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Renko charts are similar to Three Line Break charts except that in a Renko chart, a line (or brick as theyre called) is drawn in the direction of the prior move only if prices move by a minimum amount (i.e., the box size).The bricks are always equal in size.For example, in a 5-unit Renko chart, a 20-point rally is displayed as four, 5-unit tall Renko bricks.Since the Rénko chart is á trend following téchnique, there are timés when Renko chárts produce whipsáws, giving signals néar the end óf short-lived trénds.
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