Renko Confidence

Probably my simplest tool yet. Meant for use with Renko charts.

The height of the bar tells you how confident the indicator is a trend will continue, and the color gives the direction.

If the bar is small, or a different color than its corresponding renko bar, that is a sign of very low confidence. If confidence is high, you can use that to enter a trade earlier than the usual renko strategy would have you enter, as well as exit earlier.