What brick size should I use?

Use ATR-based sizing for adaptive bricks. Otherwise, 10 pips for forex, or test what works for your instrument.

Key Takeaways

Difficulty:Intermediate

Reliability:High

Category:advanced

Timeframes:Any (time-independent)

Renko Charts

advanced📊 Any (time-independent)

Price chart type that filters noise by showing bricks only when price moves a set amount.

Formula

Code

New brick forms when price moves by brick size

Time is ignored - only price movement matters

Detailed Explanation

Renko charts remove time from the equation and only plot when price moves a predetermined amount.

Key Features:
- Time-independent
- Filters out noise
- Clear trend visualization
- Brick size determines sensitivity

Brick Size Selection:
- Fixed value
- ATR-based (adaptive)

Trading Setup Example

Entry, stop loss, and take profit levels.

📈 Buy Setup

📉 Sell Setup

Always wait for signal confirmation before entering a trade.

Where This Indicator Works Best

Trend context and market position.

📈 Bullish Context

📉 Bearish Context

Requires advanced market analysis.

Live Chart — Renko Charts

See Renko Charts in action on a live chart. Try changing the settings and timeframe.

Renko Charts is a manual drawing tool or chart type and cannot be auto-overlaid as a study.

Open Chart on TradingView

Charts powered by TradingViewGet TradingView Pro →

Parameters

Brick Size

Default: ATR

Size of each brick

📈 Bullish Signals

Green brick after series of red bricks

📉 Bearish Signals

Red brick after series of green bricks

Python Implementation

Renko chart plotting with mplfinance

Python

# Renko requires specialized charting

# Libraries like mplfinance support Renko

import mplfinance as mpf

# Plot Renko chart

mpf.plot(df, type='renko', renko_params=dict(brick_size='atr', atr_length=14))

TradingView Pine Script

Try on TradingView

JavaScript

// TradingView has built-in Renko chart type

// Select Renko from chart type menu

// Configure brick size in chart settings

📊 Use TradingView for Advanced Charting

Professional analysis tools with 100+ technical indicators

Get TradingView Pro

MT5 MQL5 Code

C++

// MT5 has built-in Renko charts in custom symbols

// Or use Renko indicator overlay

Python Libraries

mplfinance

Financial charting

pip install mplfinance

Common Mistakes

✗Using too small brick size (noise)

✗Not adjusting for volatility changes

Confirmation Signals

Volume

Traditional indicators

Multiple timeframes

Best For

Trend identificationNoise filteringSupport/resistance levels

💡 Pro Tips

•Filters out market noise
•Clear trend visualization
•Brick size should match volatility

Last updated: February 8, 2026

Educational Disclaimer

This content is for educational purposes only and does not constitute financial or investment advice. Trading involves significant risk and you may lose your capital. Always consult a licensed financial advisor before making investment decisions.

Learn More

Investopedia - Technical Indicators— Financial Education BabyPips - Technical Indicators— Trading School MetaTrader 5 Docs— Official Documentation

Frequently Asked Questions

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