to the next is based on the setting value, for example, if the Renko chart is set to 20, then the brick will appear when the price movement has reached 20 pips. Renko charts are neater and eliminate price movement noise. However, this does not reflect real-time prices.