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In Technical Analysis

Renko Chart Patterns Made Easy

  • Intermediate
  • English
  • 87 Learners
  • Validity: 3 Years

Course Highlights

  • 4 Modules
  • 2+ hours of on-demand video
  • Self-Evaluation Tests
  • Certificate of Completion

Introduction

Renko Charts are regarded as the most profitable and distinctive charts as they are constructed by plotting price movements in fixed-size "bricks" or "boxes". They are based on price movements rather than time, which can make them more effective at identifying trends and patterns in the market.

In this course, learners will become more familiar with it and learn how to determine the brick size, identify patterns, and make profitable trades by using these patterns. It offers a unique perspective on price movements, enabling you to identify trends with clarity and precision. Below is the snapshot of the Renko Chart Patterns course: 

Section 1: Understanding Renko Charts

  • Learn the basics and various methods of constructing it, such as Absolute Brick Value and ATR Brick Value and Log Brick Value.
  • Get an in-depth understanding of Renko patterns, including One-back, Two-back, ZigZag, Bullish and Bearish Swing Breakouts.

Section 2: Interpreting Momentum Patterns

Analyze and interpret momentum patterns, including anchor brick and 123 pullback pattern.

Section 3: How to analyze Renko charts?

Understand the various analyzing tools, namely the principle of polarity, trendlines, retracement pullback zone and swing extension.

Section 4: Various Unique Renko Chart Indicators

Gain an in-depth understanding of various unique indicators including moving average, disparity, brick count, brick zone, anchor day, bull day and bear day.

To know more about the various topics in this course, check our outline section.

Kaushik Akiwatkar

About the Trainer

Kaushik Akiwatkar

1625 Learners 89 reviews

Kaushik Akiwatkar is a Derivative Trader and Investor. He has over 8 years of experience in trading and investing in the capital market. He has developed a unique way of identifying the trend of the Index and stocks using a noiseless chart - Renko. He has observed on many occasions how Renko charts can save you from a non-trending period and help you identify the perfect entry before the start of the trend.

He conducts workshops and boot camps based on his observations which are well-received by the participants.


Know More

What Will You Learn?

  • Understand the concept of Renko charts and learn how to interpret them.
  • Identify trend reversals and continuation signals with the help of patterns such as One-Back, Two-Back, ZigZag and Bullish and Bearish Swing Breakout Patterns.
  • Analyze and interpret several Renko chart patterns using tools such as the principle of polarity, trendlines, retracement pullback zone and swing extension.
  • Understand unique Renko indicators such as Moving Average, Disparity, Brick Count Indicator, Brick Zone, Anchor Day, and Bull day Bear day.

Topics Covered

  • Introduction to Renko Chart and How to Construct it
  • Various Renko Chart Patterns
  • Tools to Analyze Renko Charts 
  • Renko Chart Indicators

Intended Participants

  • It is appropriate for someone who understands the basic concepts of technical analysis and wants to trade chart patterns effectively.
  • Suitable for a noiseless trader who ignores time and focuses solely on price movement.
  • Best for retail traders, and financial service professionals, who are looking to trade using a price action approach.

Get Certified

Enhance your career prospects with a Elearnmarkets certification!

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Under this course, the participant will be required to appear for the online examination hosted on the website of Elearnmarkets.com. Please note that the participant will get the Certificate of Completion after successfully clearing the online examination.

 

Procedure:

  • The student has to appear for an examination hosted on the website itself under “Test section >> Certification Test”
  • Note: The certification test can be appeared by the candidate only once.
  • In case of any further assistance, drop in an email to support@elearnmarkets.com or call: 9051622255.

Other Details:

  • Duration: 40 minutes.
  • Pattern of questions: Multiple choice-based questions of 2 marks each.
  • Qualifying marks: 60%

Certificate of Completion:

After successful completion of the online examination, participants need to go to the "My Certificate" tab in Student Dashboard to download the certificate for the respective course.

Kaushik Akiwatkar

Instructed By

Kaushik Akiwatkar

999

*incl. of Taxes

Frequently Asked Questions

It is recommended that participants have a basic understanding of technical analysis and charting concepts. 

Renko Chart Patterns Made Easy is a self-paced recorded course. It consists of approximately 22 videos covering more than 2 hours of content. 

 

a. Login to www.elearnmarkets.com with your registered email id
b. Go to My Account and click on “My Courses”
c. Click on Renko Chart Patterns Made Easy

Write to us at support@elearnmarkets.com for any doubts or queries.

To post your queries in the discussion forum, follow the below-mentioned steps:

a. Go to the video in which you have doubts
b. Click on the comment icon
c. A dialog box will open. Type the topic in which you are having doubt and the specific doubt you are having.

Please reach Team Support at 9051622255. You can alternatively write to us at support@elearnmarkets.com

Yes, you should have a trading account. Furthermore, the mentor uses a few scanner-related websites, which users can subscribe to if they wish.

 

Renko is derived from the Japanese word “Renga”, or brick. It offers a unique perspective on price movements as it ignores time and considers only price.
Yes, Renko charts are profitable as they filter out minor price movements, allowing traders to focus on important trends.
Usually, the best time frame for Renko charts depends on your trading style, preferences, and the asset you're trading. And, larger box sizes will reduce the swings and noise but will be slower to show a reversal price
Yes, professional traders can use Renko charting.
Renko charts can be suitable for day trading due to their ability to filter out market noise and highlight trends.
Yes, the Renko chart pattern is a good strategy as it reduces market noise associated with smaller fluctuations. This can provide traders with a clearer picture of the underlying trend and potential support/resistance levels.

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