puneetghai

HA and Renko Combined

This script is nothing special, but it combines both Renko and HeikinAshi candles in one chart. You need to use it on Regular Japanese Candles Chart.
I have added the feature to set your Renko Brick size yourself. The default is set to 250 for XBTUSD on 30 min time frame.
You can change the brick size to your liking, actual output of this strategy depends on the Renko brick Size so please take care of this part.

Other than that, I have not added any Moving Average or any other indicator for entry and exit.
This strategy works best with the default settings.

NOTE :- Manual Brick size, Default HeikinAshi Settings (Differs from TV's HeikinAshi Candles but the output is similar).

Key Feature:
1. Renko Reduces Noise
2. HeikinAshi presents smoother movement of market (short term).
3. Calculations are done over Japanese Candles, so the output is actually what my strategy represents.
4. No need to look for MA Crossovers, but you can do that if you want.
5. Option for setting the backtest Range for personal use.


Leave your valuable feedback in the comments section below.
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