Appendix: Renko Chart Type

A type of line-based chart that uses blocks to show trends in data. Upward changes in data are represented by empty blocks, while downward changes are represented by solid blocks.

The chart is structured according to a formula, meaning trends only change direction when a specific reversal limit is reached. As a result, a different number of data points may appear in the chart than in the source data, and the chart does not strictly follow the passage of time.

The colour of the up-trending blocks can be defined using the Price Up Colour option.

Example of a Renko chart.

Number of Series 1
Y-Axis Values Per Data Point

1

Supports Markers Yes
Supports Strip Lines Yes
Incompatible With All other chart types