---
product_id: 186360220
title: "Profitable Trading with Renko Charts"
price: "C$3301"
currency: NIO
in_stock: true
reviews_count: 8
url: https://www.desertcart.ni/products/186360220-profitable-trading-with-renko-charts
store_origin: NI
region: Nicaragua
---

# Profitable Trading with Renko Charts

**Price:** C$3301
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- **What is this?** Profitable Trading with Renko Charts
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Profitable Trading with Renko Charts [Prashant Shah] on desertcart.com. *FREE* shipping on qualifying offers. Profitable Trading with Renko Charts

Review: Momentum Investing Made Simple - Investing made easy. It is so easy to read RENKO charts and act upon them. I never knew it could be so simple. RENKO charts filter out all the noise and let you focus ONLY on material price movements. After all, if something is immaterial why waste your time on it? This method lets you focus ONLY on what is significant, predict where it is going and ride the wave until it is done. It also has many points of advice to help you set up your own momentum investing program.
Review: Comprehensive Review of Renko Charts - Prashant Shah has written a comprehensive explanation of Renko chart which complements his recent book Trading the Market The Point and Figure Way, since both books concentrate on noiseless non-time dependent one-dimensional charts. This 324-page soft coverbook measuring 9“ long x7” wide is easy to read, as the font and charts are the right side. I see too many books with charts are crunched and impossible to decipher the axes or values. Theses charts here are one-quarter to one-half a page. All charts are from TradePoint Software by Definedge Solutions the firm founded by the author. Bold printing is used for emphasizing important points, but it is very selective which is to be commended. The book is divided into two parts. Part 1 is 232 pages and focuses on the technical analysis of Renko charts. About 54 pages are spent on reviewing reversals and pullbacks. Part 2 is 80 pages and covers trading with Renko charts including determining appropriate brick size and position sizing. Renko means “brick” in Japanese, therefore all the charts use brinks (rectangles) instead of candles or OHLC bars, or x’s and o’s as is the case with point & figure charts. These bricks tend to eliminate insignificant price action. Renko charts smooth out the trend which makes for fewer trading decisions and fewer technical indicator signals. One unique feature of Renko charts is that the price will always be bullish or bearish until it changes direction. For example, a $15 stock rising in price by $2 in $0.10 increments (example of a selected brick size) without a drop of $0.10 will have 20 consecutive bullish bricks, or vice versa. So overall the chart looks smoother than other chart types. There are many charts to clarify the use of various Renko patterns, brick values and indicator formations. Renko charts use only one price to build the bricks. If each brick is $1 then price must move at least $1 before a new brick is added to the downside or upside. Any price moves less than a $1 are not plotted. Interestingly, the bricks are placed on the chart in a diagonal, rather than on top of one another. One other option is to use a combination of high and low price to be the brick size instead of just the close. These two charts are similar to look at, but with a small difference. Short-term traders will find the highl-low brick more suitable for same-day trading since they can make decisions quicker in real-time and not wait for a closing price brick. Moreover, these bricks are more frequent on a chart than the close bricks giving more information. Shah lays out the rules for determining brick size in a clear and concise manner. One popular brick size is the ATR—14 day which considers the price volatility. Shah spends 16-pages reviewing technical indicators on Renko charts with their unique characteristics. Moving averages, support and resistance, trend lines, relative strength index (RSI), MACD, and Bollinger Bands are reviewed with chart examples. He recommends a 40-brick ema as it gives more insight if there is a significant move. Additionally, he suggests that 20- 40 ema plots with a crossover signal is a viable trend change indication, especially with higher brick values. Moreover, he discusses a few unique Renko indicators such as Brick Count Indicator, Brick Zone, Breath Zone Extreme and Sector Group Breadth and Divergence. These are all explained with chart examples. Shah highly recommends using a trading journal and a trading plan with clear rules to record the details of each trade so that patterns are captured, and future trading mistakes can be tracked and eliminated with specific rules. Shah recommends using a logarithmic scale instead of arithmetic to gain a true perspective on the price move. At the end of the book, the author includes two real-life stories of two traders who handle their trading two different ways with two different outcomes. Those stories will likely resonate with many readers. In summary, Shah provides a thorough non-complicated, but clearly written look at a chart form that is not very commonly used in the U.S compared with candlestick and OHLC bar charts. Perhaps readers of this book will decide to add this unique and interesting charting type to their trading repertoire and enjoy the benefits.

## Technical Specifications

| Specification | Value |
|---------------|-------|
| Best Sellers Rank | #2,106,630 in Books ( See Top 100 in Books ) #7,689 in Economics (Books) |
| Customer Reviews | 4.4 4.4 out of 5 stars (227) |
| Dimensions  | 7.87 x 1.97 x 9.84 inches |
| ISBN-10  | 9386268272 |
| ISBN-13  | 978-9386268273 |
| Item Weight  | 6.7 ounces |
| Language  | English |
| Print length  | 324 pages |
| Publication date  | July 1, 2019 |
| Publisher  | Orient Paperbacks |

## Images

![Profitable Trading with Renko Charts - Image 1](https://m.media-amazon.com/images/I/612+7Is8HNL.jpg)

## Customer Reviews

### ⭐⭐⭐⭐⭐ Momentum Investing Made Simple
*by N***E on November 28, 2025*

Investing made easy. It is so easy to read RENKO charts and act upon them. I never knew it could be so simple. RENKO charts filter out all the noise and let you focus ONLY on material price movements. After all, if something is immaterial why waste your time on it? This method lets you focus ONLY on what is significant, predict where it is going and ride the wave until it is done. It also has many points of advice to help you set up your own momentum investing program.

### ⭐⭐⭐⭐⭐ Comprehensive Review of Renko Charts
*by L***N on July 21, 2019*

Prashant Shah has written a comprehensive explanation of Renko chart which complements his recent book Trading the Market The Point and Figure Way, since both books concentrate on noiseless non-time dependent one-dimensional charts. This 324-page soft coverbook measuring 9“ long x7” wide is easy to read, as the font and charts are the right side. I see too many books with charts are crunched and impossible to decipher the axes or values. Theses charts here are one-quarter to one-half a page. All charts are from TradePoint Software by Definedge Solutions the firm founded by the author. Bold printing is used for emphasizing important points, but it is very selective which is to be commended. The book is divided into two parts. Part 1 is 232 pages and focuses on the technical analysis of Renko charts. About 54 pages are spent on reviewing reversals and pullbacks. Part 2 is 80 pages and covers trading with Renko charts including determining appropriate brick size and position sizing. Renko means “brick” in Japanese, therefore all the charts use brinks (rectangles) instead of candles or OHLC bars, or x’s and o’s as is the case with point & figure charts. These bricks tend to eliminate insignificant price action. Renko charts smooth out the trend which makes for fewer trading decisions and fewer technical indicator signals. One unique feature of Renko charts is that the price will always be bullish or bearish until it changes direction. For example, a $15 stock rising in price by $2 in $0.10 increments (example of a selected brick size) without a drop of $0.10 will have 20 consecutive bullish bricks, or vice versa. So overall the chart looks smoother than other chart types. There are many charts to clarify the use of various Renko patterns, brick values and indicator formations. Renko charts use only one price to build the bricks. If each brick is $1 then price must move at least $1 before a new brick is added to the downside or upside. Any price moves less than a $1 are not plotted. Interestingly, the bricks are placed on the chart in a diagonal, rather than on top of one another. One other option is to use a combination of high and low price to be the brick size instead of just the close. These two charts are similar to look at, but with a small difference. Short-term traders will find the highl-low brick more suitable for same-day trading since they can make decisions quicker in real-time and not wait for a closing price brick. Moreover, these bricks are more frequent on a chart than the close bricks giving more information. Shah lays out the rules for determining brick size in a clear and concise manner. One popular brick size is the ATR—14 day which considers the price volatility. Shah spends 16-pages reviewing technical indicators on Renko charts with their unique characteristics. Moving averages, support and resistance, trend lines, relative strength index (RSI), MACD, and Bollinger Bands are reviewed with chart examples. He recommends a 40-brick ema as it gives more insight if there is a significant move. Additionally, he suggests that 20- 40 ema plots with a crossover signal is a viable trend change indication, especially with higher brick values. Moreover, he discusses a few unique Renko indicators such as Brick Count Indicator, Brick Zone, Breath Zone Extreme and Sector Group Breadth and Divergence. These are all explained with chart examples. Shah highly recommends using a trading journal and a trading plan with clear rules to record the details of each trade so that patterns are captured, and future trading mistakes can be tracked and eliminated with specific rules. Shah recommends using a logarithmic scale instead of arithmetic to gain a true perspective on the price move. At the end of the book, the author includes two real-life stories of two traders who handle their trading two different ways with two different outcomes. Those stories will likely resonate with many readers. In summary, Shah provides a thorough non-complicated, but clearly written look at a chart form that is not very commonly used in the U.S compared with candlestick and OHLC bar charts. Perhaps readers of this book will decide to add this unique and interesting charting type to their trading repertoire and enjoy the benefits.

### ⭐⭐ Mundane, long-winded explanation of Renko Bars with author's useless applications
*by S***H on August 8, 2022*

This book appears promisingly professional with accompanying charts in color and a text seemingly written by a careful scholar. Upon more careful perusal, the best that can be said is it offers a clear but mundane explanation of Renko charts that could as well be obtained free using online sources. The author claims as a sort of selling point to have his own novel metrics and applications, but it turns out these are inadequately explained. Also, readers who attempt to implement whatever they feel they've extrapolated from this book are going to find that the charts are extremely difficult to utilize in real-time because Renko bars often fill impractically fast, a problem the author fails to sufficiently address although the absence of time is clearly hailed by the author as a key advantage of the charting methodology. There are certain authors of trading/technical analysis books who seem professional and explain just enough to give the reader the false impression they're receiving an invaluable skill, but not enough to provide provable insights that yield genuine profits in real-time. This author has perfected that technique.

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*Store origin: NI*
*Last updated: 2026-03-07*