Renko charts are awesome . They reduce noise by only painting a brick on the chart when price moves by a specified amount up/down. When the price reverses, it must go twice the specified amount before a brick is painted. Time is not a factor, just price movement. Sometimes however, you want the pros of a renko chart, but on a regular candlestick chart. This...
A very simple and basic renko indicator for any time frame and ticker. Please be aware, the minimum value for traditional renko box size = 0.0001 so if you are using this indicator for trading with cryptocurrencies, it might be better to use ATR for that. Can be merged together with main chart for better performance. Consider a tip if you find this helpful BTC:...
Custom strategy that was developed for a Backtest-Rookies development service customer. Published for verification, testing and acceptance. If you are interested in development services send me a message or visit the backtest-rookies (.com) webiste for more information Consecutive Up/Down Days - Custom Indicator The indicator builds upon the built-in...
This is a script to place Renko candles on your chart alongside another candle type or more importantly, using the variables from this script, you can build a strategy using Renko candles that will depict true/proper entries and exits in a strategy when using the backtest feature. We hope this helps!
This "Study" project has been created by request and is used in conjunction with the "Strategy" version. *** EXPERIMENTAL *** *** USE AT YOUR OWN RISK *** Description: 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...