Latest version. Nobody gave me feedback and managing requests to add people became a PITA. Enjoy.
I like money, you like money, this set up has the potential to make a LOT of it. That being said, I do NOTmake any warranties of this making you money, nor do I guarantee you will NOT lose money. In the end, you're the one configuring it and interpreting the results....
A very simple indicator for people using renko Charts.
It shows entry and exit points.
After two moving up blocks = Enter
After two moving down blocks = Exit
That is all, made it so it is a little bit easier.
// Shows the price renko bars (or range bars) instead of the PERIOD renko
// bars that are integrated into Trading View. The normal renko bars that
// Trading View offers only consider the drawing of a new brick when the
// price closes above or below the required brick size. This can produce
// misleading charts since depending on the time interval of a chart,...
Free strategy again.
I found using 3 volatility stop with different settings could be very helpful when trading an intraday trending market.
With the ATR setting or 5, 10, 15, we can weed out many false break.
Vstop setting is OHLC4.
On the other hand, this strategy also utilize Renko as part of the strategy, so you could say this strategy is...
This "Study" project has been created by request and is used in conjunction with the "Strategy" version.
*** EXPERIMENTAL ***
*** USE AT YOUR OWN RISK ***
Indicator based around Renko Bar Chart emulator (ATR) with direction change used to signal buy/sell trades.
I have generally found that setting the strategy ATR resolution to 3-5x that of the...
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...
Based on my "Renko Reversal Alert".
Will open a long trade and close all short trades, if there is a bullish renko reversal.
Will open a short trade and close all long trades, if there is a bearish renko reversal.
Average True Range Trailing Stops with Renko Bars
This strategy opens trades when renko's close price is above or below ATR trailing stop level.
Trade size is 0.01 Lots each 100 USD in account's equity.
Sorry I have had trouble getting the TradingView to point to the "Alerts" script instead of the "Backtest".
This is the Alerts part of this pair of Scripts. This part creates alerts to be picked up by the Chrome Add-on.
As far as my algorithm design will take me this is it. So It's complete in my eyes. Here is a "working" version of something I've been looking for for a long time: "Flex" Renko Charting.
Bricks' sizes are determined by ATR and are set by simply choosing a resolution for the ATR...
This indicator in designed to be used with Renko and other price only bars (ie Kagi, LineBreak, Point&Figure) and shows the number of minutes a bar was open before it was confirmed and printed.
NOTE: It will only work on currencies and symbols that are in the 24/5 market, it does account for weekend market close time but does not account for any Forex market...
Renko based zigzag:
mode: can be Traditional or ATR.
modeValue: can be whole number if you use ATR mode, or floating point number in case of Traditional mode.
showOverlay: displays basis Renko overlay.