In essence this Renko trading system is the following: 1. Momentum based entries 2. Trend trading system (small losses, big wins) 3. As well as a trend continuation system ------------------------------ !IMPORTANT! ------------------------------ - You MUST have a Pro+ account. Why? Cause Renko NEEDS to run on 1min or 5min chart, nothing larger. If you...
Standard simple strategy RENKO. Entry on the first reversing bar. No repaints. Caution arrows when price crossing RENKO levels
Renko is very useful in many strategies, but Tradingview does not support original Renko charts, where time is 0 and the single variable is the price action This script can overlay the normal Candles Chart with Renko bricks and behaves like an original Renko brick formula This is a simple way of looking at a Renko Chart inside a normal Candles Chart You need to...
This is simply Bill Williams AO oscillator, fabricated with predefined numbers to better fit the Uni Renko charts and my methodology. The reason for publishing this version is that the original numbers (you can see them on the top instance of the oscillator) does not behave that much satisfactory when it comes to renko charting in my methodology ! The AO is not a...
This is a simple script that shows two averages for box size on Uni Renko system for users to use. The user should use the green line (Box Size) that is more persistent in the last hour. if there are equal minutes between two numbers, use the upper number. Now users can easily check the timed candle sticks at the start of the day for three time frames we use in...
This the last tool I was working on for quite few weeks now. finally got it working. It's the only tool in my tool set that you can tweak how it looks because you can use three instances to show short length, medium length and long length trailing stops. These trailing stops also can be used as support / resistance zones if you desire too. Don't ask for getting...
This oscillator shows market volume in candle form and mostly used for crypto currency markets. Most of the times it is a leading indicator for market trend. One Ema, two SMAs and a bollinger band are plotted in this oscillator for better analysis of the market. Its better to use it in renko plots.
This is my version of Stochastic RSI, but not the stochastic RSI alone, hell no, it's a lagging indicator, I don't like lagging indicators. This is a leading indicator that has momentum calculations in it and not only that, it has a momentum shifting calculation based on modified ehler's transformation ! Simple for user, a hell to program ! Price and how to get...
Basic idea of how to untrend and calculate slope movement and derivative. Have fun
This is Multi Tile Frame signalling of reversal bar strategy. Using this, you can easily Identify if you had a reversal bar signal in 1,2,3,4,5,10,15, and 30 minute based renko charts. The more time frames get in sync with each other, the higher possibility for a more powerful signal. The least you would need is for 1,2 and 3 minutes to have 2 out of 3 of them...
Simple Renko strategy, very profitable. Thanks to vacalo69 for the idea. Rules when the strategy opens order at market as follows: - Buy when previous brick (-1) was bearish and previous brick (-2) was bearish too and actual brick close is bullish - Sell when previous brick (-1) was bullish and previous brick (-2) was bullish too and actual brick close is...
This is a modified formula for MFT. It's prefabricated with numbers that would work best with my methodology and system. Please don't ask for getting access. Only my students can get access to these indicators.
This is a modified RSI formula that draws two different RSI time frames on top of eachother with additional signal points on it. Please don't ask for getting access. Only my students can have access to these tools because they are part of my methodology and prefabricated with fixed numbers that would work ONLY on my system.
This is the first of my RENKO strategies and studies series. I'm developing some studies on Renko charts from a while and now is time to share the results. This startegy is based on this idea: to measure the "vigor" or strength of a price action and to follow it. I use Renko charts to identify the price action. The indicator will rise or fall when a price action...
Can use the renko candle to put an alert when the renko block has changed
This is a modified version of RSI MTF, a similar indicator can be found in public library if anyone is interested, mine, is fabricated to work with my methology with all the addition i will add to this (just like others when i added the ability to change the moving types in critical places of formula) so that students can experiment with them (it will come in next...
Unfortunately, the fihser transform's formula has specifications that are not compatible with newer versions of pine script (calling mutable variables on security function). So, I had to separate this section of "Cycle" script to it's own little world and remove the versioning from the script. That, means that i can't even write the name of the oscillator on the...
This is the separated script from original Uni Renko script. The main reason for this separation is that Trading View limits the user on plotting stuff to 64 plots, the Uni Renko script was so full that even a single more plot was impossible, so, separation came and now if i want to add any feature to this, it's possible.