pune3tghai

HENKO (Renko + HeikinAshi) -- No Repaint

This particular work is completely mine.
I have not used anyone else's code (not even a fragment).
Parts of the code are used from Open Source library linking to https://www.investopedia.com/trading/hei... and TradingView's example section at https://www.tradingview.com/wiki/Non-Sta...

The above sources have been used to get Custom Heikin Ashi Candles.

Calculations on Renko bars is completely on me as I have used Daily close and open values to build my own Renko Candles.

Custom Bricksize for Float values has been made available in this public version.

I take no responsibility for the performance of this indicator as I have completely turned off the Repainting in this version of my script.

I am publishing the script for Public use.

I'll be releasing updates for this script in future as the performance is somewhat acceptable.

Profit Factor will decrease with bigger backtest data.

NO REPAINTING issues shall be reported at all costs as the tradingview's default Time based renko has been completely discarded, thus making it rely on its own.

Be advised that as the Renko Bars are calculated at 00:00 UTC , you're not supposed to mess with the timing in the script, unless you're working with Stock markets where it is important that you set your day start and end precisely.

You can play with the Brick Size to see what's more beneficial for you.

No Repaint RENKO


NOTE:= PERFORMANCE OF THIS INDICATOR DEPENDS UPON THE BRICKSIZE OF RENKO BARS.
Release Notes: 1. Added HeikinAshi Candle Plot
2. Refined performance
3. verified working with separate pairs and indicators.
4. Removed RSI
Release Notes: TP Level added with performance driven BrickSize (eidtable)
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?

Comments

Hi,

Can you send the strategy version please?
I have installed the indicator version, but it seems a bit strange to me
zorgon@telenet.be

kind regs
G
+1 Reply
Great work adding some other indicators for confluence works great
+1 Reply
pLEASE SHARE THE SCRIPT
Reply
pune3tghai Pavankumar1986
@Pavankumar1986, Source Code for Renko is available at and you can ignore heikin ashi for that matter as it doesn't affect much here and only delays the signal.
Reply
if you don’t want me to communicate, i will send you applications.
Reply
pune3tghai MAKSIMKUROCHK
@MAKSIMKUROCHK, ITs not about communication buddy. I'm just not so much active on Tradingview, you can send me a Personal Message at will as I ignore Notifications mostly but not the messages. Feel free to get in touch with me in messages.
Reply
Can you make an alerts? !!!!!!
Reply
pune3tghai MAKSIMKUROCHK
@MAKSIMKUROCHK, Its a Strategy Script and I haven't really focussed much on this sccript since it relies heavily on some long lasting trades. I am more of a day trader and I take about 5-6 trades in a day on one particular pair and that's why I didn't make alerts for this. You can check out my other scripts and they have alerts on them.
Reply
i think its only working with eth?
it is possible to use with other crypto?
thanks
Reply
pune3tghai crudeking
@crudeking, I have tested it with only XBTUSD but yes it works with other Cryptos too, you'll need to adjust the Renko Bar Size to check which works best for you. And Sorry for the late reply. I'm not that active on tradingview anymore other than looking at my own charts and bots LOL!
Reply
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