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As far as I can tell, the only difference between a Renko and a P&F chart is
that a P&F chart stacks price blocks on top of each other, whereas a Renko
chart puts a new price block on the next "time frame" (x-axis). I guess
this makes it easier to see the trend on a Renko chart.
Whenever I need to know something about a TA indicator I usually go to
http://www.equis.com/Education/TAAZ/?page=6 which is a glossary of all the
common indicators.
-- Wyatt
-----Original Message-----
From: John McClung [mailto:durango@xxxxxxxxxx]
Sent: Saturday, November 29, 2003 1:21 PM
To: omega-list@xxxxxxxxxx
Subject: Are Renko charts the same thing as Point and Figure charts?
Are Renko charts the same thing as Point and Figure charts?
if not, does anyone know how they are different?
John
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