Unlocking Investment Fundamentals
5 Chapters | Duration:6Renko, Heikin Ashi and Other Noiseless Charts
This module focuses on noiseless chart types, including Renko, Heikin-Ashi, and Point & Figure charts, which filter out market noise, helping traders focus on true trends, support/resistance, and effective entry/exit points.
Course Objectives
Understand market noise and its impact on trading.
Understand market noise and its impact on trading.
Explore the creation and benefits of Heikin-Ashi charts.
Understand the concept of Point & Figure charts.
Apply noiseless charts to identify trends and reversals.
- Chapter - 13 mins read
Understanding Noiseless Charts
Noise—even the word evokes discomfort. In the realm of stock trading, too much noise disrupts clarity, leading to confusion and potentially poor decisions. In market terms, noise refers to short-term volatility and minor fluctuations in price that can mask the true trend of a security.
- Chapter - 24 mins read
Understanding Renko Charts: A Brick-by-Brick View of the Market
Renko charts, introduced by the Japanese nearly two centuries ago, offer a visually simplified and price-focused way of analysing trends in stock markets. The word Renko comes from renga, which means “bricks” in Japanese, a perfect metaphor, as these charts resemble a series of bricks stacked in diagonal sequences.
- Chapter - 34 mins read
Point & Figure Charts: A Timeless Tool for Price Trend Analysis
Another vital member of the noiseless chart family is the Point & Figure (P&F) chart. Much like Renko charts, Point & Figure charts are unidimensional, focusing solely on price movement while completely eliminating the time factor.
- Chapter - 44 mins read
Heikin-Ashi Charts: A Smoother View of Market Trends
Heikin-Ashi, a Japanese term meaning "average bar," offers a unique approach to candlestick charting by smoothing out price fluctuations. Unlike traditional candlestick charts that capture volatility, Heikin-Ashi focuses on revealing true market trends by filtering out noise.
- Chapter - 55 mins read
Limitations of Technical Analysis: What Every Trader Must Know
By now, you likely have a foundational understanding of technical analysis. But let’s get one thing clear — mastering technical analysis is not a sprint; it's a marathon. It’s a vast subject that can take years to explore fully.