WARNING: this strategy does not work!!
one of the fallacy's of backtesting, renko chars signals usually will give signals when price is allready out of range.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
//@version=2 strategy(title='[STRATEGY][RS]The Illusion Strategy V0', shorttitle='S', overlay=true, pyramiding=3, initial_capital=100000) trade_size = 10000 buy_entry = close > open sel_entry = close < open strategy.entry('buy', long=strategy.long, qty=trade_size, comment='buy', when=buy_entry) strategy.entry('sell', long=strategy.short, qty=trade_size, comment='sell', when=sel_entry)