This is an educational study, using the security functions provided by @PineCoders(big thanks to them for creating this ) in order to see the difference between multiple candle close plots using:
Average of them all.
Both the different securities and the average can be used as a source for different indicators like moving...
This script displays the renko chart of the candlesticks chart
The color of the chart is green (red) if the trend is up (down).
The following settings are available:
Style = Box Size Assignment Method: 'ATR', 'Traditional'.
Parameter = ATR Length if `Style` is equal to 'ATR', or Box Size if `style` is equal to 'Traditional'.
A Renko Tick chart based on continuously adjusting percentage.
Live Renko bricks formed by tick data
Adjustable brick width
Outline mode, or line mode for more bricks
Scalp with a Renko, get weird.
The settings can and will break the script if you turn them up too high. Turning off outline mode will not look as nice, but can potentially allow for a...
This indicator has been designed to show you both candle chart and Renko chart in one place.
I think most of you are familiar with candle chart which is working with the time and price movements but Renko chart is based on price differences and is not related to the "time" parameter.
so if you see a Renko brick is appear up(or down) to the previous brick it means...
Version 2.0 of my previous renko strategy using Renko calculations, this time without using Tilson T3 and without using security for renko calculations to remove repaint!
Seems to work nicely on cryptocurrencies on higher time frames.
== Description ==
Strategy gets Renko values and uses renko close and open to trigger signals.
Base on these results the strategy...
Trade at your own risk. Please read about renko charts before using this indicator. This indicator is for educational purposes only.
This Indicator is only valid in renko charts with 1 second timeframe. For BTCUSDT . With the traditional method and the size box of 80.
With this indicator we can detect zones of buy and sell. Even that is not...
For Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed. This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets.
Nemeth is a forex trader that came up with a multi-time frame heiken ashi based strategy that he showed to an...
An interesting strategy using Renko calculations and Tilson T3 on normal charts targeted for cryptocurrencies but can work with different assets.
Tested on Daily but can work with lower frames using Renko Size and T3 Length adjustments.
== Description ==
Strategy get Renko close/open/high/low values and smooth them with T3 Tilson.
Base on these results the...
The idea behind this indicator is to have the Renko chart alongside with your main chart. What this indicator does is that it plots the values from the Renko Chart directly onto your main chart. So, you don't have to switch between Renko and OHLC charts anymore!
Renko Dots has to 2 parameters: Method & Length.
Method can be either...
Somehow there aren't too many renko bars that have the traditional setting built-in so I put one up. This one has the option to choose between Traditional and ATR, the size number corresponds to the option that was chosen. And just in case if anyone wanted, I put up a multi-time frame option to choose the time frame the bars take place. D is for day, W is for...
Renko Level Strategy
Main change of my previous strategy, that it look to one level of RENKO and use ATR value from each previous candle.
I think it is more correct than use levels that appears in first candle of new RENKO level, cause it base on current volatility, but not on volatility that was many candles ago.
This is the first release of Renko indicator.
Renko is plotted over candles and best calculates the number of Renko bricks printed up or down per candle which can be viewed from the data window. It plots the high and low of a the bricks, if numerous bricks are printed on a candle, as well as the open and close of a Renko brick.
This will be actively developed...