TradingView
puneetghai
Dec 13, 2019 5:44 AM

RENKO Modified (NO REPAINT CODE) 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

I'm releasing this code in public Interest in hope of getting it improved by the community. If someone wants to use this code, then he/she should publish this code in Public Library with Open Source reference.

The code is entirely mine and not anyone else's.

I would love to see some imporvements to this code, so if you have any suggestions then let me know in the comments section and if someone can actually make it better than it would be great.

I'll share the logic for BUY and Sell upon agrreing on mutual terms.

As of this moment, the code simply plots Renko Bars, based on Daily Open.

I have added Daily close as an option in this, just in case someone wants it.

similarly you can call upon High and Low (for Obvious Reasons)


It CAN NOT REPAINT at all!!!!
Comments
mahdizadeh1
Hi, does this indicator repaint?
chancetowin248
I can't understand how it is working...
Some "bricks" are calculated and some are not.
If you uncomment the "baseline" plot/line - it is not working as it should.
For example Dec 2 06:00 - the baseline and bricks have to go down but your graphs are not...
And there are plenty of such cases.
puneetghai
@chancetowin248, as I said in the description, current OPEN SOURCE script has some issues because it's completely dependent on the logic that Inverted Renko Candle is formed only if price moves twice the value against the current trend, otherwise it resumes the current Trend.

as for the BaseValue, It is just for Reference, as the renko bars are being calculated on this line with respect to the current market price.

I plan on improving it, but right now, I just don't have enough time, there are other really good scripts as well, You might wanna look up CM Renko Bars, though the logic is completely different (but most appropriate) that too doesnt repaint at all. But yeah the performance is not that good at all either.

My Invite Only script's performance is way lot better than any other script throughout tradingview and thus, I don't really spend much time on improving this one.

I published this code so that others could get some wild ideas and throw them at me for making any more adjustments.

anyhow, you can try my Invite only script, I charge NOTHING for it. ;)

It's FREE!!!
puneetghai
@pune3tghai, and when I say Performance, I mean it performing for BOT trades.

My Invite only script works really good with BOTs for automated Trading on all STOCKS/OPTIONS/CRYPTO/FOREX. Only the bricksize has to be adjusted and that's it.
Autobtc
@pune3tghai, can i get access to it? i need to set alerts on renko... but it is immpossible to set alerts on 1 second TF. and if i go to 1 minute the renko bars will repaint because of tradingviews twisted fucking oogic lol
puneetghai
@Autobtc, its open source, so what access are you talking about?
nagamahr
@puneetghai, please can you provide me with your invitescript for the renko, thanks much
sateeshdamera
Can I get access to your invite only script ? I wanted to use it for my bot. @pune3tghai
TheRaptor82
This looks to be a brilliant indicator.
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