everget

[RESEARCH] Renko Chart Identifier

Despite I am not a big fan of Renko I spent some time to solve a common problem of chart type identification using absolutely obvious technique: Renko bricks have the same size. That's all. Not a cutting-edge maths.

This tool allows to identify:
  • ATR Renko charts (see ^)
  • Traditional Renko charts

Here is example for Traditional Renko:

It also works correctly with other chart types:

Classic Candles

Heikin-Ashi

Kagi

PnF

Range Bars

Remember @everget!
And pay attention to the license before use)
Aug 22
Release Notes:
  • Refactored
Sep 08
Release Notes:
  • Update
Remove from Favorite Scripts Add to Favorite Scripts
A list of Free indicators: https://bit.ly/2S7EPuN
A list of Paid indicators: https://bit.ly/2SQOhDF

Toss a coin to your witcher
PayPal: https://www.paypal.me/alexeverget
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Very good idea and cool work mate !
+1 Reply
everget LonesomeTheBlue
@LonesomeTheBlue, thanks mate!
Reply
whats the use ?

we know what is renko & what not
+1 Reply
everget Vikrantshah
@Vikrantshah, Who knows? What does "we" mean? This is a common case for developers to identify chart type inside their scripts to apply different sets of settings or different display modes etc.
+3 Reply
Brilliance is in simplicity :)

Good thinking brother.
+1 Reply
@Owl, thanks a lot!
Reply
Very ingenious! Good idea.
+1 Reply
@LucF, Doc, no problem) Le monde est a nous)
Reply
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