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:...
1. MUST: RENKO ATR 2 YELOOW
2. STRONG: SNIPER 8,8 BUY SIGNAL
3. WEAK: TZ 6,6 BUY SIGNAL
========= SELL =========
1. STRONG: SNIPER 8,8 SELL SIGNAL
2. WEAK: TZ 6,6 SELL SIGNAL
3. WEAK: RENKO ATR 2 RED
=========NOTE=========
RENKO > SNIPER > TZ
6 minutes ago
the sniper buy signal is now based on renko
Sorry I have had trouble getting the TradingView to point to the "Alerts" script instead of the "Backtest".
This is the Alerts part of this pair of Scripts. This part creates alerts to be picked up by the Chrome Add-on.
This is an implementation of a strategy based on two MA Ribbons, a Fast Ribbon and a Slow Ribbon. This strategy can be used on Normal candlestick charts or Renko charts (if you are familiar with them).
The strategy revolves around a pair of scripts: One to generate alerts signals for Autoview and one for Backtesting, to tune your settings.
The risk management...
Latest version. Nobody gave me feedback and managing requests to add people became a PITA. Enjoy.
I like money, you like money, this set up has the potential to make a LOT of it. That being said, I do NOTmake any warranties of this making you money, nor do I guarantee you will NOT lose money. In the end, you're the one configuring it and interpreting the results....
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This strategy is invite only. Please request an invite in comments below and if you like click the like button.
A least squares filter using the Auto line as source, practical for noise removal without higher phase shift.
Its possible to create another parameter for the auto-line length, just add a parameter Period or whatever you want.
r = round(close/round)*round
dev = stdev(close,Period)
Hope you enjoy :)
An indicator inspired by the Renko chart.Instead of using a static box size we use standard deviation, this make the indicator more reactive to the market state.
If the indicator show no values then you have to round the price to the nearest integer, for that use the round parameter.
Hope you enjoy :)
Private strategy created for and in collaboration with TV user: kaiji_
This strategy employs either a Renko or Linebreak version of the current tickerid and places orders based on configurable criteria, optionally increasing winning positions as long as they remain profitable before closing on trailing stops.
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 puts a Renko overlay on the main chart, and then plots moving average lines on the overlaid Renko Candles instead of the regular candles. This allows for accurate backtesting of Renko strategies.
VERY early release of KTS for those who have contributed to the early efforts of the upcoming Kawaii Trading Suite package.
When you first add this to a chart- nothing will happen. You need to enable the features you want in the indicator's settings menu. Many of these are based off of indicators i've already published (and are linked for in-depth description)....
I like money, you like money, this set up has the potential to make a LOT of it. That being said, I do NOT make any warranties of this making you money, nor do I guarantee you will NOT lose money. In the end, you're the one configuring it and interpreting the results. Providing that you DO set it up correctly and it makes you obscene amounts of money, ...
I like money, you like money. You'll have to do a considerable amount of configuration. As of right now, I'm using just the last two sets (confirming and Big Picture) on the input page and the last 4 color bars that correspond to those two sets on the style page.
// Shows the price renko bars (or range bars) instead of the PERIOD renko
// bars that are integrated into Trading View. The normal renko bars that
// Trading View offers only consider the drawing of a new brick when the
// price closes above or below the required brick size. This can produce
// misleading charts since depending on the time interval of a chart,...
An overlay for any chart telling you when Renkos are changing direction.
Does offer some slight additional noise over traditional Renko charts in backtesting, but this is due to the way the actual Renko chart repaints and NOT due to errors in my script (nor is it something fixable, as far as I'm aware).
You need access to Renko charts to use this indicator.
Volume substitute for those who prefer to use the XBT ticker. Renko on a small time scale is a good option, but lacks wicks.
Can be used as a non-overlay indicator by detaching. Differences are more visible on large time scales, or on Renko.
Possible future changes:
Make the columns more volatile
Change column color based on previous column's value
...
![ETHBTC: [Autoview][Alerts]Dual MA Ribbons R0.12 by JustUncleL](https://s3.tradingview.com/b/byHd2CqX_mid.png "[Autoview][Alerts]Dual MA Ribbons R0.12 by JustUncleL")
![ETHBTC: [Autoview][BackTest]Dual MA Ribbons R0.12 by JustUncleL](https://s3.tradingview.com/k/KpbbCOzp_mid.png "[Autoview][BackTest]Dual MA Ribbons R0.12 by JustUncleL")
![XLMBTC: KTS 0.1a [BETA]](https://s3.tradingview.com/i/I4NGTkbG_mid.png "KTS 0.1a [BETA]")
![XBT: BFXLS Volume Substitute Overlay for BitMEX[NB]](https://s3.tradingview.com/z/zF8MoO6r_mid.png "BFXLS Volume Substitute Overlay for BitMEX[NB]")
