Renko Charts
One example of a chart type that only uses trend-affecting moves is the Renko chart, named after the Japanese term "renga", meaning "brick". Renko charts isolate trends by taking price into account but ignoring time.
Overall, Renko charts provide an excellent way to isolate trends, but they are limited by the fact that they don't provide a way to determine trend strength other than simply looking at the trend length, which can be misleading. We'll take a look at how to determine trend strength later in the article.
Maybe the best thing to do is to take 100 years of data, and determine a % change of price that signals buy/short!
Here's an example with the S&P 500.
It might be cool to apply the renko chart to stocks too..
