Renko Chart Comparative Analysis – An alternative to multiple time frame analysis

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Multiple time frame analysis is a commonly used technical analysis approach. The basic premise with multiple time frame analysis is to use of two or more different chart time frames to analyze a market. Typically, the longer time frame chart is used to ascertain the main/major trend, while a smaller time frame is used for timing the entry or exit based on the analysis.
When it comes to Renko charts however, the concept of multiple…

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