Auto-Line

An indicator inspired by the Renko chart.Instead of using a static box size we use standard deviation, this make the indicator more reactive to the market state.

If the indicator show no values then you have to round the price to the nearest integer, for that use the round parameter.

Hope you enjoy :)

Release Notes

No longer need to use a round number as initial value.

Release Notes

Modified Colors

alexgrover

Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/

Also on:

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

alexgrover

Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.