[astropark - Premium] 1m Renko Scalper V2 [alarms]Dear Followers,
today a new Scalper Tool , which works great on 1 minute timeframe , which is the best and more secure timeframe to use on a Renko chart, besides it works great up to 15m (I don't suggest to use a renko chart over 15m timeframe)!
It is an upgraded version of Bitmex Renko Scalper that you can find in my tradingview script page.
This tool has some cool features:
it works on 1 minute timeframe : so you can enjoy high-frequency trading by using a 24/7 running bot;
wait bricks optional mode : you may like to make script wait for triggering a new signal by waiting 1 or 2 more confirmation bricks
trailing stop : you can set a trailing stop in trade, so script will alert you if it will be reached in chart
This strategy can trigger till 5 buy or 5 sell signals in a row before reverting, so use a proper money management .
Strategy results are calculated on the timeframe from july to now, so on about 4 months, using 10000$ as initial capital and working at 3x leverage (very safe leverage!).
The user who wants to use this strategy, especially via an automated bot, must always set a stoploss at 5% from entry point or use a proper risk management strategy .
This is not the "Holy Grail", so use it with caution.
This script will let you set all notifications you may need in order to be alerted on each triggered signals.
The backtesting script version of this indicator, which will let you backtest this script and find best settings for your preferred market, can be found here below:
On Bitmex XBTUSD chart best settings is Traditional Renko chart with 10$ box size.
This is a premium indicator , so send me a private message in order to get access to this script .
Renko
[astropark - Premium] 1m Renko Scalper V2 [strategy]Dear Followers,
today a new Scalper Tool , which works great on 1 minute timeframe , which is the best and more secure timeframe to use on a Renko chart, besides it works great up to 15m (I don't suggest to use a renko chart over 15m timeframe)!
It is an upgraded version of Bitmex Renko Scalper that you can find in my tradingview script page.
This tool has some cool features:
it works on 1 minute timeframe : so you can enjoy high-frequency trading by using a 24/7 running bot;
wait bricks optional mode : you may like to make script wait for triggering a new signal by waiting 1 or 2 more confirmation bricks
trailing stop : you can set a trailing stop in trade, so script will alert you if it will be reached in chart
This strategy can trigger till 5 buy or 5 sell signals in a row before reverting, so use a proper money management .
Strategy results are calculated on the timeframe from july to now, so on about 4 months, using 10000$ as initial capital and working at 3x leverage (very safe leverage!).
The user who wants to use this strategy, especially via an automated bot, must always set a stoploss at 5% from entry point or use a proper risk management strategy .
This is not the "Holy Grail", so use it with caution.
This script will let you backtest this script and find best settings for your preferred market. On Bitmex XBTUSD chart best settings is Traditional Renko chart with 10$ box size.
The alarms version of this indicator, which will let you set all notifications you may need in order to be alerted on each triggered signals, can be found by searching for "1m Renko Scalper V2".
This is a premium indicator , so send me a private message in order to get access to this script .
GM_EMA_CROSSINGThis is a simple Renko Strategy. The settings used were for Traditional (1.2) bars, tested on $SPX500USD. Around 70% profitable depending on timeframe, and bar size selected. Adjust the capital and suggested contract system depending on needs. The colored bars seen show blue for overbought conditions and pink for oversold conditions. If you like this strategy, please like and +rep!
Renko Dynamic Index ZonesThe goal of this indicator is to plot the Dynamic Index, Signal, and Histogram values "as if" the chart is a true price action based Renko chart. It can be used on a time series chart or Renko series chart. The Dynamic Index is derived from the raw price action of a time-based chart, where the historic and live price values are clustered into Renko bricks. The Renko brick production algorithm is entirely backed by Renko Overlay Ribbon and thoroughly tested. The Dynamic Index gets its inspiration from the Commodity Channel Index.
The algorithm takes into account rapid brick production within a single time candle and adjusts accordingly. The output may vary slightly between different chart time frames for the same indicator settings, but this is due to the lack of price fluctuation visibility that can occur in higher chart time frames. If the brick tick size is low, an appropriate chart interval should be selected that maximizes the amount of price volatility visible to the indicator. A bad setting would be something like a 1 tick EURUSD Renko setting on an H4 or Day chart, there simply is no way to derive the exact and ordered price fluctuations in a single candle, 1 pip at a time. A more appropriate chart time frame would be 1-5 minutes for this selected Renko brick size.
The difference between this indicator and the companion Renko Dynamic Index oscillator can be understood in the following video. The indicator plots the current Dynamic Index - Signal cross and Dynamic Index - Zero cross thresholds on the chart so that you know exactly where the most important crossing values are at all times. These can be used as a dynamic stop or a dynamic entry location for trades. The overbought and oversold dynamic zones are also plotted on the chart.
If you are interested in the RSI-RENKO DIVINE™ Strategy please have a look here:
Contact me in Trading View or telegram for more information and access instructions.
Renko Strategy with Ema against price crossover/underRenko Strategy with Ema against price crossover/under
Renko Bollinger StrategyIf you build Bollinger Bands from the values of Renko or Haken Ashi, then you can get an interesting strategy.
Lancelot vstop intraday trending strategyDear all,
Free strategy again.
I found using 3 volatility stop with different settings could be very helpful when trading an intraday trending market.
With the ATR setting or 5, 10, 15, we can weed out many false break.
Vstop setting is OHLC4.
On the other hand, this strategy also utilize Renko as part of the strategy, so you could say this strategy is mainly an intraday break out trend following strategy.
Works well on BTCUSD XBTUSD, as well as other major liquid alt Pairs.
And lastly,
Save Hong Kong, the revolution of our times.
Lancelot RR StrategyDear all,
Free strategy again.
This strategy consists of 2 indicators I think works well with each other as a trend following strategy.
The 2 indicators are Renko chart and Relative Vigor Index.
This is a long-only breakout strategy that aims to capture the majority of the trend.
Works well on BTCUSD XBTUSD, as well as other major liquid Pair.
Please acknowledge my effort by like and follow.
And lastly,
Save Hong Kong, the revolution of our times.
Use On Renko Chart - Cheap Entry Signals HI BIG PLAYERS,
in according of an enquiry from an user of tradingview I coded this script for free.
This script allows to identify a trend on the basis of higher high & higher low and lower high & lower low. And only after this fulfill conditions the entry signal comes out. The enquiry relates to Renko-charts, this is why it was build more usable on Renko-Charts.
In addition, it is possible to choise yourself the view of highest/lowest peaks and signals in the options.
Please give me a like to this indicator and of course: you are invited to follow me or visit my other scripts in relation to Wolfe Wave and Elliott Wave.
King regards
NXT2017
Renko MACD TrendThe goal of this indicator is to plot the MACD, Signal, and Histogram values "as if" the chart is a true price action based Renko chart. It can be used on a time series chart or Renko series chart. The MACD is derived from the raw price action of a time-based chart, where the historic and live price is clustered into Renko bricks. The Renko brick production algorithm is entirely backed by Renko Overlay Ribbon and thoroughly tested.
The algorithm takes into account rapid brick production within a single time candle and adjusts accordingly. The output may vary slightly between different chart time frames for the same indicator settings, but this is due to the lack of price fluctuation visibility that can occur in higher chart time frames. If the brick tick size is low, an appropriate chart interval should be selected that maximizes the amount of price volatility visible to the indicator. A bad setting would be something like a 1 tick EURUSD Renko setting on an H4 or Day chart, there simply is no way to derive the exact and ordered price fluctuations in a single candle, 1 pip at a time. A more appropriate chart time frame would be 1-5 minutes for this selected Renko brick size.
The difference between this indicator and the companion Renko MACD indicator can be understood in the following video. The indicator plots the current MACD - Signal cross and MACD - Zero cross thresholds on the chart so that you know exactly where the most important crossing values are at all times. This can be used as a dynamic stop or a dynamic entry location for trades.
If you are interested in the RSI-RENKO DIVINE Strategy please have a look here:
Contact me in Trading View or telegram for more information and access instructions.
Telegram: t.me
Daily Edge: www.daily-edge.com
Renko MACDThe goal of this indicator is to plot the MACD, Signal, and Histogram values "as if" the chart is a true price action based Renko chart. It can be used on a time series chart or Renko series chart. The MACD is derived from the raw price action of a time-based chart, where the historic and live price is clustered into Renko bricks. The Renko brick production algorithm is entirely backed by Renko Overlay Ribbon and thoroughly tested.
The algorithm takes into account rapid brick production within a single time candle and adjusts accordingly. The output may vary slightly between different chart time frames for the same indicator settings, but this is due to the lack of price fluctuation visibility that can occur in higher chart time frames. If the brick tick size is low, an appropriate chart interval should be selected that maximizes the amount of price volatility visible to the indicator. A bad setting would be something like a 1 tick EURUSD Renko setting on an H4 or Day chart, there simply is no way to derive the exact and ordered price fluctuations in a single candle, 1 pip at a time. A more appropriate chart time frame would be 1-5 minutes for this selected Renko brick size.
Please find the following video introduction helpful for this indicator and the Renko MACD Trend indicator:
If you are interested in the RSI-RENKO DIVINE Strategy please have a look here:
Contact me in Trading View or telegram for more information and access instructions.
Telegram: t.me
Daily Edge: www.daily-edge.com
[RESEARCH] Chart Type IdentifierA viable and workable concept of chart type identification using Pine Script.
Was wollen wir trinken , sieben Tage lang
Was wollen wir trinken, so ein Durst!
Was wollen wir trinken, sieben Tage lang
Was wollen wir trinken, so ein Durst!
Alnami_Quantum_blocks v.11The (Al Nami Quantum Blocks v.11) script is based on Renko chart that is based on % move of the selected symbol. This is different from the traditional or ATR based Renko charts..
box size = user selected percentage x current price
Alnami Quantum Blocks Channel is composed of 5 levels that are calculated based on the box size:
1- Base
2- Green Box High (GBH) = Base + box size
3- Next Green Box trigger (GBN) = base + (box size x 2)
4- Red Box Low ( RBL ) = Base - box size
5- Next Red Box trigger ( RBN ) = base - (box size x 2)
Those levels will appear in the chart with the following order:
------GBN-------
------GBH-------
------BASE------
------RBL-------
------RBN-------
Usually when prices are trending up, the price will stay above the base for most of the time,, when it trending downwards, price stays below base most of the time..
Now how to time your entries based on the channel?
This strategy draws two levels, breakout level (top red line) and stop level (bottom green line).
If the price is above red line, place a buy order
If the price is below the green line, place a sell order
In version 11 of the Quantum blocks, you can choose to make the those two lines drawn using:
recent/near term price actions (less accurate) and fast - set the number of Legs to low value
or
wider term price actions (more accurate) and slow - set the number of Legs to high value
This version also tracks the last three changes for the red and green lines as following:
1- Above, Above, Above = 3
2- Above, Above, Below = 2
3- Above, Below, Below = 1
4- Below, Below, Below = 0
I did run full optimization for the settings of this strategy on Bitcoin (Binance:BTCUSDT) for the following multiple time frames using Amibroker scrips and data downloaded from Binance through a REST API call. The TFs were for 1min, 15min, 30min, 45min, 90min, 120min, 180min, and 240min.
pair Input Settings
btc TF Profit% Sys DD% Trade DD% sharpe% # Trades Win% Wave% # of Legs up lo
1 204 40.16 15.04 1.33 132 40.15 1.5 4 3 3
15 249 35 14.3 2.96 35 51.43 1.8 3 1 3
30 469 28.95 14.04 3.82 34 67.65 1.4 3 1 3
45 712 54.48 23.3 2.49 46 54.35 1.7 3 3 3
90 1114 40.51 21.41 3.3 48 54.17 1.4 2 3 3
120 602 25.32 16.8 2.82 51 43.14 1.2 2 3 3
180 960 35.9 20.09 3.33 42 52.38 0.9 2 2 3
240 819 46.84 28.27 3.48 46 65.22 0.6 2 3 3
I spent a lot of time and resource in providing the above, If this script/back tests helped in making some profits, then kindly express your appreciation and support to this work by sending some altcoins to any of the following wallets, this will encourage me sharing more stuff with the public:
BTC : 15VLCLZRkEhhZn6E4gNjMLVYnmCcUzKvWU
LTC : LN6mE6aZhEqVVfssmaQ3kk8PPspWQ5wToy
ETH : 0x7901035f2b6f334fa404d0ceb187d7bfcfdb72ce
[RESEARCH] Renko Chart IdentifierDespite I am not a big fan of Renko I spent some time to solve a common problem of chart type identification using absolutely obvious technique: Renko bricks have the same size. That's all. Not a cutting-edge maths.
This tool allows to identify:
ATR Renko charts (see ^)
Traditional Renko charts
Here is example for Traditional Renko:
It also works correctly with other chart types:
Classic Candles
Heikin-Ashi
Kagi
PnF
Range Bars
Remember @everget !
And pay attention to the license before use)
Trading Temple Trend Tracker Renko v1Trend Tracker to be used for trades following the current trend.
To be used with Renko bricks based on ATR and intraday charts (below 1D)
Cold 𝕃𝔼𝔾𝕆MA Ribbon
An Attempt For Smoother trend
Optional next candle forecaster for ma and its signal
Optional MA from coloring experimentation
Renko Plot StrategyThis strategy lets you plot Renko open and close values, based on your preferred Renko size brick, on normal candle chart. You can use it on any timeframe, define your preferred brick size and trailing stop.
Renko Overlay RibbonThis script has been moved to protected from this location
due to mishandling on multiple trading platforms. Since I have proprietary strategies built on this code, it has caused me to make it protected. This is not an Invite Only script anyone can use it, however the source code is no longer visible.
All calculations are performed against calculated Renko bricks form a price chart. The engine that drives this script is complex, but robust. It attempts to garner the order of nested Renko bricks inside a time candle when multiple bricks are produced. I call these "volatile bricks". In a normal Renko chart where tick data is used, this would be displayed as rapid brick production on the screen.
It is important to choose an appropriate time frame when in Traditional mode. Setting the ribbon to 1 pip on EURUSD using a Day chart is not wise, because there is no way to know just how many 1 pip bricks were produced and in which up/down sequence. ATR mode is different because the bricks are constantly changing in size, adapting to the current ATR of the chart time interval.
Please view these old videos taken from the original page for questions on why this indicator was created in the first place:
My strategy built on this indicator can be found here:
Multiple indicators based on renko bricks on time charts can be found here (they also work on renko charts in Trading View). These are special scripts that use this indicator as the engine to generate indicators "as if" you were operating on a Renko chart.
PM for questions, enjoy.
