Inizia

Renko

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.
Indicatore Pine Script®
di mortdiggiddy
3
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.
Strategia Pine Script®
di Lancelot_Augur
2
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.
Strategia Pine Script®
di Lancelot_Augur
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
Indicatore Pine Script®
di NXT2017
6
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
Indicatore Pine Script®
di mortdiggiddy
3
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
Indicatore Pine Script®
di mortdiggiddy
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
Strategia Pine Script®
di anas_algo
2
[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)
Indicatore Pine Script®
di everget
11
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.
Indicatore Pine Script®
di mortdiggiddy
1
[ssabu] Renko Chart✅ Renko Chart Indicator 실시간으로 캔들 차트를 렌코차트로 바꿔서 배경에 렌코차트를 자동으로 그려주는 인디케이터 입니다. It is an indicator that automatically draws a Renko chart in the background by changing the candle chart to a Renko chart in real time. 위의 사진은 캔들차트를 렌코로 바꾸고 해당 인디케이터를 적용한 스크린샷 Above picture is a screenshot of changing the candle chart to Renko and applying the indicator
Indicatore Pine Script®
di ssabu
160
RenkoMasterRenkoMaster is a variant of our popular TrendMaster Script with adjusted parameters. It can be used to provide confluence when determining Renko entries and exits. Setting Up The Indicator After purchase, open the TradingView indicator library. Under the Invite-Only Scripts section, you will see RenkoMaster. Add it to your chart. Next, you must customise your theme settings to allow RenkoMaster to take over control of your candle colours. You can find a complete set-up tutorial on our website. Candle Colours By default, RenkoMaster will colour your candles in black and white. White candles indicate an uptrend in an asset and the candles will not change colour until the trend has reversed and a counter-trend signal has been printed. Black candles indicate a downtrend, they will remain black until a counter-trend long signal candle has been printed. Signal candles A signal candle is printed when the price of an asset closes above or below the moving average cloud and the medium term trend moving average. By requiring two criteria for a single candle to print we will see a drastic reduction in the number of false signals. The RenkoMaster entry technique further reduces the likelihood of false entries. To enter a trade we do not buy the signal block immediately. Instead, we treat the signal block as an indication that a trend change is possible. We want to see confirmation of this trend before making an entry. To enter we place a pending order a few ticks above or below the high or low of the signal block. By doing this we only enter a trade when the asset has shown a continuation in the direction of the suggested trend change. Our Story Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses. IchimokuScholar IchimokuScholar – In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders. C00kie I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
Indicatore Pine Script®
di TrendMasterPremium
2
Renko Weis Wave VolumeA volume bulls vs bears power indicator that is based entirely on Wyckoff Weis Wave Volume trends. This indicator is part of my DIVINE series RENKO indicators that run on an engine capable of extracting Renko brick information from a time series. As with the Renko RSI and Renko Trend Momentum indicators, swapping between Renko and time series type charts(bar, candlestick , heikin ashi) is seamless. The algorithm uses the cumulative volume sum during the lifetime of a Renko brick formation. It tries hard to dissect and distribute volume when multiple bricks are formed during a single time candle (bar, candlestick , heikin ashi). Both positive and negative volume are plotted simultaneously, so that any instance where multiple bricks are created in a single time candle, positive and negative volume will be shown. 4 color themes as with all of the other DIVINE series indicators and strategies. Shows ares of accumulation, distribution, capitulation. volatility . Shows volatile brick locations with counts that indicate the number of nested bricks that were contained in a single time based candle. Works well with Renko Price Bars Overlay script. Reference to explanation of volatile brick information tips. All feature requests are welcome. PM for access.
Indicatore Pine Script®
di mortdiggiddy
16