Utility

Introduction to Real Time Renko

Real Time Renko is the very handy utility for your direct access of Renko Charting from your Meta Trader 4 platform. It is applicable to your Meta Trader 4 terminal with quick and easy setup. This Real Time Renko can be used by Renko charting experts as well as starters. The operating principle of Real Time Renko is quite opposite to our Smart Renko. Smart Renko is designed to help traders to combine their Renko Trading Strategy or the advantage of Renko charting with Standard Technical indicators. When the technical indicators are applied on the same chart with Smart Renko, the reading of technical indicators are intact and not changed. It is because the reading of the technical indicators are still calculated from normal candle stick price for the Smart Renko. However, when you apply the technical indicators to Real Time Renko, the reading will be calculated directly from Renko Brick price. So the reading from the technical indicators are no longer the same. Different traders will make the different choice between our Smart Renko and Real Time Renko tool. The important tips you should remember is that our Smart Renko and Real time Renko are the perfect tools for your pattern identification task. Especially, our fully automatic pattern detection solutions like Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Price Breakout Pattern Scanner can produce solid pattern detection ability when they are combined with our Real Time Renko or Smart Renko.