Renko UT Bot Strategy v6 - ADX Filter

Description:
This script implements a Renko-based trailing stop strategy using the UT Bot method, now enhanced with an optional ADX and DI+/- filter to help avoid choppy, low-momentum market conditions. Trades are triggered only when price and EMA cross the adaptive trailing stop and ADX/DI conditions are also met.

USE:
Start the indicator on a Renko chart and optimize settings for prefered choosen chart

https://www.tradingview.com/x/YsIMAdTX/

https://www.tradingview.com/x/tEs5Ul02/





https://www.tradingview.com/x/0vRvMenx/

Key Features:

Adaptive ATR trailing stop based on Renko logic

EMA/Trailing Stop crossovers for entries

Adjustable ADX and DI+/- filter (no signals if conditions aren’t met)

Visual stop line and trade labels on the chart

Customizable inputs for ATR, EMA, and filter levels

Disclaimer:
This strategy is provided for educational and research purposes only. It has not been tested in live trading or with real money. The past performance of this script does not guarantee future results. Trading involves substantial risk, and you can lose all or more of your investment.
Before considering any real-money use, please test the strategy thoroughly on a demo account or in TradingView’s paper trading environment.
This script is not financial advice. Consult with a licensed financial advisor before making trading decisions.

Author PDK1977