OPEN-SOURCE SCRIPT
Renko Strategy V2
Updated
Version 2.0 of my previous renko strategy using Renko calculations, this time without using Tilson T3 and without using security for renko calculations to remove repaint!
Seems to work nicely on cryptocurrencies on higher time frames.
== Description ==
Strategy gets Renko values and uses renko close and open to trigger signals.
Base on these results the strategy triggers a long and short orders, where green is uptrending and red is downtrending.
This Renko version is based on ATR, you can Set ATR (in settings) to adjust it.
== Notes ==
Supports alerts.
Supports backtesting time ranges.
Shorts are disabled by default (can be enabled in settings).
Link to previous Renko strategy V1:
Stay tuned for version V3 in the future as i have an in progress prototype, Follow to get updated:
tradingview.com/u/dman103/
Seems to work nicely on cryptocurrencies on higher time frames.
== Description ==
Strategy gets Renko values and uses renko close and open to trigger signals.
Base on these results the strategy triggers a long and short orders, where green is uptrending and red is downtrending.
This Renko version is based on ATR, you can Set ATR (in settings) to adjust it.
== Notes ==
Supports alerts.
Supports backtesting time ranges.
Shorts are disabled by default (can be enabled in settings).
Link to previous Renko strategy V1:
Stay tuned for version V3 in the future as i have an in progress prototype, Follow to get updated:
tradingview.com/u/dman103/
Release Notes
Added working alerts.Some title settings rearrangement.
Release Notes
Simplified Time range selection in Settings (Thanks spdoinkal)Release Notes
Converted to Pinescript 5.0Minor code optimization.
Open-source script
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 publication is governed by House rules. You can favorite it to use it on a chart.
Appreciation of my work: paypal.me/dman103
Premium Pivot Points Algo Indicator: tradingview.com/script/LFBaHNuA-Pivot-Points-Algo/
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Premium Pivot Points Algo Indicator: tradingview.com/script/LFBaHNuA-Pivot-Points-Algo/
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live
Disclaimer
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