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Renko Ghost, v. 2.0Renko Ghost Custom-designed to take advantage of the smoothing signals from Renko charting, Renko Ghost creates client-side ATR calculations to build an overlay of “ghost” Renko blocks which emulate the popular ATR blocks on top of TradingView’s Traditional Renko charts. By combining constant ATR updates with the “trend anticipation” patterning of our other systems, Renko Ghost can deliver more responsive, finely-tuned reads on market turns. (Check out results below) Contact us for a free trial to test Renko Ghost on your go-to charts. And be sure to check out our other dynamic trading systems. We are always available for questions, comments, and suggestions. There is always room for improvement. Results Chart The backtests below show 1-year returns against a Buy and Hold (B+H) approach for 40 of the world’s top traded instruments (as measured by price volume or similar indicator). The Renko Ghost system was run on the top 10 instruments in four major markets: Equities, ETFs, Cryptocurrencies, and Forex. All tests were on a 30min chart, set to Renko “Traditional” blocks (because TradingView does not support realtime alerts from ATR-based charts). Block size was set proportionately to price to give the instrument positive results, but there was no “cherry-picking”. (In fact, changing time frames would have produced even better returns in some cases, but it seemed best to use a consistent measure.) Subscribers to the system receive a full, step-by-step breakdown on how to customize the parameters to get the best from their favorite markets. (For each instrument, you see listed its Symbol (name), Profit % (annual return using Renko Ghost), Winning Trade % (being “right”), ProfitFactor (Ratio of money won to money lost), Max Draw Down % (point of worst % loss during the year), and B+H (how much the asset would have returned with no trades, via "buy-and-hold" )...) Renko Ghost Settings: 30 min, Traditional Renko box, over 1 year (June 1, 2018 - June 1, 2019) EQUITIES Symbol,_.,_.Profit %,_.Trade %,_.Pf,_.Max Dr Dn,_.B + H AMZN,_.,_.,_.1,874,_.,_.62,_.,_.6.3,_.,_.3,_.,_.,_.,_.7 AAPL,_.,_.,_.,_.141,_.,_.48,_.,_.3.4,_.,_.5,_.,_.,_.,_.5 TSLA,_.,_.,_._6,603,_.,_.58,_.,_.5.6,_.,_.6,_.,_.,_.(-38) FB,_.,_.,_.,_.,_.170,_.,_.48,_.,_.3,_.,_.,_8,_.,_.,_.(-7) BABA,_.,_.,_.,_.220,_.,_.56,_.,_.3.2,_.,_.9,_.,_.,_.(-23) BYND,_.,_.,_.,_.305,_.,_.60,_.,_.7.1,_.,_.5,_.,_.,_,_140 MSFT,_.,_.,_.,_.191,_.,_.57,_.,_.6,_.,_.,_3,_.,_.,_.,,_28 AMD,_.,_.,_.,_.,142,_.,_.45,_.,_.2.3,_.,_13,_.,_.,_.,_,0 NFLX_,_.,_.,_.1,902,_.,_.54,_.,_.1.4,_.,_11,_.,_.,_.,(-5) BA,_.,_.,_.,_.,_.560,_.,_.54,_.,_.4.9,_.,_.3,_.,_.,_.,,_97 ETFs Symbol,_.Profit %,_.Trade %,_.Pf,_.Max DrDn,_.B + H SPY,_.,_.,_.724,_.,_.64,_.,_.,_8.3,_.,_.1,_.,_.,_.4 QQQ,_.,_.2,553,_.,_.63,_.,_.,_9.3,_.,_.1,_.,_.,_.5 EEM,_.,_.,_.340,_.,_.52,_.,_.,_5.5,_.,_.2,_.,_.,_.0 IWM,_.,_.,1,801,_.,_.61,_.,_.,_7.7,_.,_.1,_.,_.,(-3) HYG,_.,_.,_.,17,_.,_.45,_.,_.,_2.5,_.,_.1,_.,_.,,0.5 EWZ,_.,_.4,855,_.,_.59,_.,_.,_9.2,_.,_.2,_.,_.,_.26 LQD,_.,_.,_.,12,_.,_.48,_.,_.,_1.7,_.,_.2,_.,_.,_.6 EFA,_.,_.,_.192,_.,_.52,_.,_.,_4.9,_.,_.2,_.,_.,_(-7) FXI,_.,_.,_.669,_.,_.55,_.,_.,_6.3,_.,_.,1,_.,_.,(-15) XLF,_.,_.,_.287,_.,_.55,_.,_.,_4.8,_.,_.,2,_.,_.,(-3) CRYPTOCURRENCIES Symbol,_.,_.Profit %,_.Trade %,_.Pf,_.Max DrDn,_.B + H BTC/USD,_.22 million,_.,_.54,_.,8.1,_.,_3,_.,_.,_.(-8) ETH/USD,_.15 million,_.,_.50,_.,5.1,_.,_7,_.,_.,_(-54) XRP/USD,_.26 million,_.,_.49,_.,4.3,_.,_8,_.,_.,_(-21) LTC/USD,_.785,000,_.,_.,_50,_.,5,_.,_.,12,_.,_.,_.13 BCH/USD,_.756,000,_.,_.,_46,_.,3.6,_.,15,_.,_.,_.(-5) EOS/USD,_.258,000,_.,_.,_47,_.,3.5,_.,,27,_.,_.,_.13 BNB/USDT,_22 million,_.,_55,_.,7.3,_.,_.8,_.,_.,_143 BSV/USD,_.170,000,_.,_.,_64,.100,_.,_.,,4,_.,_.,_(-8) XLM/USD,_.15 billion,_.,_.61,_.,7.7,_.,_.5,_.,_.,_.34 ADA/USD,_.136,000,_.,_.,70,_.20,_.,_.,_.2,_.,_.,_.3 FOREX PAIRS Symbol,_.,_.Profit %,_.Trade %,_.Pf,_.Max Dr Dn,_.B + H EUR/USD,_.,_.13,_.,_.,_36,_.,_.,1.5,_.,_.,_2,_.,_.,_(-4) USD/JPY,_.,_.,,5,_.,_.,_31,_.,_.,1.2,_.,_.,_2,_.,_.,_(-1) AUD/USD,_.,_.26,_.,_.,_44,_.,_.,2,_.,_.,_.,3,_.,_.,_.10 USD/CAD,_.,_.16,_.,_.,_37,_.,_.,1.6,_.,_.,_2,_.,_.,_.,3 GBP/USD,_.,_.37,_.,_.,_37,_.,_.,1.7,_.,_.,_2,_.,_.,_(-5) NZD/USD,_.,_.24,_.,_.,_50,_.,_.,2,_.,_.,_.,2,_.,_.,_(-6) GBP/JPY,_.,_.57,_.,_.,_41,_.,_.,1.8,_.,_.,_3,_.,_.,_(-6) EUR/JPY,_.,_.19,_.,_.,_39,_.,_.,1.4,_.,_.,_4,_.,_.,_(-5) AUD/JPY,_.,_.50,_.,_.,_36,_.,_.,1.7,_.,_.,_4,_.,_.,(-10) EUR/GBP,_.,_.13,_.,_.,_41,_.,_.,1.4,_.,_.,_3,_.,_.,_0.1
Strategi Pine Script®
oleh vogoninvictus
TrendMaster Gold, v. 6.2xTrendMaster Gold The ultimate refinement of last year’s TrendMaster system, TrendMaster Gold takes deep pattern recognition to a new level tracking over 20 indicators triggering seven decision gates to trade in a Renko-smoothed charting environment. Optimized for higher returns over a wider range of instruments (see returns below), you are invited to trial this market-mirroring engine. Subscribers receive full breakdown for fine-tuning results to their market favorites while avoiding bot traps. Reach out by message to get your free trial. We are always available for questions, comments, and suggestions. There’s always room for improvement. Results Chart The backtests below show 1-year returns against a Buy and Hold (B+H) approach for 40 of the world’s top traded instruments (as measured by price volume or similar indicator). The TrendMaster system was run on the top 10 instruments in each of four major markets: Equities, ETFs, Cryptocurrencies, and Forex. All tests were on a 30min chart, set to Renko “Traditional” blocks (because TradingView does not support realtime alerts from ATR-based charts). Block size was set proportionately to price to give the instrument positive results, but there was no “cherry-picking”. (In fact, changing time frames would have produced even better returns in some cases, but it seemed best to use a consistent measure.) Subscribers to the system receive a full, step-by-step breakdown on how to customize the parameters to get the best from their favorite markets. (For each instrument, you see listed its Symbol (name), Profit % (annual return using TrendMaster Gold), Winning Trade % (being “right”), ProfitFactor (Ratio of money won to money lost), Max Draw Down % (point of worst % loss during the year), and B+H (how much the asset would have returned with no trades, via "buy-and-hold" )...) TrendMaster Gold Settings: 30 min, Traditional Renko box, over 1 year (June 1, 2018 - June 1, 2019) EQUITIES Symbol Profit % Trade % PF Max DrDn B + H AMZN 2,212 62 6.6 3 7 AAPL 158 49 3.7 5 5 TSLA 8,263 57 5 6 -38 FB 179 47 3 8 -7 BABA 247 56 3.4 9 -23 BYND 348 67 17.9 6 140 MSFT 224 58 6.8 3 28 AMD 171 50 2.6 13 0 NFLX 2,132 55 5.2 11 -5 BA 560 54 4.9 3 97 ETFs Symbol Profit % Trade % PF Max DrDn B + H SPY 275 64 5.5 3 4 QQQ 865 62 6.1 3 5 EEM 278 60 5.3 2 0 IWM 783 61 6.1 2 -3 HYG 21 51 2.7 1 0.5 EWZ 798 58 5.6 5 26 LQD 12 54 2 1 6 EFA 121 61 4.5 2 -7 FXI 391 63 5.4 3 -15 XLF 200 58 3.4 5 -3 CRYPTOCURRENCIES Symbol Profit % Trade % PF Max DrDn B + H BTC/USD 3 million 55 4.7 8 -8 ETH/USD 2 million 52 4.9 21 -54 XRP/USD 6 million 52 4 13 -16.6 LTC/USD 222,000 54 3 13 13 BCH/USD 380,000 54 4.6 28 -5 EOS/USD 147,000 55 2.7 20 13 BNB/USDT 2 million 54 4.4 14 143 BSV/USD 334,000 65 18 5 -8 XLM/USD 34 million 51 2.8 12 34 ADA/USD 48,000 64 7 6 3 FOREX PAIRS Symbol Profit % Trade % PF Max DrDn B + H EUR/USD 13 41 1.3 5 -4 USD/JPY 3 37 1.1 4 -1 AUD/USD 24 43 1.4 4 10 USD/CAD 20 43 1.7 4 3 GBP/USD 36 46 1.8 2 -5 NZD/USD 21 47 1.6 2 -6 GBP/JPY 40 42 1.6 2 -6 EUR/JPY 18 54 3.2 2 -5 AUD/JPY 47 44 1.8 5 -10 EUR/GBP 17 46 1.7 4 0.1
Strategi Pine Script®
oleh vogoninvictus
8
RSI-RENKO Divine StrategyLive, non-repainting strategy using RENKO and RSI mixed together to multiple types of long and short positions. - Features - Live entry direction with trade warnings and alerts Live trade building buy and sell limits (for buy/sell limits) Entry location icons as well as pyramid entries (to add to existing position) Swing trades that keep you in the trade for the maximum possible profit 1 scalp target based on the RSI settings and entry location Dynamic trailing stop for swings and scalps Alert conditions for every update and condition change of the strategy (Provided by indicator study) 4 pre-built color themes, including candlestick coloring This script is used solely for alerts to the RSI-RENKO Divine Strategy , because Trading View still after 3 years of requesting does not provide the ability to use alert conditions inside a strategy script, only an indicator script. This strategy should be used to backtest your settings. Beyond alerts and strategy inputs, the strategy and indicator are identical.
Penunjuk Pine Script®
oleh mortdiggiddy
8
RSI-RENKO Divine Strategy (Backtesting)Live, non-repainting strategy using RENKO and RSI mixed together to multiple types of long and short positions. - Features - Live entry direction with trade warnings and alerts Live trade building buy and sell limits (for buy/sell limits) Entry location icons as well as pyramid entries (to add to existing position) Swing trades that keep you in the trade for the maximum possible profit 1 scalp target based on the RSI settings and entry location Dynamic trailing stop for swings and scalps Alert conditions for every update and condition change of the strategy (Provided by indicator study) 4 pre-built color themes, including candlestick coloring This strategy is best used with the companion indicators: Renko RSI and Renko Trend Momentum using the identical RSI and Trend settings. The linked script is identical and used solely for alerts, because Trading View still after 3 years of requesting does not provide the ability to use alert conditions inside a strategy script, only an indicator script. This strategy should be used to backtest your settings. The approach to this strategy uses several parallel trades of different types. In order to generate multiple trade types the "pyramid trades" setting of the strategy (second tab of the settings that lets you adjust the number of pyramid contracts) should be used. - Trade Types - Swing: This trade is entered on the solid arrows after the RSI has become oversold or overbought. It is key that all trades wait for some degree of pullback before entering, even after the trend flips between positive and negative. This trade is held until stopped out or an opposite trade is triggered that reverses the position. Scalp: These trades have a limit buy/sell entry and a target. The initial target is the opposing RSI overbought or oversold level and changes in real time. Turning on/off the different trade types (strategy only) is simple done by decreasing the number of contracts used for that trade type to zero. When the quantity is set to zero, that trade is not considered. - Session - The session filter is used to narrow trade executions by only allowing trades that are inside the session boundaries. This can be used to isolate the London or New York session for example. The default is 24 x 7 which filters no trades (Trading View has a bug when resetting this, so simply reset the indicator to get it back to 24x7). Please see the following 3 videos introducing the concept of this strategy. All feature requests or bug reports are welcome either by direct messaging or comments on this page or the linked indicator page. Please PM for access. Cheers.
Strategi Pine Script®
oleh mortdiggiddy
32
Renko RSIThe goal of this indicator is to plot the RSI values "as if" the chart is a true price action based Renko chart. It can be used on a time series chart or Renko series chart. The RSI is derived from the raw price action of a time-based chart, where the historic and live price is clustered into Renko bricks. The Renko brick production algorithm is entirely backed by Renko Price Bars Overlay and thoroughly tested. The algorithm takes into account rapid brick production within a single time candle and adjusts accordingly. The output may vary slightly between different chart time frames for the same indicator settings, but this is due to the lack of price fluctuation visibility that can occur in higher chart time frames. If the brick tick size is low, an appropriate chart interval should be selected that maximizes the amount of price volatility visible to the indicator. A bad setting would be something like a 1 tick EURUSD Renko setting on an H4 chart, there simply is no way to derive the exact and ordered price fluctuations in a single H4 candle, 1 pip at a time. A more appropriate chart time frame would be 1-3 minutes for this selected Renko brick size. Plots user specified RSI based on Renko bricks. This would be the same (or very close to) the RSI viewed on a normal Renko chart based on price action alone. Works well with Renko Price Bars Overlay script. See also: Renko Trend Momentum
Penunjuk Pine Script®
oleh mortdiggiddy
5
Renko Trend MomentumA momentum indicator that shows bulls vs bears strength of renko brick production. The algorithm takes into account rapid brick production within a single time candle and adjust accordingly. The output may vary slightly between different chart time frames for the same indicator settings, but this is due to the lack of price fluctuation visibility that can occur in higher chart time frames. If the brick tick size is low, an appropriate chart interval should be selected that maximizes the amount of price volatility visible to the indicator. Plots the normalized rate of new Renko Up Brick production vs new Renko Down Brick production. Custom crossover threshold to help prevent whipsaws and keep you in the trend. Shows pending areas when a crossover is imminent. Custom time-based buffer combined with a crossover to keep you in the trend. Shows crossover background color changes when the direction of the Renko Trend changes. Works well with Renko Price Bars Overlay script.
Penunjuk Pine Script®
oleh mortdiggiddy
4
MA cross strategyThis strategy uses simple moving average cross for entry signals, but it can be customized with 3 cases: 1- exit at take profit and stop loss; 2- exit when distance between close and moving average is above a user defined minimum; 3- use Renko candles to calculate the moving average without changing the graph candles. The third case is the one with better results, but for non-pro users can be used only with daily time frame. Look at profit factor and percent of winning trades. You can test also on your favorite pair, but most important is setting correct brick size. At request, I could share also a screener with alarms for finding which symbol statisfy entry rules. Please use comment section for any feedback. ********************************** IMPORTANT******************************* I have developed an expert advisor for metatrader4 (MT4): results of expert advisor form 2015-01-01 to today are very good with low drawdown and good profit. ********************************************************************************
Strategi Pine Script®
oleh 03.freeman
3
Renko - RSI MomentumIn essence this Renko trading system is the following: 1. Momentum based entries 2. Trend trading system (small losses, big wins) 3. As well as a trend continuation system ------------------------------ !IMPORTANT! ------------------------------ - You MUST have a Pro+ account. Why? Cause Renko NEEDS to run on 1min or 5min chart, nothing larger. If you don't, the chart will repaint . ------------------------------ CHART SETUP ------------------------------ 1. Set chart to Renko 2. Set period of chart to 1 min (or 5 min) 3. Set Renko box size method to "Traditional" 4. Set Renko box size to: - JPY Pairs: 0.2 to 0.4 - Other Major/Minors: 0.002 - 0.004 - Exotic pairs: NO IDEA... (I haven't tested them yet) 5. Load the indicator ------------------------------ RULES ------------------------------ Trend Entry An arrow will appear the following conditions are met: LONG: RSI(7) goes above 55 AND price is above the 50 SMA SHORT: RSI(7) goes below 45 AND price is below the 50 SMA Enter immediately after the bar is printed. Counter Trend Entry An orange dot appears when the following conditions are met: LONG: RSI(7) goes above 55 AND price is below the 50 SMA and above the 10 EMA SHORT: RSI(7) goes below 45 AND price is above the 50 SMA and below the 10 EMA I would not suggest entering immediately but rather finding a trendline or support/resistance that is being broken. Exit - Exit when a white bar is printed - OR use your own discretion. Like 2 bars in opposite direction or on EMA cross or hit of support/resistance. ------------------------------ CHART ------------------------------ - Green bars are when the RSI(7) is above 55. - Red bars are when the RSI(7) is below 45. - White bars are when the RSI(7) is between 45and 55. ------------------------------
Penunjuk Pine Script®
oleh dreampunchboy
15
Morpheus Renko Chart Overlay by ZekisRenko is very useful in many strategies, but Tradingview does not support original Renko charts, where time is 0 and the single variable is the price action This script can overlay the normal Candles Chart with Renko bricks and behaves like an original Renko brick formula This is a simple way of looking at a Renko Chart inside a normal Candles Chart You need to adjust the value manualy, like in Traditional Renko If a price goes up by that value, new brick is formed with green color, vice versa for the down side I filled bricks with red and green for a better view Added Long and Short signs Added alerts (Original script wrote by Richard Santos and modified by Ni6HTH4wK) Enjoy! @Zekis
Penunjuk Pine Script®
oleh edward_Z
1
Traderset Uni Renko - Awesome OscillatorThis is simply Bill Williams AO oscillator, fabricated with predefined numbers to better fit the Uni Renko charts and my methodology. The reason for publishing this version is that the original numbers (you can see them on the top instance of the oscillator) does not behave that much satisfactory when it comes to renko charting in my methodology ! The AO is not a part of my methodology nor Alligator, but i know some people who would like to have these two tools in renko charts. Here you have it.
Penunjuk Pine Script®
oleh CAB_Member
8
Unit Renko Box SizeThis is a simple script that shows two averages for box size on Uni Renko system for users to use. The user should use the green line (Box Size) that is more persistent in the last hour. if there are equal minutes between two numbers, use the upper number. Now users can easily check the timed candle sticks at the start of the day for three time frames we use in my methodology, set the box size for the charts at the start of the day and continue trading the whole day. The charts now will sit on "traditional" setting rather than previously used "atr", no thanks to trading view's amazingly wrong way of calculating renko !!!!
Penunjuk Pine Script®
oleh CAB_Member