captainquenta

HL2 - 22 EMA Cross for Renko

EURUSD
This is a simple strategy to use for those who like Renko bars. I ONLY use it on Renko.

Basic idea is that when the Renko bar closes above or below the 22 EMA , you go long or short.

However, some of the frustrations I've had with any strategy shared in Tradingview is so few folks put in the ability to set a stop or a profit target or the ability to set a specific time to trade. I have added those to this strategy. (And I for the life of me can not remember where I got the code for the the time, I need to find you!).

Special note: If you have never used the Renko bars in Tradingview, make sure you click the Format option next to whatever pair you are looking at and change it from Traditional to ATR. You can set it for a static pip amount if you want. But ATR at first will help you decide which amount of pips you should throw in.

This is my first published strategy so if I screwed up on anything or didn't explain it very well, please let me know!!
Skrip sumber terbuka

Dalam semangat TradingView yang sebenar, penulis skrip ini telah menerbitkannya dengan menggunakan sumber terbuka supaya pedagang-pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda dapat menggunakannya secara percuma tetapi penggunaan semula kod ini dalam penerbitan adalah dikawalselia oleh Peraturan Rumah. Anda boleh menyukai skrip ini untuk menggunakannya pada carta.

Ingin menggunakan skrip ini pada carta?

Komen

How would you create a screener for search Renko cross?
Balas
Your "inpTakeProfit" is too low, you are leaving money on the table. Nonetheless, good use of RENKO for a script, it adds tranquility to the chart :)
Balas
@Dakseek, Thanks for the input! I should have set the default higher on this one, you're right!
Balas