This is what Woodie calls MCCI, a band of moving averages.
The name MCCI means Moving Commodity Channel Index, although it's one of the rare woodies original indicators (shame on you woodie lol) he suggests that the relation between the bars or price with the bands are something like the movement of the CCI indicator. I can't accept that. For me, these bands...
Before we start, to Trading View Developers :
1- Give us a command to get projection bar's current value, close gives the last bar's closed value not the real time market price
2- Why indicators and Oscillators can't update themselves on the projection values? It doesn't make sense, YOU are drawing the projection but won't let indicators / Oscillators update...
Renko scalping indicator based off Vdub Renko SniperVX1 v1. Major addition is requiring confluence of MACD signal for opening position + alerts for entering long/short positions.
Important: use Traditional setting with Renko. Box Size and timeframe are the two most important settings to optimize for.
Suggestions:
Pair Box Size Timeframe
EURCAD ...
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Renko scalping strategy. Paid TV subscription required to use Renko candles. For use with forex, crypto, stocks, anything, on any TF. Primary variables to tune are TF and Box Size (use Traditional setting).
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...
Buys and sells make relative ripples in the market that can be leaned into for the trader's advantage. In order to get the most out of these ripples we need to consider space (price) as much as time. Renko charts with traditional box sizes (representing about a 0.4% move) can help us to achieve this.
This strategy is a drop in the cosmic bucket compared to what's...
// 2 HOURS
// -------------------------- BUY --------------------------
// 1. MUST: Set Time_Frame To 1D
// 2. STRONG: Any Green Signal!!
// -------------------------- SELL -------------------------
// ON THE FIRST Red SIGNAL
![XBTUSD.P: Renkonator 5000 [IND]](https://s3.tradingview.com/g/GJVMpxIG_mid.png "Renkonator 5000 [IND]")
![EOSBTC: [AGHYAD]Renko+Sniper+EMA_V1](https://s3.tradingview.com/w/WzBGI4cx_mid.png "[AGHYAD]Renko+Sniper+EMA_V1")
![IOTABTC: [AGHYAD]EMA-CROSS+CCI_BASED_ON_RENKO](https://s3.tradingview.com/b/BNiXD2xk_mid.png "[AGHYAD]EMA-CROSS+CCI_BASED_ON_RENKO")