Renko Charting
….as dusted off and brought to our attention by sir Eagle is very appealing in it’s simplicity. The patterns are formed by chosen price blocks only. (a cousin of point and figure).
I’ve tweeked this trying to capture major changes in trend possibly caused by major events: financial collapse, QE, no QE, washer trying to drink himself to death….
Now that is one heck of a renko chart…very interesting…
excellent chart, washer rinser repeater…