Weis Wave Renko - Effort vs ResultABOUT THIS SCRIPT
Weis Wave Renko – Effort vs Result indicator combines Renko price structure with Weis Wave volume analysis to help assess the relationship between market effort and price result.
This script is a fork and substantial extension of the original “Weis Wave Volume” script published by modhelius . Full credit is given to modhelius for the original Weis Wave calculation, Renko assignment methodology and histogram on which this version is based.
PURPOSE
The script was develo
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