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[LAVA] Renko ModTradingview.com Pinescript @author Ni6HTH4wK (LAVA) with assistance from @zmm20 Original code by Richard Santos, (RS)Renko Mod (RS) www.tradingview.com (LAVA) 19P7bkzqSAwSm6X7tXmRVkx6AuBXEUZioo Traditional cross and circles view displayed here, but my favorite look is small linebreak and circles. Different views available... Type 2 - Type 1 - Without barcoloring - **EDIT** pastebin.com - Fixes missed bottoms / tops (April 15th, 2015) pastebin.com - Fixes slow recognition of steep movements (April 25th, 2015)
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Ni6HTH4wK tarafından
5
Renko Periodic Spiral of Archimedes-Secret Geometry - AYNETHow It Works Dynamic Center: The spiral is centered on the close price of the chart, with an optional vertical offset (center_y_offset). Spiral Construction: The spiral is drawn using segments_per_turn to divide each turn into small line segments. spacing determines the radial distance between successive turns. num_turns controls how many full rotations the spiral will have. Line Drawing: Each segment is computed using trigonometric functions (cos and sin) to calculate its endpoints. These segments are drawn sequentially to form the spiral. Inputs Center Y Offset: Adjusts the vertical position of the spiral relative to the close price. Number of Spiral Turns: Total number of full rotations in the spiral. Spacing Between Turns: Distance between consecutive turns. Segments Per Turn: Number of segments used to create each turn (higher values make the spiral smoother). Line Color: Customize the color of the spiral lines. Line Width: Adjust the thickness of the spiral lines. Example If num_turns = 5, spacing = 2, and segments_per_turn = 100: The spiral will have 5 turns, with a radial distance of 2 between each turn, divided into 100 segments per turn. Let me know if you have further requests or adjustments to the visualization!
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Aynet-London tarafından
Trader Set - Modified RSI MTFThis is a modified version of RSI MTF, a similar indicator can be found in public library if anyone is interested, mine, is fabricated to work with my methology with all the addition i will add to this (just like others when i added the ability to change the moving types in critical places of formula) so that students can experiment with them (it will come in next version). also, I normalize both sections for better visualization. Please don't ask me for getting access. "CM Modified RSI MFI" search it for the base and almost similar indicator without my additions. This script will be available only for my students at the time being. like other scripts, if the learning material will be ready i will be announce in comment section, and like others, again, if i decide to sell this separated from courses i will announce in the comment section too.
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CAB_Member tarafından
2
Trader Set - Fisher CycleUnfortunately, the fihser transform's formula has specifications that are not compatible with newer versions of pine script (calling mutable variables on security function). So, I had to separate this section of "Cycle" script to it's own little world and remove the versioning from the script. That, means that i can't even write the name of the oscillator on the right hand side (show_last is not there in older versions). Welcome to the world of pine script and haphazard updates of trading view without thinking about consequences of their new move !
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CAB_Member tarafından
2
MACD Intraday Trend - RSJMACD Intraday Trend is an Indicator developed through an adaptation made of the original MACD created by Gerald Appel in the 1960s. Through years of trading it was observed that by changing the parameters of the MACD with Fibonacci proportions we achieve a better presentation of the continuity of the trend movements, making that it is possible to more efficiently detect the beginning and end of a price trend. Due to its efficiency in detecting price trends, it is also possible to identify very clearly the divergences of tops and bottoms, thus taking better advantage of trading opportunities. -> Every time the histogram is positive and crosses the signal line down there is a high probability that an uptrend will end and a downtrend will start. -> Every time the histogram is negative and crosses the signal line up there is a high probability of ending a downtrend and starting an uptrend. The Indicator MACD Intraday Trend works with any currency pair, at any candlesticks timeframe and with Renko charts. The Indicator has an amazing performance on Renko charts. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ MACD Intraday Trend é um Indicador desenvolvido através de uma adaptação feita do MACD original criado por Gerald Appel nos anos 1960. Através de anos de trading foi observado que alterando os parâmetros do MACD com proporções de Fibonacci conseguimos uma melhor apresentação de continuidade dos movimentos de tendência, fazendo com que seja possível detectar de forma mais eficiente o início e fim de uma tendência de preços. Devido sua eficiência em detecção de tendências de preços é possível também identificar com muita clareza as divergências de topos e fundos, desta forma aproveitando melhor as oportunidades de trading. -> Toda vez que o histograma estiver positivo e cruzar a linha de sinal para baixo existe uma alta probabilidade de fim de uma tendência de alta e início de uma tendência de baixa. -> Toda vez que o histograma estiver negativo e cruzar a linha de sinal para cima existe uma alta probabilidade de fim de uma tendência de baixa e início de uma tendência de alta. O Indicador MACD Intraday Trend funciona com qualquer par de moedas, em qualquer tempos gráficos com candlesticks e gráficos do tipo Renko. O Indicador tem uma performance surpreendente em gráficos do tipo Renko.
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robsjunqueira tarafından
5
Weis Wave ChartThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. Unlike other implementations I found here on TradingView, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the volume indicator here:
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modhelius tarafından
20
Weis Wave VolumeThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can also be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. For assets that do not support volume Weis propose in his book to use the true range instead, so if you want to use this indicator for assets that do not support volume, make sure to enable the checkbox "Use True Range instead of Volume". Unlike other implementations I found here on Trading, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". If you want the price to oscillate around a zero value, enable the "Oscillating" checkbox. TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the zig zag indicator here:
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modhelius tarafından
88
FTX Index Advance Decline LineAs of publishing, all the tickers from FTX with the word "index" in it, plus bitcoin. This is your regular ADL except instead of hundreds in the basket you've got them condensed into 7 (for now) and in open/close candle form instead of a line. I'm a bit disappointed because I thought I'd lever more utility from indexes. It may just need some tweaking. Doesn't it look like Renko? Some notes: Reason why it expands: Total number of constituents is a static 7, to fix that use time to change the total variable based on dates of introduction. Reallly looks like Renko: Renko with ATR, length 14, hourly chart.
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NeoButane tarafından
1
Quantum ChronoRenko Dynamics Edge - Traditional### **Quantum ChronoRenko Dynamics Edge - Traditional** **Description:** The **Quantum ChronoRenko Dynamics Edge - Traditional** is an advanced Renko-based indicator designed for precision trading. It leverages the power of Renko charts to detect price movements, highlight critical trading signals, and dynamically track profit and risk levels. This indicator is built with modern trading strategies in mind, offering robust tools for all traders, from beginners to professionals. **Key Features:** 1. **Renko-Based Signal Generation**: - Detects **Buy Signals** when the price closes above the Renko high level. - Detects **Sell Signals** when the price closes below the Renko low level. - Ensures signals are non-repainting and confirmed on bar closures. 2. **Take Profit (TP) and Stop Loss (SL) Tracking**: - Automatically calculates and plots TP and SL levels for every signal. - Dynamic levels are displayed directly on the chart for better decision-making. 3. **Advanced Signal Management**: - Prevents duplicate signals within the same Renko range. - Resets signal conditions when a new Renko range is formed. 4. **Visual Enhancements**: - Renko high and low levels are plotted with customizable colors and styles. - TP and SL levels are marked with distinct cross shapes for clarity. - Optional fill between Renko levels to highlight price ranges. 5. **Real-Time Alerts**: - Generates alerts for Buy and Sell signals when a candle closes above or below the Renko levels. - Alerts are designed to help traders react quickly to opportunities. 6. **Comprehensive Statistics**: - Tracks the number of Buy/Sell signals. - Calculates the number of TP and SL hits for each signal type. - Displays detailed percentages and totals in an easy-to-read table. **Key Benefits**: - **Non-Repainting Logic**: Ensures stable and reliable signals based on confirmed price movements. - **Customizability**: Flexible settings for Renko brick size, TP/SL values, and visual enhancements. - **Professional-Level Insights**: Provides detailed statistics for tracking strategy performance. **Use Cases**: - Perfect for intraday and swing traders who rely on Renko charts for clear trend signals. - Suitable for identifying key breakout opportunities and managing trades with precise TP/SL levels. Example Usage: For daily scalping, set the following parameters: Brick Size: 3 Time Frame: 10 Minutes This setup provides clean trend signals and dynamic TP/SL tracking for short-term trades. **Why "Traditional"?** This version uses the **Traditional Renko method**, ensuring consistent price-based calculations that align with professional trading strategies. --- **Disclaimer**: This indicator is a tool to aid trading decisions but does not guarantee profits. Always use proper risk management. ---
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QuantumTradeInnovator tarafından
Point and Figure (PnF) RSIThis is live and non-repainting Point and Figure Chart RSI tool. The script has it’s own P&F engine and not using integrated function of Trading View. Point and Figure method is over 150 years old. It consist of columns that represent filtered price movements. Time is not a factor on P&F chart but as you can see with this script P&F chart created on time chart. P&F chart provide several advantages, some of them are filtering insignificant price movements and noise, focusing on important price movements and making support/resistance levels much easier to identify. P&F RSI is calculated and shown by using its own P&F engine. If you are new to Point & Figure Chart then you better get some information about it before using this tool. There are very good web sites and books. Please PM me if you need help about resources. Options in the Script Box size is one of the most important part of Point and Figure Charting. Chart price movement sensitivity is determined by the Point and Figure scale. Large box sizes see little movement across a specific price region, small box sizes see greater price movement on P&F chart. There are four different box scaling with this tool: Traditional, Percentage, Dynamic (ATR), or User-Defined 4 different methods for Box size can be used in this tool. User Defined: The box size is set by user. A larger box size will result in more filtered price movements and fewer reversals. A smaller box size will result in less filtered price movements and more reversals. ATR: Box size is dynamically calculated by using ATR, default period is 20. Percentage: uses box sizes that are a fixed percentage of the stock's price. If percentage is 1 and stock’s price is $100 then box size will be $1 Traditional: uses a predefined table of price ranges to determine what the box size should be. Price Range Box Size Under 0.25 0.0625 0.25 to 1.00 0.125 1.00 to 5.00 0.25 5.00 to 20.00 0.50 20.00 to 100 1.0 100 to 200 2.0 200 to 500 4.0 500 to 1000 5.0 1000 to 25000 50.0 25000 and up 500.0 Default value is “ATR”, you may use one of these scaling method that suits your trading strategy. If ATR or Percentage is chosen then there is rounding algorithm according to mintick value of the security. For example if mintick value is 0.001 and box size (ATR/Percentage) is 0.00124 then box size becomes 0.001. And also while using dynamic box size (ATR or Percentage), box size changes only when closing price changed. Reversal : It is the number of boxes required to change from a column of Xs to a column of Os or from a column of Os to a column of Xs. Default value is 3 (most used). For example if you choose reversal = 2 then you get the chart similar to Renko chart. Source: Closing price or High-Low prices can be chosen as data source for P&F charting. you can use PNF type RSI or RENKO type RSI. What is the difference between them? While calculating PNF type RSI, the script checks last X/O column's closing price but when using RENKO type RSI the scipt calculates RSI on every price changes according to number of boxes. and also with RENKO type RSI, calculation is made for each boxes on price changes. Important note if you use this PNF script with reversal = 2 then you get RENKO chart. So, with this RENKO chart better to use RENKO type RSI ;)
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LonesomeTheBlue tarafından
6