[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.
*** 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.
הערות שחרור:
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.
JustUncleL