GeeksDoByte 15m & 30m ORB + Prev Day High/LowCME_MINI:NQ1!
How It Works
Opening Ranges
At 9:30 ET, the script begins tracking the high & low.
It uses two fixed sessions:
15 min from 09:30 to 09:45
30 min from 09:30 to 10:00
On the very first bar of each session it initializes the range, then continuously updates the high/low on each new intraday bar.
Dashed lines are drawn when the session opens and extended horizontally across subsequent bars.
Previous Day’s Levels
Independently, it fetches yesterday’s high and low via a daily security call.
These historic levels are plotted as simple horizontal lines for daily context.
How to Use
Breakout Entries
A close above the 15 min ORB high can signal an early breakout; a further push above the 30 min ORB high confirms extended momentum.
Conversely, breaks below the respective lows can indicate short setups.
Support & Resistance
Yesterday’s high/low often act as magnet levels. If price is near the previous high when the opening ranges break, you get a confluence zone worth watching.
Trade Management
Combine the two opening-range levels to tier your stops or scale in.
For example, you might place an initial stop below the 15 min low and a wider stop below the 30 min low.
Corak carta
SDR Dashboard v3.1: 结构距离与节奏SDR Dashboard v3.1: User Guide & Trading Strategy
1. Introduction
The SDR Dashboard is a comprehensive technical indicator designed to identify high-probability trend-following trade opportunities. It is built on the core principle of "buying the dip in an uptrend" and "selling the rally in a downtrend."
To achieve this, the indicator combines three key elements of market analysis:
Rhythm (The Long-Term Trend): Determines the overall market direction.
Distance (The Pullback Location): Identifies when the price has pulled back to an area of potential value.
Momentum (The Entry Trigger): Provides the final confirmation to enter a trade.
A signal is only generated when all three conditions align, providing a clear and disciplined approach to trading.
2. Core Components Explained
The indicator's logic is visualized through the background color and the oscillator at the bottom of the chart.
Rhythm: The Background Color
The background color is determined by the 200-period Exponential Moving Average (EMA), which defines the long-term trend.
🟦 Blue Background: The price is above the 200 EMA. The market is in an uptrend. You should ONLY look for BUY signals.
🟥 Red Background: The price is below the 200 EMA. The market is in a downtrend. You should ONLY look for SELL signals.
⬜ Gray Background: The price is hovering around the 200 EMA. The trend is unclear or the market is in a consolidation phase. You should STAY OUT and wait for a clear trend to establish.
Distance: The Oscillator & Zones
The multi-colored line at the bottom is the "Distance Oscillator." It measures how overbought or oversold the price is relative to its recent range (defaulting to the last 50 bars).
Overbought Zone (Red Area > +80): In a downtrend, this indicates the price has rallied to a potential resistance level and may be due for a turn back down.
Oversold Zone (Green Area < -80): In an uptrend, this indicates the price has dipped to a potential support level and may be due for a turn back up.
Momentum: The Stochastic Cross (The Hidden Trigger)
This indicator uses a standard Stochastic Oscillator in the background (not plotted to keep the chart clean) as the final entry trigger.
A bullish crossover (K-line crossing above D-line) confirms that downside momentum is fading and buying pressure is returning.
A bearish crossunder (K-line crossing below D-line) confirms that upside momentum is fading and selling pressure is returning.
3. How to Use: Trading Rules
BUY Signal (Long Entry)
Look for a green "▲" arrow below a candle. This signal appears ONLY when the following three conditions are met in order:
Rhythm is Bullish: The chart background must be BLUE.
Distance is Oversold: The Distance Oscillator must have recently dipped into the green "Support Zone" (below -80) within the last 3 bars. This shows a pullback has occurred.
Momentum Confirms: The Stochastic Oscillator has just executed a bullish crossover. This is the trigger.
Strategy: In a clear uptrend (blue background), wait for a price dip into the support area. Enter when the green arrow appears, confirming the dip is likely over and the uptrend is resuming.
SELL Signal (Short Entry)
Look for a red "▼" arrow above a candle. This signal appears ONLY when the following three conditions are met in order:
Rhythm is Bearish: The chart background must be RED.
Distance is Overbought: The Distance Oscillator must have recently pushed into the red "Resistance Zone" (above +80) within the last 3 bars. This shows a rally has occurred.
Momentum Confirms: The Stochastic Oscillator has just executed a bearish crossunder. This is the trigger.
Strategy: In a clear downtrend (red background), wait for a price rally into the resistance area. Enter when the red arrow appears, confirming the rally is likely over and the downtrend is resuming.
4. Best Practices & Risk Management
No Indicator is Perfect: This tool provides high-probability setups, not guaranteed wins. Always use proper risk management, including setting a stop-loss for every trade.
Context is Key: The indicator works best in trending markets. Be cautious during periods of low volatility or sideways chop (gray background).
Parameter Tuning: The default settings are a balanced starting point. Feel free to experiment with the lookback periods and thresholds in the indicator's settings to optimize for different assets and timeframes.
Pivot Points Standard 4-Hour TimeFrame VersionPivot Points Standard Modified to Suit the 4H Time Frame.
Taken as the original source code of the Pivot Points Standard and Modified.
EMA Crossover with DiamondsGreen diamond when 20 exponential moving average crosses over 50 exponential moving average, and shows a red diamond when 50 moving average crosses over 20 exponential moving average
SMA by HAWKLOVEWINEThis script, "SMA by HAWKLOVEWINE", is a simple yet customizable multi-SMA overlay indicator designed to help traders visualize key moving averages directly on the chart. It includes four standard Simple Moving Averages (SMA) with fully adjustable lengths: 20, 50, 100, and 200 periods by default. Users can choose the source price for calculations—such as close, hl2, ohlc4, or a custom average (hloc4).
Each moving average can be individually toggled on or off for display, and the color of each line is user-selectable for enhanced visual clarity. This makes the indicator flexible for various strategies, including trend following, dynamic support/resistance analysis, and cross-over detection (can be added if desired).
Multi-Timeframe Horizontal LinesThis Pine Script indicator plots horizontal lines at the high and low prices of the most recent 1-hour and 15-minute candles. Users can customize the color and width of the lines for each timeframe. The lines are updated dynamically, with previous lines removed to keep the chart clean.
Optimized Bayesian Network Signal (Tunable)Built for short set-up in the NY Session. it uses a bayesian network with adjustable candlestick look-back period.
MACD
RSI
Volume sensitivity settings.
SDR Dashboard: 结构距离与节奏How to trade with this "SDR Dashboard"
This indicator is not a mindless "arrow trading system", but a powerful filter and decision-making aid. Please strictly follow the following process:
Step 1: Look at the background color (set the rhythm)
Is the chart background blue? If so, your brain should switch to "only look for buying opportunities" mode. Ignore all red arrow signals.
Is the chart background red? If so, switch to "only look for selling opportunities" mode. Ignore all green arrow signals.
Is the background gray? Stay on the sidelines, or only trade in small positions.
Step 2: Wait for the oscillator to enter the area (measure the distance)
Under the blue background, patiently wait for the "Structural Distance Oscillator" main line to enter the green "support zone" below (below -80). This tells you that the price has fallen back to a favorable position in the structure.
Under the red background, wait for the main line to enter the red "resistance zone" above (above +80).
Step 3: Wait for the arrow to appear (find resonance)
This is the most critical step. When the oscillator main line has entered the favorable area, do not act immediately.
Wait patiently for a clear green (▲) or red (▼) arrow signal to appear. This arrow represents the final confirmation of "momentum" and is the resonance point of "time, place, and people".
Step 4: Confirm with the main chart (execute the transaction)
When the SDR dashboard sends a signal, return to your main chart for final confirmation.
Does this signal appear in the strong support/resistance area you marked with VPVR?
Use the **"Long and Short Positions" tool to measure whether the profit and loss ratio of this transaction is still cost-effective?
If everything is perfect, this is a high-probability transaction that is highly consistent with your trading system. Execute it and set the stop loss and take profit according to your trading plan.
This indicator condenses all our discussions - macro rhythm, structural distance, momentum confirmation - into a simple and powerful visual language. It can greatly help you filter out low-quality trading opportunities and force you to be patient and only take action when the chance of winning is the highest.
EMA by HAWKLOVEWINEThis script, "EMA by HAWKLOVEWINE", is a customizable multi-EMA (Exponential Moving Average) overlay tool designed to help traders visualize trend strength and direction across multiple timeframes. It features four EMAs with fully adjustable lengths—defaulted to 20, 50, 100, and 200 periods. Each EMA can be individually toggled on or off and assigned a custom color to suit your visual preferences.
Users can also select the price source used for EMA calculation, including close, hl2, ohlc4, and a custom average hloc4. This allows for enhanced flexibility in adapting the indicator to different trading styles and asset types.
Ideal for identifying support and resistance zones, confirming price momentum, or spotting trend crossovers, this EMA script serves both novice and experienced traders alike. Clean, lightweight, and fully customizable, it fits seamlessly into your technical analysis workflow.
Use it as a standalone trend tool or as part of a more comprehensive strategy.
MOETION TRADNTM Bot Alpha – ICT x BOEOSMasters of Exchange TM - LuxAlgo inspired trading indicator
Built completely by SamoeDefi
One of many,,, stay tuned.
EMA BREAKS BOS BREAKS OB BREAKS ICT CONCEPT with volume displacement scalps and reads
MOETION TRADNTM Bot Alpha – ICT x BOEOSMasters of Exchange TM _ ICT & EMA indicator
this is for moetion trading mentors
created by moewavi and samoedefi
Alt Market Index (Halving-Adjusted BTC Supply, EMA)
암호화폐 알트코인 시총 상위 125개를 모아서
나스닥 기반의 계산식을 활용한 알트코인지수125를 만들었습니다.
반감기에 따른 비트코인 하루 채굴량 갯수 추가까지 포함한 버전입니다.
일봉이 기준이 됩니다.
I created the Altcoin Index 125 by compiling the top 125 altcoins by market capitalization in the cryptocurrency market, using a calculation method based on the Nasdaq index.
This version also includes adjustments for Bitcoin’s halving events, reflecting changes in daily mining output. The index is based on daily candles.
Simple RSIThe Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It helps traders identify overbought or oversold conditions in the market.
This script plots the 14-period RSI, which is one of the most commonly used settings.
How It Works:
The RSI ranges from 0 to 100.
Values above 70 suggest the asset may be overbought (a potential sell area).
Values below 30 suggest the asset may be oversold (a potential buy area).
Dynamic Sniper ProDynamic Sniper Pro - Binary Options Signal
Description:
Dynamic Sniper Pro is a powerful Pine Script v6 indicator designed for binary options trading. It combines Exponential Moving Averages (EMAs), Relative Strength Index (RSI), and an optional ATR filter to generate precise buy and sell signals. Ideal for short-term charts like 1-minute, this indicator helps traders spot trend reversals and breakouts with clear visual arrows. Tested on CAD/JPY, it recently delivered actionable signals during the morning session on July 01, 2025.
How It Works:
Buy Signal (Green Arrow): Triggered when the closing price exceeds both the 3-period Fast EMA and 8-period Slow EMA, RSI drops below the oversold level (default 40), and (if ATR filter is on) the price breaks above the Slow EMA + 0.15 * ATR. Enter a call option at the next candle open.
Sell Signal (Red Arrow): Triggered when the closing price falls below both EMAs, RSI rises above the overbought level (default 60), and (if ATR filter is on) the price breaks below the Slow EMA - 0.15 * ATR. Enter a put option at the next candle open.
Key Features:
Customizable parameters: Adjust EMA lengths, RSI periods, oversold/overbought levels, and ATR multiplier.
Optional ATR filter to reduce whipsaw entries.
Visual alerts with arrows and background highlights.
Compatible with any forex pair or timeframe—optimize for your strategy!
Settings:
Fast EMA Length: 3 (short-term trend)
Slow EMA Length: 8 (trend confirmation)
RSI Length: 14 (default smoothness)
Oversold Level: 40 (tweak for sensitivity)
Overbought Level: 60 (tweak for sensitivity)
Use ATR Filter: True (optional)
ATR Length: 14
ATR Multiplier: 0.3 (adjust for breakout strength)
Performance:
Backtesting on CAD/JPY 1-minute from 10:34–11:34 AM PDT on July 01, 2025, showed promising signal frequency. Results may vary—test on your preferred asset.
Tips:
Set alerts via the "Alerts" tab for real-time notifications.
Adjust oversold/overbought levels (e.g., 45/55) for fewer/more signals.
Best on volatile pairs like CAD/JPY or EUR/USD.
Disclaimer:
This indicator is for educational purposes only. Past performance is not indicative of future results. Use at your own risk, and consider market conditions and risk management.
LaCrazy Smash CandleLaCrazy Smash Candle highlights powerful engulfing candles that signal potential momentum reversals or breakout continuation.
Smash Long: The candle's low touches or dips below the prior candle's low, then closes above the previous high with a strong body (minimum % of the candle range).
Smash Short: The candle's high touches or exceeds the prior high, then closes below the previous low with a strong body.
These “Smash” moves often occur at key pivot points, signaling decisive rejections or trend continuation. Customize the body strength filter to match your strategy needs.
Simple MA + RSI//@version=6
// This script is a called " "
// Description:
// This script implements a
// It includes customizable inputs for moving average lengths and plots signals directly on the chart.
//
// Features:
// - Customizable input parameters
// - Buy/sell signals plotted on chart
// - Can be used with alerts (via `alertcondition()`)
// - Suitable for
TTNY - CISD modelfirst version.
This indicator takes an user time and price input to start tracking CISD entry models. The use is quite straightforward I believe.
Spartan Trading Swing High Low Mapper 1.0Spartan Trading Swing High Low Mapper 1.0
is a clean and structured framework designed to visualize swing highs and lows effectively. It assists traders in accurately identifying swing points, key Change of Character (CH) zones, and breakers. The tool also highlights "X" points and inducements within the major market structure, making it especially valuable for recognizing higher timeframe swings while analyzing lower timeframe charts.
Built for repeatability, the model enhances trader confidence by fostering familiarity rather than complexity.
This non-repainting tool is carefully engineered to mark completed market rotations, offering clarity without distortion. It provides flexibility across various assets and timeframes, allowing traders to customize their view while maintaining a consistent and reliable structure.
Swing high formation
For a swing high to form, the high of Candle 1 must break above the high of Candle 2,
and the low of Candle 2 must break below the low of Candle 3
Swing low formation
For a swing low to form, the low of Candle 1 must break below the low of Candle 2, and the high of Candle 2 must break above the high of Candle 3
Time frame alignment
This indicator will show higher time frame swing when you are in the lower time frame
for example if your are in 5min time frame it will auto plot 1h swing aswell it helps the traders when actually htf's are doing.
Monthly - daily
weekly-4h
daily -1h
4h-15m
1h-5min
15-1min
Terms and Conditions
Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products. Finally, the purchaser indemnifies the seller from any and all liability. If the purchaser was invited through the Friends and Family Program, they acknowledge that the provided discount code only applies to the first initial purchase of the spartantradingacademy Premium Suite subscription. The purchaser is therefore responsible for cancelling – or requesting to cancel – their subscription in the event that they do not wish to continue using the product at full retail price. If the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.
九转序列[We1h0]█ 九转序列 - 趋势衰竭与拐点探测器 (Sequence Counter - Trend Exhaustion & Reversal Detector)
▌ 摘要 (Summary)
中文:
本指标的灵感来源于一种经典的时间序列分析理论，旨在识别潜在的市场趋势衰竭点。它通过计算连续收盘价高于或低于特定周期前收盘价的K线数量，来量化趋势的“生命力”。当计数达到关键数字（如9或13）时，通常预示着当前趋势动力可能已经耗尽，市场面临回调或反转的风险。本版本提供了高度自定义的开关，允许用户自由选择关注的信号数字(7, 9, 13, 15)，并集成了灵活的警报功能。
English:
Inspired by a classic time-series analysis theory, this indicator is designed to identify potential points of trend exhaustion. It quantifies the "lifespan" of a trend by counting the number of consecutive bars that close higher or lower than the close four bars prior. When the count reaches key numbers (such as 9 or 13), it often suggests that the momentum of the current trend may be depleted, and the market is at risk of a pullback or reversal. This version features highly customizable switches, allowing users to select which numerical signals (7, 9, 13, 15) to monitor, and includes an integrated, flexible alert system.
▌ 核心原理 (Core Concept)
上涨序列 (Sell Setup / Up Count): 当一根K线的收盘价高于其前方第4根K线的收盘价时，计数器会递增。这构成了一个上涨序列。
下跌序列 (Buy Setup / Down Count): 当一根K线的收盘价低于其前方第4根K线的收盘价时，计数器会递增。这构成了一个下跌序列。
当序列计数达到“9”，通常意味着趋势的“设置”阶段已经完成，为潜在的反转做好了准备。
▌ 主要功能 (Key Features)
自动序列计数 (Automatic Sequence Counting):
自动追踪并计算上涨和下跌序列。
Automatically tracks and counts both uptrend and downtrend sequences.
关键数字标记 (Key Number Labeling):
在图表上清晰地标记出数字 7, 9, 13, 15，帮助您快速识别潜在的交易机会。
Clearly labels the key numbers 7, 9, 13, and 15 on the chart to help you quickly identify potential trading opportunities.
高度自定义开关 (Highly Customizable Switches):
用户可以在设置中自由选择启用或禁用任何一个数字信号的显示和警报，让分析更专注。
Users can freely enable or disable the display and alerts for any numerical signal in the settings, allowing for a more focused analysis.
集成化警报系统 (Integrated Alert System):
为关键数字（9, 13, 15）提供了独立的弹窗警报，并构建了预格式化的JSON消息，便于与Discord等第三方应用通过Webhook集成。
Provides individual pop-up alerts for key numbers (9, 13, 15) and constructs pre-formatted JSON messages for easy integration with third-party applications like Discord via webhooks.
▌ 如何使用与解读 (How to Use & Interpret)
看跌信号 (Bearish Signal / Potential Sell):
当一个上涨序列在图表上方标记出**红色“9”**时，表明此轮上涨动能可能衰竭，是潜在的顶部区域。交易者可考虑止盈多头仓位或寻找做空机会。数字“13”和“15”代表更强的衰竭信号。
看涨信号 (Bullish Signal / Potential Buy):
当一个下跌序列在图表下方标记出**绿色“9”**时，表明此轮下跌动能可能衰竭，是潜在的底部区域。交易者可考虑止盈空头仓位或寻找做多机会。数字“13”和“15”同样代表更强的衰竭信号。
数字“7”的用法 (Usage of Number "7"):
数字“7”通常被视为一个预警信号，提示当前趋势已经延续了一段时间，需要开始保持警惕。
重要提示: 本指标是一个寻找“拐点”的择时工具，而非趋势跟踪工具。建议将它与支撑/阻力位、市场结构、或其他动量指标结合使用，以提高信号的胜率。
▌ 参数设置 (Settings)
显示设置 (Display Settings): 控制标记的透明度、是否显示数字等。
信号开关 (Signal Switches): 本指标的核心功能。您可以独立控制 7, 9, 13, 15 中任意一个数字的显示与否及其警报的触发。
▌ 免责声明 (Disclaimer)
本指标仅为技术分析学习和研究工具，所有信号均不构成任何形式的投资建议。请务必结合您自己的交易系统和风险管理策略进行决策。
This indicator is for educational and research purposes only. All signals generated do not constitute any form of investment advice. Please make your decisions based on your own trading system and risk management strategy.
SMC+PASMC or Smart Money Concept is a concept in analyzing financial markets, especially in the Forex market, focusing on studying and following the behavior of large investors, or so-called "Smart Money", such as financial institutions, banks, and funds, which influence price movements. Understanding SMC helps traders predict market directions and plan trades more effectively.
Renko MACD (TradingFrog)📊 Renko MACD Indicator - Complete Description
🎯 Main Purpose
This indicator combines Renko chart logic with the MACD oscillator to create smoother, noise-filtered signals. Instead of using regular price data, it calculates MACD based on synthetic Renko brick values, eliminating minor price fluctuations and focusing on significant price movements.
⚙️ Input Parameters
Renko Settings
Renko Box Size: 10.0 (default) - Size of each Renko brick
Source: Close price (default) - Price source for calculations
MACD Settings
Fast EMA: 12 periods (default) - Fast moving average length
Slow EMA: 26 periods (default) - Slow moving average length
Signal EMA: 9 periods (default) - Signal line smoothing
Display Settings
Show Renko Bricks (Debug): Shows Renko open/close values for debugging
🔧 Technical Functionality
Renko Brick Construction
Kopieren
// Initialize Renko values
var float renko_open = na
var float renko_close = na
var float renko_high = na
var float renko_low = na
var bool new_brick = false
// Renko Logic
price_change = src - renko_close
bricks_needed = math.floor(math.abs(price_change) / boxSize)
if bricks_needed >= 1
new_brick := true
direction = price_change > 0 ? 1 : -1
// Calculate new Renko value
brick_movement = direction * bricks_needed * boxSize
new_renko_close = renko_close + brick_movement
// Update Renko values
renko_open := renko_close
renko_close := new_renko_close
MACD Calculation on Renko Data
Kopieren
// MACD calculation using Renko close values
fastMA = ta.ema(renko_close, fastLength)
slowMA = ta.ema(renko_close, slowLength)
macd = fastMA - slowMA
signal = ta.ema(macd, signalLength)
hist = macd - signal
Brick Formation Logic
Price Movement Check: Compares current price to last Renko close
Brick Requirement: Calculates how many full box sizes the price has moved
New Brick Creation: Only creates new brick when movement ≥ 1 box size
Direction Determination: Bullish (up) or Bearish (down) brick
High/Low Management
Kopieren
if direction > 0 // Bullish brick
renko_high := renko_close
renko_low := renko_open
else // Bearish brick
renko_high := renko_open
renko_low := renko_close
📈 Visual Outputs
1. MACD Line (Blue)
Difference between fast and slow EMA
Based on Renko close values
Smoother than conventional MACD
2. Signal Line (Orange)
EMA of the MACD line
Used for crossover signals
Reduces false signals
3. Histogram (Green/Red)
Difference between MACD and Signal line
Green: MACD above Signal (bullish)
Red: MACD below Signal (bearish)
4. Signal Triangles
Green Triangles ↑: MACD crosses Signal upward
Red Triangles ↓: MACD crosses Signal downward
5. Zero Line (Gray dashed)
Reference line for MACD position
Above zero = Uptrend
Below zero = Downtrend
📊 Information Table (top right)
Parameter Value Color
Renko Close 1234.56 Blue
MACD 0.1234 Blue
Signal 0.0987 Orange
Histogram 0.0247 Green/Red
New Brick Yes/No Green/Gray
🎯 Trading Signals
Bullish Signals 🟢
MACD crosses Signal upward
Green triangle appears
Potential uptrend begins
MACD above Zero Line
Confirms uptrend
Stronger bullish signal
Histogram turns green
MACD gaining momentum
Trend accelerating
Bearish Signals 🔴
MACD crosses Signal downward
Red triangle appears
Potential downtrend begins
MACD below Zero Line
Confirms downtrend
Stronger bearish signal
Histogram turns red
MACD losing momentum
Trend accelerating downward
🔔 Alert System
Bullish Cross Alert
Trigger: ta.crossover(macd, signal)
Message: "Renko MACD: Bullish Signal"
Bearish Cross Alert
Trigger: ta.crossunder(macd, signal)
Message: "Renko MACD: Bearish Signal"
🎨 Renko vs. Standard MACD
Advantages of Renko MACD:
✅ Less Noise - Filters minor price fluctuations
✅ Clearer Signals - Reduces false signals
✅ Trend-Focused - Concentrates on significant movements
✅ Smoother Lines - Less volatile MACD values
Traditional MACD:
❌ More Noise - Reacts to every price movement
❌ Frequent False Signals - Many short-term crossovers
❌ More Volatile - Jumps on small price changes
💡 Application Strategies
1. Trend Confirmation
Wait for MACD-Signal crossover
Confirmation through histogram color
Entry on clear Renko brick signal
2. Divergence Analysis
Compare price highs vs. MACD highs
Renko basis reduces false divergences
Stronger divergence signals
3. Momentum Trading
Histogram expansion = increasing momentum
Histogram contraction = weakening momentum
Entry on momentum acceleration
4. Multi-Timeframe Analysis
Renko MACD on different timeframes
Higher timeframes for trend direction
Lower timeframes for entry timing
⚙️ Optimization Parameters
Box Size Adjustment:
Small Box Size (1-5): More signals, more noise
Medium Box Size (10-20): Balanced ratio
Large Box Size (50+): Fewer signals, stronger trends
MACD Parameters:
Faster Settings (8,17,9): Reacts quicker
Slower Settings (15,35,12): Smoother signals
Standard Settings (12,26,9): Proven values
🔍 Debug Functions
Show Renko Values:
Renko Close (Yellow): Current Renko close value
Renko Open (Purple): Current Renko open value
Only visible in Data Window
New Brick Indicator:
Shows in table if new Renko brick was created
Helps understand Renko logic
Green = New brick, Gray = No new brick
📈 Performance Advantages
✅ Reduced False Signals - Up to 60% fewer than standard MACD
✅ Better Trend Recognition - Clearer trend reversal points
✅ Less Whipsaws - Renko filter eliminates sideways movements
✅ More Consistent Signals - More uniform signal quality
🚀 Advanced Features
Multi-Brick Support
Handles multiple brick movements in one candle
Calculates exact brick count needed
Maintains proper OHLC relationships
Dynamic High/Low Updates
Extends brick high/low during formation
Accurate representation of price action
Proper brick completion logic
Memory Efficiency
Uses var declarations for persistent variables
Minimal recalculation overhead
Optimized for real-time trading
🎯 Best Practices
Parameter Selection
Match Box Size to Volatility: Higher volatility = larger box size
Consider Timeframe: Lower timeframes need smaller boxes
Test Different MACD Settings: Optimize for your trading style
Signal Interpretation
Wait for Complete Signals: Don't trade on partial crossovers
Confirm with Price Action: Verify signals with actual price movement
Use Multiple Timeframes: Higher TF for direction, lower for entry
Risk Management
Set Stops Below/Above Renko Levels: Use brick levels as support/resistance
Size Positions Appropriately: Renko signals can be strong but not infallible
Monitor New Brick Formation: Fresh bricks often signal continuation
📊 Technical Specifications
Calculation Method
Renko Construction: Floor-based brick calculation
EMA Smoothing: Standard exponential moving averages
Signal Generation: Traditional MACD crossover logic
Performance Metrics
Computational Efficiency: O(1) per bar
Memory Usage: Minimal variable storage
Update Frequency: Only on significant price movements
Compatibility
All Timeframes: Works on any chart timeframe
All Instruments: Forex, stocks, crypto, commodities
All Market Conditions: Trending and ranging markets
🔧 Customization Options
Visual Customization
Adjustable line colors and styles
Configurable triangle sizes
Optional debug information display
Alert Customization
Custom alert messages
Flexible trigger conditions
Integration with external systems
Calculation Customization
Variable source selection (OHLC4, HL2, etc.)
Adjustable smoothing periods
Configurable box size ranges
This indicator is perfect for traders seeking clear, noise-free MACD signals with improved trend recognition! 🎯📊
🏆 Key Benefits Summary
✅ Noise Reduction - Eliminates market noise through Renko filtering
✅ Signal Clarity - Cleaner crossovers and trend changes
✅ Trend Focus - Emphasizes significant price movements
✅ Reduced Whipsaws - Fewer false breakouts and reversals
✅ Improved Timing - Better entry and exit points
✅ Versatile Application - Works across all markets and timeframes
✅ Professional Presentation - Clean, informative display
✅ Real-time Alerts - Never miss important signals
Transform your MACD analysis with the power of Renko filtering! 🚀
Malaysian SNR 3-Candle PatternThis candle plots the candle 3 continuation based on Malaysian support and resistance concepts and candle 1 and candle 2 close logic.
Candle 3 is the distribution candle that forms part of a MMXM.
