Renko supertrend by Ak

hi friends....publishing Renko supertrend indicator.

Renko charts are a great way to help those who can be spooked by the chaos of the markets (I'm one!), but they have a big drawback in that the price you see on renko chart is often significantly different from the real price that you would trade on. This brings issues of unrealistic expectations of profits/losses, and also makes back testing a strategy very difficult. I still wouldn't recommend ever using TradingView's "strategy" tool when using renko charts, but using this indicator you can do accurate manual back tests.

U have to chose box size..so its not repaint when u refresh chart.. bcs on atr based chart its repaint when u refresh chart.

This uses Renko boxes as source on normal chart..don't use it on renko charts

There is an option for use normal japanes candle supertrend..so we can compare how this renko chart prevent false trades.

Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Want to use this script on a chart?
Dr Aakash parikh


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out