Renko Chart

In This Topic

Renko charts display series of white and black boxes (bricks) to illustrate general price movement and trend reversals. A Renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount. White bricks are used when the direction of the trend is up, black bricks are used when the trend is down. All bricks are equal in size. This type of chart helps traders to identify key support/resistance levels.

Settings

Sub Type - the following table summarizes the different subtypes of the range chart:

Subtype	X Dimension Type	Z Dimension Type	Data Requirements	Description
Series	Categorical	Categorical	Value	X Values are automatically generated by the control.
XY Scatter	Price	Categorical	Value X

Up Fill Style - controls the fill style of the bricks that show an up trend.

Up Stroke Style - controls the stroke style of the bricks that show an up trend.

Down Fill Style - controls the fill style of the bricks that show a down trend.

Down Stroke - controls the stroke style of the bricks that show a down trend.

Automatic Data Labels Positioning

The automatic positioning of data labels is the data point center.

Automatic Legend Mode

The automatic legend mode in all subtypes evaluates to series (e.g. the series is displayed in the legend).