Support Board
Date/Time: Sat, 03 May 2025 03:48:54 +0000
Post From: 3 line break.
[2013-06-04 15:20:56] |
M5amhan - Posts: 468 |
Invented in Japan, Three Line Break charts ignore time and only change when prices move a certain amount. In this regard, these charts are quite similar to Point & Figure charts. Three Line Break charts show a series of vertical white and black lines. White lines represent rising prices, while black lines portray falling prices. Prices continue in the same direction until a reversal is warranted. A reversal occurs when the closing price exceeds the high or low of the prior two lines.
this is why the renko chart will look more like a 5 tick range, but it is not always 5 tick ranges |