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Renko Charts - Yahoo Ad ed. for iOS

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Renko Charts - Yahoo Ad ed. Analysis

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Renko Charts - Yahoo Ad Ed. is a productivity application designed for business professionals and traders. This iPhone app focuses on providing users with a clear visual representation of price movements through Renko charts, which filter out market noise and allow for better trend analysis. The app features customizable chart settings, enabling users to tailor the visual display to their preferences, making it easier to interpret market data effectively.

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In addition to its charting capabilities, Renko Charts - Yahoo Ad Ed. integrates with Yahoo Finance to provide real-time financial data, ensuring users have access to the latest market information. The app supports various financial instruments, including stocks and commodities, allowing for a versatile trading experience. Overall, this application serves as a valuable tool for those engaged in trading or financial analysis, offering essential features to enhance productivity and decision-making.

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Renko Charts - Yahoo Ad ed. 0/5
Icon of program: Renko Charts - Yahoo Ad e…

Renko Charts - Yahoo Ad ed. for iOS

Download now

Used Renko Charts - Yahoo Ad ed. for iOS?

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Full Specifications

GENERAL
Release
Latest update
Version
1.0.1
OPERATING SYSTEMS
Platform
iOS
Operating System
iOS 12.1.2
Additional Requirements
Compatible with iPod Touch (3rd generation or later, iPhone 3Gs, iPhone 4, iPad. iTunes account required.
POPULARITY
Total Downloads
20
Downloads Last Week
0
Report Software

Last Updated

Developer’s Description

By Igor Vlasov
The only Renko charting app on the store! It uses Yahoo Finance data feed as a source. So if a stock is listed in Yahoo Finance, you can quickly...
The only Renko charting app on the store! It uses Yahoo Finance data feed as a source. So if a stock is listed in Yahoo Finance, you can quickly and easily see its daily, weekly, or monthly Renko chart. 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. It's 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. It's 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 - that's 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.
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AI Assisted Content Disclosure

Content created and reviewed by Softonic with information obtained from Igor Vlasov, using AI.

CNET's editorial team was not involved in the creation of this content. Opinions, analysis and reviews were not provided by CNET.