OPEN-SOURCE SCRIPT
RENKO INDICATOR OVERLAY by CryptoJoncis
Updated
A very simple and basic renko indicator for any time frame and ticker.
Please be aware, the minimum value for traditional renko box size = 0.0001 so if you are using this indicator for trading with cryptocurrencies, it might be better to use ATR for that.
Can be merged together with main chart for better performance.
Consider a tip if you find this helpful
BTC: 3FiBnveHo3YW6DSiPEmoCFCyCnsrWS3JBR
ETH: 0xac290B4A721f5ef75b0971F1102e01E1942A4578
Please be aware, the minimum value for traditional renko box size = 0.0001 so if you are using this indicator for trading with cryptocurrencies, it might be better to use ATR for that.
Can be merged together with main chart for better performance.
Consider a tip if you find this helpful
BTC: 3FiBnveHo3YW6DSiPEmoCFCyCnsrWS3JBR
ETH: 0xac290B4A721f5ef75b0971F1102e01E1942A4578
Release Notes
Added bars to help see the renko blocks betterRelease Notes
Few more things corrected. thank you
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.
Disclaimer
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