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A waterfall chart helps in understanding the cumulative effect of sequentially introduced positive or negative values. The waterfall chart is also known as a flying bricks chart or Mario chart due to the apparent suspension of columns (bricks) in mid-air. Normally used for understanding how an initial value is affected by a series of intermediate positive or negative values.
Not to be confused with the likely named Waterfall Plot.

Waterfall Chart

Renko charts are excellent in projecting support and resistance levels. Bricks are drawn equal in size for a known value.A brick is drawn in the direction of the prior move but only if prices move by a minimum amount.If prices change by a predetermined amount or more, a new brick is drawn.If prices change by less than a predetermined amount, the new price is ignored.

Renko chart

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