To do this, simply apply the indicator to a chart and right click onto one of the arrows plotted. Choose "Add alert" and then "Long opportunity" and "Short opportunity" in order to create the two alerts per instrument.
Buy signal is generated if a renko brick is followed by a brick.
Sell signal is generated if a brick is followed by a brick.
I left 11 months ago, because of the Renko bar problem, in that TV uses projection bars.
I signed up again, here 11 months later, and Renko bars still print phantom bars that appear, then disappear, making this untradeable and more like a video game.
First, ANY script using (example- "Close", "High", "Low" ) dropped on a renko based chart results in "projection bars".
My alerts and indicators ignore the projection bars until these bars become a "real" printed bar.
As a result, renko charts a super laggy, they LAG like VHS, the lag like fiery Tesla's.
Projected renko bars are maddening and of no use to me for a 4 hour swing trade, or any kind of trading because my decision to trade based of an indicator is too far away from the actual price in the "projection bar".
TV needs to plug-in a CAT cable to Tradestation, obtain TICK data, and make some real Renko bars, and fix this "matrixxy" problem.