Cerca negli script per "renko"
Renko Chart EmulationRenko charts are a popular tool in technical analysis, known for their ability to filter out market noise and focus purely on price movements. Unlike traditional candlestick or bar charts, Renko charts are not time-based but are constructed using bricks that represent a fixed price movement. This makes them particularly useful for identifying trends and key levels of support and resistance. While Renko charts are commonly found on platforms with specialized charting capabilities, they can also be emulated in Pine Script as a line indicator.
The Renko emulation indicator in Pine Script calculates the movement of price based on a user-defined brick size. Whenever the price moves up or down by an amount equal to or greater than the brick size, a new level is plotted, indicating a shift in price direction. This approach helps traders visualize significant price moves without the distractions of smaller fluctuations. By plotting the Renko levels as a continuous line and coloring it based on direction, this indicator provides a clean and straightforward representation of market trends.
Traders can use this Renko emulation line to identify potential entry and exit points, as well as to confirm ongoing trends. The simplicity of Renko charts makes them a favorite among those who prefer a minimalist approach to technical analysis. However, it is essential to choose an appropriate brick size that aligns with the volatility of the trading instrument. A smaller brick size may result in frequent signals, while a larger one can smooth out the chart, focusing only on the most substantial price movements. This script offers a flexible solution for incorporating Renko-style analysis into any trading strategy.
[astropark] Renko OBV divergencesDear Followers,
today a new great Scalper Tool , based on Ob Balance Volume (OBV) oscillator, which works from 1 minute timeframe Renko chart , which is the best and more secure timeframe to use on a Renko chart. But of course it works great on all timeframes (included the 1D timeframe), both on FOREX and on Cryptocurrencies!
This tool has some cool features:
it works on all timeframes , starting from 1 minute: so you can enjoy high-frequency trading by using a 24/7 running bot and a proper money and risk management strategy
it shows you both bullish and bearish divergences with a triangle up or down respectively
when it finds a strong bullish/bearish divergence , a flag will be displayed instead of a triangle
This script will let you set all notifications you may need in order to be alerted on each triggered divergence.
You may like to use it together with my Renko Scalper V2
and my Renko RSI Divergences indicator
On Bitmex/ByBit/Binance Bitcoin/USD chart best settings is Traditional Renko chart with 10$ box size, while 0.5$ box size is suggested on Ethereum/USD pair.
This is a premium indicator , so send me a private message in order to get access to this script.
Head and Shoulders - Quasimodo etc Pattern Recognition RENKODisclaimer: Only use this pattern recognition on a RENKO chart. Renko charts plot different than traditional candles and therefore do not represent all price moves. There is a possibility of repainting while using ATR based renko charts so past results are not a 100% accurate representation of future results. Use this indicator as a part of your strategy and not as your only means of obtaining gains in the market.
Hello traders, it has been said time and time again that algorithmic software is unable to identify complex market structure like head and shoulders, quasimodo, triangle patterns and other methods humans use to base their trading decisions on. With this indicator I intend to completely crush that assumption and prove that it actualy is possible. Ofcourse an indicator is less likely to find all variation on a chart pattern and a human is probably still your best bet in finding these patterns early.
That is wy this indicator does not only use textbook patterns and has 7 variation on head and shoulders build into it. I will keep updating this indicator if I see it missed some crucial patterns. Right now it has a total of 38 patterns build into it with them being grouped under specific names. Feel free to turn off any pattern you do not like to see.
Renko patterns solve the problem of time and chaos in the markets which have been the biggest hurdle in pattern recognition software as the amount of variations to account for is just too great a number. With this script using renko it will soon be able to identify any pattern in the market and I plan to add Wyckoff to it in the future, right now I have a beta version of Wyckoff build into it but planning to add better version of it in the future. The amount of variations on Wyckoff is quite extreme so it will take a very long time to get an optimised Wyckoff identification system.
If you do not want to miss patterns I recommend to use a multi chart aproach so that you can find patterns in multiple renko brick sizes at the same time to find more entrys.
Feel free to comment any pattern you want me to add and let's make the most dedicated pattern recognition software on this platform.
Regards
HonestCowboy
MestreDoFOMO Renko Underground v4.0Description:
The "MestreDoFOMO Renko Underground v4.0" is a custom indicator for TradingView that creates a dynamic Renko chart to help identify trends and reversal points in the market. Unlike traditional candlestick charts, Renko focuses solely on significant price movements, ignoring time and market noise. This script includes advanced features like support and resistance channels, moving averages, and alerts to assist with your trading decisions.
How It Works:
Dynamic Renko Bricks:
The brick size (price units to form each "box" on the chart) is calculated automatically using the ATR (Average True Range) with an adjustable multiplier. This means the size adapts to the asset's volatility (e.g., BTC/USDT). When the price moves up or down by the brick size, a new brick is created (green for up, red for down).
Reversal Signals:
Green triangles (🔼) appear below bars when the trend shifts to bullish, and red triangles (🔽) appear above when it shifts to bearish. These signals only appear on direction changes, reducing false signals.
Renko Channel:
The script draws two lines (green for resistance and red for support) based on the highs and lows of the last 10 bricks (or the value you set). This helps identify key price zones.
Moving Average on Bricks:
An orange line shows the moving average (EMA or SMA, your choice) of the last 20 bricks, helping confirm the overall trend.
Alerts:
You can set up alerts in TradingView to be notified when the trend shifts to bullish or bearish, perfect for active trading.
Visualization:
A gray dashed line shows the level of the last brick, providing a clear reference for the next expected move.
How to Use:
Add the indicator to your chart (e.g., BTC/USDT 1D).
Adjust parameters like the ATR multiplier, channel length, and moving average type in the settings menu.
Watch the bricks and signals to identify trends, and use the channels and moving average to plan entries and exits.
Enable alerts to receive real-time notifications.
Tip:
Test on different timeframes (1H, 4H, 1D) and adjust the ATR multiplier to match the volatility of the asset you're trading. Combine with other indicators (like RSI) for better results!
[astropark] Renko RSI divergencesDear Followers,
today a new great Scalper Tool , which works excellent from 1 minute timeframe Renko chart , which is the best and more secure timeframe to use on a Renko chart. But of course it works great on all timeframes (included the 1D timeframe)!
This tool has some cool features:
it works on all timeframes , starting from 1 minute: so you can enjoy high-frequency trading by using a 24/7 running bot and a proper money and risk management strategy;
it shows you both bullish and bearish divergences with a triangle up or down respectively
when it finds a strong bullish/bearish divergence , a flag will be displayed instead of a triangle
This script will let you set all notifications you may need in order to be alerted on each triggered divergence.
You may like to use it together with my Renko Scalper V2
On Bitmex/ByBit/Binance Bitcoin/USD chart best settings is Traditional Renko chart with 10$ box size, while 0.5$ box size is suggested on Ethereum/USD pair.
This is a premium indicator , so send me a private message in order to get access to this script.
[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 .
alpha Renko intraday wave timeI was asked to share my experimental Renko intraday wave time. So here it is warts and all. The same for the rest - except the Weis cumulative volume.
Renko wave time is in minutes. This script is strictly intraday and has not been played with extensively.
You must use traditional Renko and set the script wave size to the same size as the Renko brick size.
If you click on the sideways wishbone or "V" in the middle upper part of the chart you will get all of the scripts in this particular sandbox. After clicking the sideways wish bone click on "make it mine". You will then have the whole sandbox. The only published script is the Weis cumulative wave.
The "Boys MAs" is supposed to be a script for daily charts and from within some kind of consolidation. In any case I am intrigued by some signals. You have a variety of sandbox options in the format section of the boys MAs.
These codes are pretty rough with lots of abandoned lines of script.
CM Renko Overlay BarsCM_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 = .001 or 10 Pips
10 = .01 or 100 Pips
1000 = 1 point to the left of decimal. 1 Point in Stocks etc.
10000 = 10 Points on Stocks etc.
***V2 will fix this issue.
Tick Renko Chart - Percent BasedA Renko Tick chart based on continuously adjusting percentage.
Live Renko bricks formed by tick data
Adjustable brick width
Outline mode, or line mode for more bricks
Scalp with a Renko, get weird.
The settings can and will break the script if you turn them up too high. Turning off outline mode will not look as nice, but can potentially allow for a larger number of bricks.
Renko Blocks (Auto Box Size + Advanced Options)
Renko Blocks indicator with auto box sizing and display options:
Box Size Methods:
Traditional (manual)
ATR-based
% of Price
Range-Based
Optional: Adaptive adjustment based on volatility
Display Options:
Chart label
Data window
Enhanced/Simple table with stats (LTP %, trend direction, brick strength, adaptive factor)
Custom table positions
Renko Logic:
Plots real-time Renko blocks on standard price charts
Tracks direction and consecutive bricks
Alerts on trend change
Visual Customization:
Bull/Bear block colors
Wick and border coloring
Renko Emulator - Rev NR - Released - 12-29-22Renko Emulator - Rev NR - Released 12-29-22
By Hockeydude84
Simple script to Emulate Renko Charting behavior on standard candle stick charts. Code provide capability to select between standard(ish) Renko bricks (in this code it's defined by percent vs ticks/value), or an ATR brick option. For ATR bricks, the code provides an option to inhibit emulator movement (formation of new bricks) by providing a minimum threshold that must be present. This threshold is the "Standard Brick" input (the input pulls double duty). Code also provides multiple plotting options.
Use the code to help see trends and reduce the chop/erroneous data. Also helps to identify where trend deviations are present.
Ma'RenkoMa'Renko is simple, yet powerful trading system designed to help scalpers who use Renko charts (including ATR-based, but it should work with any type of candles as well). The thickness of color bands represents different trend characteristics (mostly volume and speed of price changing) which allow a trader to filter out false pivot points, enter and exit more wisely. The chart speaks for itself.
Unit Renko Box SizeThis is a simple script that shows two averages for box size on Uni Renko system for users to use.
The user should use the green line (Box Size) that is more persistent in the last hour. if there are equal minutes between two numbers, use the upper number.
Now users can easily check the timed candle sticks at the start of the day for three time frames we use in my methodology, set the box size for the charts at the start of the day and continue trading the whole day.
The charts now will sit on "traditional" setting rather than previously used "atr", no thanks to trading view's amazingly wrong way of calculating renko !!!!
HA,Renko, Linebreak,Kagi and Average all Charts Layouts in One This is an educational study, using the security functions provided by @PineCoders(big thanks to them for creating this ) in order to see the difference between multiple candle close plots using:
Heikin Ashi
Renko
Linebreak
Kagi
Average of them all.
Both the different securities and the average can be used as a source for different indicators like moving averages or oscillators getting with them some new and unique opportunities.
If you have any questions, let me know !
Tick RenkoTick Renko, bars are formed on live chart.
note:there is a issue that creates artifacts while there is not enough history loaded.
Brick count (Renko)Brick is a part of Renko chart. It is reasonable to think, that is the number of green brick is higher than the number of red brick then the trend is bullish. This indicator plots the relative number of red bricks vs green bricks.
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)
Renko Momentum IndicatorRenko is a technique of measuring price without time.
Since time is removed, all we're focusing on is trends/price direction without the noise.
This indicator is meant to serve as an oscillator for trend with alerts for buy and sell.
Playing the FTX Moon/Doom, configure your settings as follows:
Traditional
Price * 10%. This gives longer scalps.
Price * 1%. This gives quick plays.
Wait for the indicator to print a buy signal. If it's beyond OB/OS, wait for the EMAs to start moving back into range. Buy on the breakout of this.
I'll potentially add an alert for this in the future.
I recommend forward testing this until you understand it.
Renko Supertrend-Renko bricks filter out the noise of candles, giving a clear trend
-Uses HullMA for confluence. HullMA is an adaptive moving average with minimal latency
-Autoview support for full automated trade execution
-Works incredible at capturing big trending moves, not so great in ranges/consolidation
