Simple Renko Overlay that attempts to deal with the delay present in the Renko function while still using brick size from the Renko function.
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...
This indicator Should be opened on a 15 min chart It will display the Renko Highs and lows of: 30 min chart 45 min chart 60 min chart and 120 min chart
PLEASE READ! 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...
The author of the study is Zack_The_Lego but i made it into a strategy because its an awesome study by him.
I'm releasing this code in public Interest in hope of getting it improved by the community. If someone wants to use this code, then he/she should publish this code in Public Library with Open Source reference. The code is entirely mine and not anyone else's. I would love to see some imporvements to this code, so if you have any suggestions then let me know in...
Despite I am not a big fan of Renko I spent some time to solve a common problem of chart type identification using absolutely obvious technique: Renko bricks have the same size. That's all. Not a cutting-edge maths. This tool allows to identify: ATR Renko charts (see ^) Traditional Renko charts Here is example for Traditional Renko: It also...
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...
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:...
This is a script to place Renko candles on your chart alongside another candle type or more importantly, using the variables from this script, you can build a strategy using Renko candles that will depict true/proper entries and exits in a strategy when using the backtest feature. We hope this helps!
This "Study" project has been created by request and is used in conjunction with the "Strategy" version. *** EXPERIMENTAL *** *** USE AT YOUR OWN RISK *** Description: Indicator based around Renko Bar Chart emulator (ATR) with direction change used to signal buy/sell trades. I have generally found that setting the strategy ATR resolution to 3-5x that of...
This "Strategy" project has been created by request. *** EXPERIMENTAL *** *** USE AT YOUR OWN RISK *** Description: Strategy based around Renko Bar Chart emulator (ATR) with direction change used to signal long/short trades. I have generally found that setting the strategy ATR resolution to 3-5x that of the chart you are viewing tends to yield the good...