Basic idea of how to untrend and calculate slope movement and derivative. Have fun
Simple Renko strategy, very profitable. Thanks to vacalo69 for the idea. Rules when the strategy opens order at market as follows: - Buy when previous brick (-1) was bearish and previous brick (-2) was bearish too and actual brick close is bullish - Sell when previous brick (-1) was bullish and previous brick (-2) was bullish too and actual brick close is...
Renko charts are awesome . They reduce noise by only painting a brick on the chart when price moves by a specified amount up/down. When the price reverses, it must go twice the specified amount before a brick is painted. Time is not a factor, just price movement. Sometimes however, you want the pros of a renko chart, but on a regular candlestick chart. This...
//////////////////////////////////////////// // 4 HOURS // -------------------------- BUY -------------------------- // 1. MUST: Set Time_Frame To 1D // 2. STRONG: Any Green Signal!! //////////////////////////////////////////// EMA-CROSS + CCI SIGNALS...
A very simple and basic renko indicator for any time frame and ticker. Please be aware, the minimum value for traditional renko box size = 0.0001 so if you are using this indicator for trading with cryptocurrencies, it might be better to use ATR for that. Can be merged together with main chart for better performance. Consider a tip if you find this helpful BTC:...
1. MUST: RENKO ATR 2 YELOOW 2. STRONG: SNIPER 8,8 BUY SIGNAL 3. WEAK: TZ 6,6 BUY SIGNAL ========= SELL ========= 1. STRONG: SNIPER 8,8 SELL SIGNAL 2. WEAK: TZ 6,6 SELL SIGNAL 3. WEAK: RENKO ATR 2 RED =========NOTE========= RENKO > SNIPER > TZ 6 minutes ago the sniper buy signal is now based on renko
Sorry I have had trouble getting the TradingView to point to the "Alerts" script instead of the "Backtest". This is the Alerts part of this pair of Scripts. This part creates alerts to be picked up by the Chrome Add-on.
This is an implementation of a strategy based on two MA Ribbons, a Fast Ribbon and a Slow Ribbon. This strategy can be used on Normal candlestick charts or Renko charts (if you are familiar with them). The strategy revolves around a pair of scripts: One to generate alerts signals for Autoview and one for Backtesting, to tune your settings. The risk management...
Latest version. Nobody gave me feedback and managing requests to add people became a PITA. Enjoy. I like money, you like money, this set up has the potential to make a LOT of it. That being said, I do NOTmake any warranties of this making you money, nor do I guarantee you will NOT lose money. In the end, you're the one configuring it and interpreting the results....
A least squares filter using the Auto line as source, practical for noise removal without higher phase shift. Its possible to create another parameter for the auto-line length, just add a parameter Period or whatever you want. r = round(close/round)*round dev = stdev(close,Period) Hope you enjoy :)
An indicator inspired by the Renko chart.Instead of using a static box size we use standard deviation, this make the indicator more reactive to the market state. If the indicator show no values then you have to round the price to the nearest integer, for that use the round parameter. Hope you enjoy :)
// Shows the price renko bars (or range bars) instead of the PERIOD renko // bars that are integrated into Trading View. The normal renko bars that // Trading View offers only consider the drawing of a new brick when the // price closes above or below the required brick size. This can produce // misleading charts since depending on the time interval of a chart,...
Volume substitute for those who prefer to use the XBT ticker. Renko on a small time scale is a good option, but lacks wicks. Can be used as a non-overlay indicator by detaching. Differences are more visible on large time scales, or on Renko. Possible future changes: Make the columns more volatile Change column color based on previous column's value ...
I like renko blocks and I like guppy mma's so I decided to put together a study for using them with each other while I'm using other bar types. Additionally, I added two line plots for two different renko sizes of your choice. This has a nice benefit of being able to see how price appears to be ranging between the "block sizes". Being able to see the lines...
This script idea is designed to be used with 10pip brick (recommended) Renko charts. It combines the Renko price action with a directional coloured EMA (default length 6) and a RMI (instead of the usual RSI) indicator to provide entry and exit signals. RMI is bit like RSI with a built-in momentum factor and works well with Renko. Signals can optionally be...