Brick Indicator

Brick Indicator :-

A wonderful book written by "Prashant Shah" named "The profitable trading with renko chart" has been mentioned many technical indicator in this book. But today we are going to tell about an indicator who does a lot of amazing work inside the Renko chart. The Indicator name is "Brick Indicator" works on very simple calculations. Inside it, it is seen how much Brick Bullish was and how Brick was Bearish . Which shows whether the trend is upwards or downwards. At the same time, inside it we use the line of EMA . So that we can catch the trend quickly.

Brick Line Formula: - Numbers of periods bullish candles - Numbers of periods bearish candles

With this line, we put the line of EMA , so that the signals of the market get even better.
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?


Sir, this brick indicates very good support to annalys to stock buy or sell thanks lots dear
Free Wale id me Brick line add huva Box add nahi huva kai karna padega SIR
Hekanshi setting kya Rakhna hai sir
Mu2018 sunil1213
@sunil1213, to avoid noise
Box size kya hai
+3 Reply
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