OPEN-SOURCE SCRIPT

Renko Boxes [by dawoud]

This indicator combines the strength of Renko channels with traditional price action charts, offering a unique perspective on market trends and reversals. Unlike standalone Renko charts, which obscure time, this indicator overlays Renko-based channels directly onto your standard price action chart, precisely showing trends over time.

Key Features:
  1. Renko Channel Visualization: Clearly defined channels help identify trends, support, and resistance levels.
  2. Seamless Integration: The Renko channels are plotted directly on your regular candlestick or bar charts, preserving the context of price and time.
  3. Enhanced Trend Clarity: Smooth out market noise and focus on significant price movements.
  4. Customizable Settings: Adjust brick size and channel parameters to fit your trading strategy.


I haven't yet figured out a strategy for this indicator. If you have an idea, please contact me and we will build that together.
Trend AnalysisWave Analysis

Skrip open-source

Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

Inggin menggunakan skrip ini pada chart?

Pernyataan Penyangkalan