PROTECTED SOURCE SCRIPT

MestreDoFOMO RENKO Sushy System v6

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🔍 What is this script?
The MestreDoFOMO RENKO Sushy System is a visual tool developed to help traders better interpret the market trend based on a Renko logic adapted to traditional candlestick charts.
It does not use TradingView's native Renko chart, but rather a simulation of Renko behavior, calculated dynamically in real time, adapting to the percentage movement of the price.

🧠 How does it work?
The script uses a Renko simulation with an adjustable percentage base (Renko Size), allowing the trader to define the size of the virtual "blocks" or "bricks" in % of the price. This logic creates a dynamic trend line that changes direction only when there is a sufficient variation in the price — filtering out noise and helping to focus on the prevailing direction.

When a change in direction occurs, a visual signal is displayed on the chart:

💲 Buy signal, when the trend changes from bearish to bullish

👹 Sell signal, when the trend changes from bullish to bearish

These signals are not automatic trading alerts, but rather visual periodic signals based on the internal logic of the system.

📈 Why do we include EMAs (20, 50 and 200)?
Exponential moving averages (EMAs) are widely used in technical analysis as supporting tools for understanding market structure:

EMA 20: A short-term indicator, useful for capturing recent movements.

EMA 50: Considered an interactive trend average, often used as dynamic support/resistance.

EMA 200: A long-term reference, often used to identify the "bigger direction" of the market.

EMAs are indicated in the script and can be enabled or disabled according to the user's preference. They are not part of the signal logic — they serve only as visual and contextual support to assist the trader's manual analysis.

📋 Included features
✅ Renko logic adapted to the candlestick chart, with sensitivity control in %

✅ Trend line based on the current Renko direction

✅ Visual signals of trend change (buy/sell)

✅ Option to enable/disable EMAs 20, 50 and 200

✅ Information panel with trend status, EMA values ​​and current parameters

✅ Customizable trend change alerts

✅ Background color to strengthen the direction (green = high, red = low)

🛠 How to use?
Choose the timeframe: Works best on timeframes longer than 1 hour (e.g. 1H, 4H, Daily).

Adjust the Renko size (%): Try starting with 1% and adjusting according to the asset (crypto, forex, etc.).

Decide whether to use EMAs: Only activate if you want additional context.

Observe the signals and the trend line: They are useful for detecting possible reversals or confirmations of movement.

Combine with other elements: This system is a support tool. For best results, use it in conjunction with price action, liquidity zones or other complementary indicators.

⚠️ Important notice
This script does not execute orders or make automatic decisions. It is an educational and visual tool created to help read the trend in a clean and simple way.

No guarantee of past or future performance is provided. Use is at the sole risk of the user.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.