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Date/Time: Tue, 24 May 2022 05:54:00 +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