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[INDICATOR]Renko Emulator OCC v1 by JustUncleL

This "Study" project has been created by request and is used in conjunction with the "Strategy" version.

*** EXPERIMENTAL ***
*** USE AT YOUR OWN RISK ***


Description:
Indicator based around Renko Bar Chart emulator (ATR) with direction change used to signal buy/sell trades.
I have generally found that setting the strategy ATR resolution to 3-5x that of the chart you are viewing tends to yield the good results, regardless of which chart time used. Positions get taken automatically following THE Renko Bar after a crossover.

ملاحظات الأخبار
As requested I have updated to include "Traditional" Renko Method Bricks.
  • Updated to Pinescript V4.
  • Added options to select Renko Method.
  • Added alertconditions for "BUY" and "SELL" triggers.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.