PROTECTED SOURCE SCRIPT
HENKO (Renko + HeikinAshi) -- No Repaint
Updated
This particular work is completely mine.
I have not used anyone else's code (not even a fragment).
Parts of the code are used from Open Source library linking to investopedia.com/trading/heikin-ashi-better-candlestick/ and TradingView's example section at tradingview.com/wiki/Non-Standard_Chart_Types_Data.
The above sources have been used to get Custom Heikin Ashi Candles.
Calculations on Renko bars is completely on me as I have used Daily close and open values to build my own Renko Candles.
Custom Bricksize for Float values has been made available in this public version.
I take no responsibility for the performance of this indicator as I have completely turned off the Repainting in this version of my script.
I am publishing the script for Public use.
I'll be releasing updates for this script in future as the performance is somewhat acceptable.
Profit Factor will decrease with bigger backtest data.
NO REPAINTING issues shall be reported at all costs as the tradingview's default Time based renko has been completely discarded, thus making it rely on its own.
Be advised that as the Renko Bars are calculated at 00:00 UTC, you're not supposed to mess with the timing in the script, unless you're working with Stock markets where it is important that you set your day start and end precisely.
You can play with the Brick Size to see what's more beneficial for you.
No Repaint RENKO
NOTE:= PERFORMANCE OF THIS INDICATOR DEPENDS UPON THE BRICKSIZE OF RENKO BARS.
I have not used anyone else's code (not even a fragment).
Parts of the code are used from Open Source library linking to investopedia.com/trading/heikin-ashi-better-candlestick/ and TradingView's example section at tradingview.com/wiki/Non-Standard_Chart_Types_Data.
The above sources have been used to get Custom Heikin Ashi Candles.
Calculations on Renko bars is completely on me as I have used Daily close and open values to build my own Renko Candles.
Custom Bricksize for Float values has been made available in this public version.
I take no responsibility for the performance of this indicator as I have completely turned off the Repainting in this version of my script.
I am publishing the script for Public use.
I'll be releasing updates for this script in future as the performance is somewhat acceptable.
Profit Factor will decrease with bigger backtest data.
NO REPAINTING issues shall be reported at all costs as the tradingview's default Time based renko has been completely discarded, thus making it rely on its own.
Be advised that as the Renko Bars are calculated at 00:00 UTC, you're not supposed to mess with the timing in the script, unless you're working with Stock markets where it is important that you set your day start and end precisely.
You can play with the Brick Size to see what's more beneficial for you.
No Repaint RENKO
NOTE:= PERFORMANCE OF THIS INDICATOR DEPENDS UPON THE BRICKSIZE OF RENKO BARS.
Release Notes
1. Added HeikinAshi Candle Plot2. Refined performance
3. verified working with separate pairs and indicators.
4. Removed RSI
Release Notes
TP Level added with performance driven BrickSize (eidtable)
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.