MestreDoFOMO RENKO Tendency

🔍 **MasterOfFOMO RENKO Tendency — Advanced Technical Indicator for Trend Analysis**

This indicator was developed for traders who trade cryptocurrencies with a focus on charts from 1 hour to weekly. It combines several proven tools to generate a solid trend reading and possible entry and exit points.

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### ⚙️ **Technical Components**

1. **ATR-based Renko Simulator**
Uses ATR (Average True Range) to emulate Renko block movements, helping to smooth out market noise and identify changes in direction more clearly.

2. **Supertrend with dynamic support/resistance**
The Supertrend line follows the trend and also acts as a dynamic support and resistance line. It changes color between green (bullish) and red (bearish) and serves as a reference for signals.

3. **ADX (Average Directional Index)**
Measures the strength of the current trend. An ADX above 20 indicates a significant trend, either bullish or bearish.

4. **Custom MACD (21, 55, 13)**
Detects convergence/divergence of averages with adjustments made for a more stable reading on volatile assets. The histogram helps confirm momentum shifts.

5. **EMAs 20, 50 and 200**
Exponential moving averages help identify short, medium and long-term trends. - **EMA 20**: short trend (immediate momentum)
- **EMA 50**: intermediate trend (corrections and confirmations)
- **EMA 200**: dominant trend (macro structure)

6. **Visual Buy and Sell Signals**
The indicator marks possible entry points with rockets (🚀) and exit points with bombs (💣), based on candlestick crossovers with the Supertrend.

7. **Support and Resistance Ladder**
Visually represents trend transition levels, making it easier to identify reversal points.

8. **Dynamic Information Table**
Displays in the upper right corner the current values ​​of ADX, MACD histogram, Supertrend direction and Renko block direction.

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### ⚙️ **Customizable Settings**

- Renko block size (via ATR and multiplier)
- Supertrend parameters (ATR factor and period)
- MACD parameters
- ADX period

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### 🧠 **Why did we combine these tools?**

The union of EMAs, Supertrend, MACD and Renko aims to provide a holistic view:
- **EMAs** show the structural behavior of the market.
- **Renko** eliminates noise and highlights directions more clearly.
- **Supertrend** provides timing and acts as a visual and functional reference.
- **Custom MACD** helps detect momentum changes with fewer false signals.
- **ADX** reinforces the trend strength reading to avoid weak entries.

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### 📌 **Important**
This script is educational. It **does not promise profit** and should be used as a tool to support technical analysis. Risk management and correct interpretation are the user's responsibility.

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📈 We hope that MestreDoFOMO helps you with your technical reading and brings more confidence in your operations!

I created this indicator to help traders identify trends more clearly using a combination of Renko, Supertrend, ADX, MACD and moving averages. I personally use it in crypto. I hope it helps you too!