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HA-Renko Hybrid

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HA-Renko Hybrid – Ultra-Clean Trend Candles
A two-stage “noise shredder” that fuses Renko bricks with Heikin-Ashi smoothing to give you
crystal-clear, colour-coded price swings.
Perfect as a directional filter, a confidence gauge, or even a full stand-alone chart type.

What It Does
Builds Renko bricks (ATR-adaptive, fixed points, or % of price).

Applies Heikin-Ashi maths to the brick series or vice-versa (your choice).

Optional EMA ribbon on the synthetic candles for an extra layer of polish.

Plots hybrid candles directly on your price chart – green for up-trend, red for down-trend.

Emits alerts every time the hybrid flips color.

The result is a chart that ignores tiny back-and-forth ticks and averages out intra-brick wicks, leaving long uninterrupted color runs that highlight genuine trend shifts.

🔧 Inputs & Customization
Group Input Purpose
Renko Settings Renko Base Type – ATR / Traditional / Percentage
ATR Length & Multiplier
Traditional Box Size (points)
Percentage Box Size (%) Choose how the brick size is calculated.
Transformation Order Apply Heikin Ashi – After Renko / Before Renko Pick whether HA smooths the bricks or bricks are built from HA data.
Smoothing Extra Smoothing – None / EMA
Smoothing Length Add a fast EMA to the hybrid opens & closes.

Typical Use-Cases
Directional filter – Trade only long when bricks are green, short when red.

Entry / exit trigger – Enter on first green after a red run; exit on first opposite flip.

Pyramiding helper – Add positions on pull-backs while the hybrid color stays unchanged.

Psychology aid – Stay in trends longer by ignoring every micro-wiggle.

Best-Practice Tips
Tune brick size so a normal swing equals 6–10 bricks on your timeframe.

For scalping, keep Order = After Renko and Extra Smoothing = None for the snappiest flips.

For swing trading, try Before Renko + EMA(3-5) to focus on major legs.

Forward-test in a demo account; synthetic bricks can’t replicate live slippage.

⚠️ Disclaimer
This indicator is educational. It does not guarantee profits and should be used alongside solid risk management and personal judgement. Always back-test before deploying real capital.

Enjoy the clarity!
If you discover tweaks, optimizations, or killer workflows, drop a comment and let the community know.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.