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Renko Charts - FOREX ed. at Mac App Store analyse

IGOR VLASOV

Business Finance

8,176 ratings · Power index: 248

Free Mac App Store Follow Website

Version 1.2.0

Size 4.44 Mb

Updated 2 years ago

Released 04 Sep 2012

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Description

The only Renko charting app on the store! It uses private FOREX data feed as a source. The app allows you to check 85 most popular forex pairs Hourly, daily & 6 hours time frames are available. Renko charts are price charts with rising and falling diagonal lines of boxes that are either filled or hollow. Renko charts are "time independent" charts that do not have constantly spaced time axes. The word "Renko" comes from "Renga", the Japanese word for "brick". The filled and hollow squares that make up a Renko chart are often referred to as "bricks." Renko charts were popularized by Steve Nison in his book Beyond Candlesticks. Renko charts have a pre-determined "Brick Size" that is used to determine when new bricks are added to the chart. If prices move more than the Brick Size above the top (or below the bottom) of the last brick on the chart, a new brick is added in the next chart column. Hollow bricks are added if prices are rising. Black bricks are added if prices are falling. Only one type of brick can be added per time period. Bricks are always with their corners touching and no more than one brick may occupy each chart column. Its important to note that prices may exceed the top (or bottom) of the current brick. Again, new bricks are only added when prices completely "fill" the brick. For example, for a 5-point chart, if prices rise from 98 to 102, the hollow brick that goes from 95 to 100 is added to the chart BUT the hollow brick that goes from 100 to 105 is NOT DRAWN. The Renko chart will give the impression that prices stopped at 100. Its also important to remember that Renko charts may not change for several time periods. Prices have to rise or fall "significantly" in order for bricks to be added. Green bricks are bullish, Red bricks are bearish - thats the simplest interpretation of Renko charts. Renko charts may be most useful in identifying trends and trend direction. Because they screen out moves that are less than the brick size, trends are much easier to spot and follow. In order to avoid whiplash periods, some people wait until 2 or 3 bricks appear in a new direction before taking a position. In the app size of the brick is defined by close price percentage.

Estimates

Monthly Downloads > 5.46k

Est. Revenue ~ $2.23k

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Search Keywords 1

#	Term	Country	Place	Priority
1	forex technical analysis		#17

Competitors

#	App	Common keywords
1	Forex Technical Analysis	1
2	MetaTrader 5	1
3	Forex technical analysis today	1
4	Learn Technical Analysis	1
5	Stock trading with Technical Analysis	1
6	Technician – Real-Time Stock and Forex Charts for Technical Analysis and Trading	1
7	ThinkTrader	1
8	Mobile Forex	1
9	ChebyshevTrendPro - FOREX ed.	1
10	Forex Indicator & Forex Trading Signals	1
11	PFOREX Assist Forex signals	1
12	Easy Trend Meter	1
13	Easy RSI	1
14	Candlestick Charting	1
15	MarketScreener	1
16	iTrading	1
17	Chebyshev Trend Lite	1
18	Day Trading (intraday) Course	1
19	Easy STO	1

Availability

Devices

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Pricing by country

Country	Price
Canada	0.99 CAD
China	8 CNY
France	0.99 EUR
Germany	0.99 EUR
Italy	0.99 EUR
Netherlands	0.99 EUR
Portugal	0.99 EUR
Spain	0.99 EUR
Poland	1.09 EUR
UK	0.99 GBP
India	99 INR
Japan	100 JPY
Korea, Republic Of	1100 KRW
Poland	4.99 PLN
Russia	99 RUB
Turkey	29.99 TRY
USA	0.99 USD
Korea, Republic Of	1.09 USD
Ukraine	0.99 USD