Here is a version of my Renko script but with percentage-based Renko brick sizes instead of ATR or static brick sizes. This way, you can add dependable alerts that won't need to be adjusted due to fluctuating ATR values but also allows you move through different charts without having to adjust your Renko Brick-sizes for each ticker.
To use: The Renko size...
update:
As far as my algorithm design will take me this is it. So It's complete in my eyes. Here is a "working" version of something I've been looking for for a long time: "Flex" Renko Charting.
Bricks' sizes are determined by ATR and are set by simply choosing a resolution for the ATR calculation. No need to go in and choose renko granulation(resolution) AND...
CM_Renko Overlay Bars V1
Overlays Renko Bars on Regular Price Bars.
Default Renko plot is based on Average True Range. Look Back period adjustable in Inputs Tab.
If you Choose to use "Traditional" Renko bars and pick the Size of the Renko Bars the please read below.
Value in Input Tab is multiplied by .001 (To work on Forex)
1 = 10 pips on EURUSD - 1 X .001 =...
![EURUSD: [RS]Renko Stop and Go V1](https://s3.tradingview.com/x/XxbyNbFu_mid.png "[RS]Renko Stop and Go V1")
![EURUSD: [RS]Renko RSI V0](https://s3.tradingview.com/s/S7kIyA8E_mid.png "[RS]Renko RSI V0")
![EURUSD: [RS]Renko Mod](https://s3.tradingview.com/c/CPz7f5iW_mid.png "[RS]Renko Mod")
