This is a trend-following technique that ignores time and focuses solely on price movements. It helps traders stay in a trend until a significant reversal—defined by breaking the highs or lows of the previous three lines—occurs. 3. Renko and Kagi Charts
"The Japanese Chart of Charts" is a comprehensive guide to candlestick charting, covering the basics of this unique approach to technical analysis. The book is divided into several sections, each focusing on a specific aspect of candlestick charting: The Japanese Chart Of Charts By Seiki Shimizu Pdf
The book explores these legendary methods, which are built around five "three-based" patterns: Three Mountains (Triple Tops), Three Rivers (Triple Bottoms), Three Gaps, Three Parallel Lines, and Three Methods (rest periods). This is a trend-following technique that ignores time