pune3tghai

HA and Renko Combined Alerts - Dynamic

This script is supposed to be used with HA and Renko Strategy.
Dynamic Alerts have been added to the indicator for alerts to Cornix users.
for stop loss and tp levels, I'd recommend using the bricks as your preferred levels.


NOTE - PLEASE IGNORE THE REPAINTING WARNING AS IT'S COMPLETELY OPTIMIZED AND TESTED.

Repainting Warning is because of the Security() used for RENKO Trend Analysis.
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Comments

Has this been tested for the buy/sell signals to not repaint? It is very profitable for btcusd across most timeframes and most exchanges. So this algo is not too overfitted.
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slywizard slywizard
@slywizard, Also, I have a feeling it will be profitable as well on other tickers, not only BTCUSD. Right now the signals only seem to appear on BTCUSD tickers.
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pune3tghai slywizard
@slywizard, You need to adjust Renko Brick size in accordance with Ticker you're going to use it with.

I think there are some Repainting issues at the moment, so use it with precaution and only use upto 5% of your capital to trade with it.

I'm working on the repainting part. Let me know if you have the code for Custom Renko Candles (that don't use Security() function).
Reply
slywizard pune3tghai
@pune3tghai, don't really know anything about pinescript coding, but I do know renko is mostly used for manual intraday trading and there is lookahead for data collection. That's why algos based off on renko repaints.
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pune3tghai slywizard
@slywizard, @slywizard, That's the issue. but I'm adding conditions to bypass that vulnerability for automation.
My strategies are meant for automation through BOTs so for the same reason I suggest you study the indicators and strategies properly first.
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slywizard pune3tghai
@pune3tghai, I would love to help you out with the repainting aspect, but I admit I'm not familiar with renko candles and how they work. Will read more about them when I get back home for sure.
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That was quick thank you, looking forward to more updates.

Also i did not receive any Repainting warnings while i added alerts :)
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pune3tghai kkhaial
@kkhaial, that's great. Enjoy!!!
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