<s>
A	O
Renko	B-Application
chart	I-Application
(	O
,	O
also	O
written	O
)	O
is	O
a	O
type	O
of	O
financial	O
chart	O
of	O
Japanese	O
origin	O
used	O
in	O
technical	O
analysis	O
that	O
measures	O
and	O
plots	O
price	O
changes	O
.	O
</s>
<s>
A	O
renko	B-Application
chart	I-Application
consists	O
of	O
,	O
which	O
proponents	O
say	O
more	O
clearly	O
show	O
market	O
trends	O
and	O
increase	O
the	O
signal-to-noise	O
ratio	O
compared	O
to	O
typical	O
candlestick	B-Application
charts	I-Application
.	O
</s>
<s>
Renko	O
charting	O
is	O
similar	O
to	O
point-and-figure	B-Application
in	O
that	O
time	O
does	O
n't	O
play	O
a	O
role	O
in	O
Renko	B-Application
charts	I-Application
.	O
</s>
<s>
Similarly	O
to	O
Kagi	B-Application
charts	I-Application
,	O
Renko	B-Application
charts	I-Application
help	O
chartists	O
to	O
cancel	O
out	O
the	O
noise	O
present	O
on	O
time-based	O
charts	O
,	O
focus	O
on	O
important	O
price	O
levels	O
,	O
detect	O
support	O
and	O
resistance	O
,	O
and	O
identify	O
market	O
trends	O
.	O
</s>
