Forex eBook

Renko Ashi Trading System 2


Renko Ashi Trading System 2

Renko Ashi forex trading system is based on utilization of the Non Time-frame based analysis called the Renko Chart. In the Renko Chart time is not of concern or time is not what causes separation of one bar/candle to another, the emphasis is on the price and the movements in pips. Like a 10 pips renko chart will display candles that are 10pips big and what separates one candle from another is 10pips of movement. Hence using a renko chart the noise of time-frame based chart are removed and it shows you the chart based on the movement of the market in pips.

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