INVITE-ONLY SCRIPT
RSI-RENKO Divine Strategy
Updated
Live, non-repainting strategy using RENKO and RSI mixed together to multiple types of long and short positions.
- Features -
This script is used solely for alerts to the RSI-RENKO Divine Strategy, because Trading View still after 3 years of requesting does not provide the ability to use alert conditions inside a strategy script, only an indicator script. This strategy should be used to backtest your settings. Beyond alerts and strategy inputs, the strategy and indicator are identical.
- Features -
- Live entry direction with trade warnings and alerts
- Live trade building buy and sell limits (for buy/sell limits)
- Entry location icons as well as pyramid entries (to add to existing position)
- Swing trades that keep you in the trade for the maximum possible profit
- 1 scalp target based on the RSI settings and entry location
- Dynamic trailing stop for swings and scalps
- Alert conditions for every update and condition change of the strategy (Provided by indicator study)
- 4 pre-built color themes, including candlestick coloring
This script is used solely for alerts to the RSI-RENKO Divine Strategy, because Trading View still after 3 years of requesting does not provide the ability to use alert conditions inside a strategy script, only an indicator script. This strategy should be used to backtest your settings. Beyond alerts and strategy inputs, the strategy and indicator are identical.
Release Notes
- Updated volatile brick algorithm. The strategy should perform better when switching to higher timeframes for low tick brick sizes. It is difficult to garner information from a single time candle that can blast through both the upper and lower next brick thresholds. It takes careful design to maximize the accuracy in these cases.
- Renko RSI and Renko Trend Momentum indicators also updated with some neat additions.
Release Notes
- Fixed target algos during highly volatile segments or when the selected brick size is small enough where the time rate of brick production is high.
- Add check box to toggle visibility of the execution value left triangles.
Release Notes
- Updated color themes.
Release Notes
- Updated to version 4 Pine.
- Live labels now show value price.
- Fixed pending renko momentum areas during rapid volatility.
- Alerts added to indicator version: Change in Renko Trend Momentum (main trend flips), Pending Renko Trend Momentum Activation, Volatile Brick Production.
- New [MISC] areas added to modify the live target/stop/threshold labels and horizontal lines.
Release Notes
- Fixed Bugs.
Release Notes
- Fixed display bugs.
Release Notes
- Improved renko volatile brick production engine.
- Added Renko-RSI merge feature.
See Merge feature video here
Release Notes
- Updated copyright.
- Added member features.
Release Notes
- Updated strategy-backtesting.
Release Notes
- Fixed OB and OS merge labels.
Release Notes
- Updated member features.
Release Notes
- Added member features.
Release Notes
- Updated member features.
Release Notes
- Slight tweak to limit entry algorithm. If an entry is "missed" because the price bounced to fast, there is now a second opportunity to get into the trade under strict conditions.
- Updated display for OB/OS value/target areas.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact mortdiggiddy for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
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Warning: please read before requesting access.
Find the edge.
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.