Expert advice: P&F vs Renko to start the noiseless chart learning
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Hello Prashant,
I am totally new to the noiseless charting method. I am confused about selecting the best charting method between P&F and Renko to start the noiseless chart learning as a beginner. Can you please guide?
Thanks in Advance.
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As Prashan sir says never go to the debate of which is the best charting method...
It is a subjective thing...
Start with Renko chart eventually you will understand both of them. -
@Aanal-Shah
Both P&F and Renko are the same things-
- Renko is basically what would happen if P&F chart didn't have have horizontal but diagonal lines.
- P&F is basically what would happen if Renko chart didn't have diagonal but horizontal lines.
Real deal is understanding how this works. We are looking at price action at fixed percentages directly instead of looking at its evolution vis-a-vis time.
Either way you will still need to understand support/resistance, and a sound system to trade. And most importantly favorable conditions. In the current times, the bear market has destroyed many portfolios.
No chart works when the world is melting.
