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[INDICATOR]Renko Emulator OCC v1 by JustUncleL

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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.

Sürüm Notları
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.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.