Renko Charts are non-time-based price charts that filter out market noise, helping forex traders identify clear trends, breakouts, and reversals. In this guide, we’ll explore how Renko Charts work, their advantages, and the best strategies to trade with them effectively.
Renko Charts are a unique charting method that focuses solely on price movement, filtering out minor fluctuations and market noise. Unlike traditional candlestick or bar charts, Renko Charts only print a new brick when price moves a specified amount, ignoring time intervals.
Each Renko brick represents a fixed price movement (e.g., 10 pips), making trends easier to spot.
Renko Charts help traders identify strong trends:
Renko Charts confirm breakouts with strong price moves:
Confirmation indicators: Volume increase, trendline break, moving average crossover.
Renko Charts highlight key support and resistance zones:
Combining Renko Charts with a moving average (e.g., 50 EMA) enhances accuracy:
✅ Pros:
❌ Cons:
Renko Charts are powerful trading tools that help forex traders filter out noise, confirm trends, and optimize trade execution. When combined with support & resistance levels, moving averages, or momentum indicators, Renko Charts enhance trade accuracy and risk management.
Join thousands of traders who trust VantoFX as their top trading provider. Experience the difference – trade with the best.
Don’t know which account will be best for you? Contact us.
VantoFX is a trading name of Vortex LLC, which is incorporated in St Vincent and the Grenadines, number 3433 LLC 2024 by the Registrar of Limited Liability Companies, and registered by the Financial Services Authority, and whose address is Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines.
The information on this site is not intended for residents of the United States or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
© 2025 Vortex LLC. All rights reserved.
Donovan Ness
Customer Care Agent
Donovan
Hello. If you have any questions, feel free to contact us.