Title: Renko Trend Reversal Strategy Short Title: - Renko TRS > Special thanks to for manually calculating `renkoClose` and `renkoOpen` values in order to remove the infamous repaint issue Description: The Renko Trend Reversal Strategy ( - Renko TRS) is a powerful and original trading approach designed to identify trend reversals in financial markets using...
- Renko Trend Reversal Strategy Short Title: - Renko TRS Description: The Renko Trend Reversal Strategy ( - Renko TRS) is a powerful and original trading approach designed to identify trend reversals in financial markets using Renko charts. Renko charts differ from traditional time-based charts, as they focus solely on price movements and ignore time,...
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...
For Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed. This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. Nemeth is a forex trader that came up with a multi-time frame heiken ashi based strategy that he showed to an...
An interesting strategy using Renko calculations and Tilson T3 on normal charts targeted for cryptocurrencies but can work with different assets. Tested on Daily but can work with lower frames using Renko Size and T3 Length adjustments. == Description == Strategy get Renko close/open/high/low values and smooth them with T3 Tilson. Base on these results the...
This is just one little upgrade to one of my Previously posted Premium Scripts. Posting it under public library for people so they start using Renko More. The code is entirely my own and may repaint when used with ATR but with Traditional BrickSize it won't repaint. I prefer using it with Renko Levels being considered as the Levels that need to break for further...
Renko candles strategy has been written based on renko box plots. the strategy plots renko boxes and levels for trading, the buy signals trigger when renko is on uptrend and hit the lower box border and similar scenario for sell signal. the standard parameter are as bellow: box size: 3.5$ take profit: 1000 pip stop loss: 200 pip the below overview is results of...
Renko Level Strategy Main change of my previous strategy, that it look to one level of RENKO and use ATR value from each previous candle. I think it is more correct than use levels that appears in first candle of new RENKO level, cause it base on current volatility, but not on volatility that was many candles ago.
The author of the study is Zack_The_Lego but i made it into a strategy because its an awesome study by him.
Much confusion exists in the TradingView community about backtesting on non-standard charts. This script tries to shed some light on the subject in the hope that traders make better use of those chart types. Non-standard charts are: Heikin Ashi (HA) Renko Kagi Point & Figure Range These chart types are called non-standard because they all transform market...
This strategry based on the Renko chart that provided by TV, which is Repainting ! Used after your own research *** EXPERIMENTAL *** *** USE AT YOUR OWN RISK ***
This particular work is completely mine. I have not used anyone else's code (not even a fragment). Parts of the code are used from Open Source library linking to www.investopedia.com and TradingView's example section at www.tradingview.com The above sources have been used to get Custom Heikin Ashi Candles. Calculations on Renko bars is completely on me as I...
Dear Followers, today a new Scalper Tool , which works great on 1 minute timeframe , which is the best and more secure timeframe to use on a Renko chart, besides it works great up to 15m (I don't suggest to use a renko chart over 15m timeframe)! It is an upgraded version of Bitmex Renko Scalper that you can find in my tradingview script page. This tool has...
This is a simple Renko Strategy. The settings used were for Traditional (1.2) bars, tested on $SPX500USD. Around 70% profitable depending on timeframe, and bar size selected. Adjust the capital and suggested contract system depending on needs. The colored bars seen show blue for overbought conditions and pink for oversold conditions. If you like this strategy,...
Renko Strategy with Ema against price crossover/under
If you build Bollinger Bands from the values of Renko or Haken Ashi, then you can get an interesting strategy.
Dear all, Free strategy again. I found using 3 volatility stop with different settings could be very helpful when trading an intraday trending market. With the ATR setting or 5, 10, 15, we can weed out many false break. Vstop setting is OHLC4. On the other hand, this strategy also utilize Renko as part of the strategy, so you could say this strategy is...