Renko Bars for Forex by Darkoexe (no repainting)This indicator achieves plotting Renko bars with no repainting by resetting the open of the first Renko bar every market open after the FOREX market close. The indicator displays Renko bars for a timeframe chart which means multiple Renko bars can appear in the same timeframe as a single chart candle. This is because Renko bars aren't time bound, they are formed based on price movement. Whenever multiple Renko bars would appear in the timeframe of a single chart candle, the Renko bars will be displayed in a stacked manner meaning the Renko bars will be stacked on top of each other. If the Renko bars stacked are green, the top Renko bar close is the Renko close price of the timeframe. Whenever there's no Renko price movement for a specific candles timeframe, there will be a shadow of the color of the previous Renko bar displayed. These shadows can go on for a while if there's no significant price movement or if the Renko brick size input parameter is set too high.
There's 2 ways to calculate the size of each Renko bar. The first way (the default way) uses a fixed fixed brick size where you can choose the size of each brick. The second way uses a dynamic brick size which just uses the ATR with whatever length you would like to determine the brick size for each Renko bar. The dynamic option also has a factor input which would be multiplied with the calculated ATR to determine the brick size. To use the dynamic option, just check the box in the inputs section labeled "Dynamic Renko Box Size (uses the ATR for renko box size)".
Enjoy!!!
Renkoindicator
Renko Ichimoku CloudThis script utilizes its source from a non-repainting renko closing price. Renko charts focus solely on price movement and minimize the impacts of time and the extra noise time creates. Employing the renko close helps smooth out the Ichimoku Cloud. Insignificant price movements will not cause a change in the plotted lines of the indicator unless a new threshold is breached or a "brick" is created.
This Ichmoku Cloud includes all standard lines with standard lengths. These include:
Tenken Sen
Kiju Sen
Senkou A/B
Chikou Span
We have also included plotted marks for when there is a Tenken Sen/ Kiju Sen cross and for the Kumo cloud twist.
There are two methods for selecting the box size. Box size is critical for the overall function and efficacy of the plots you will visually see with this indicator. Box size is set automatically using the Average True Range "ATR" or manually using the "Traditional" setting. The simplest way to determine a manual box six is to take the ATR of the given instrument and round it to the nearest decimal place. As an example, if the ATR for the asset is 0.017, you would round that number to 0.02 and utilize this as your traditional box size.
Protervus RenkoWelcome to Protervus Renko!
After over two years of research and development, I'm thrilled to present you with my take on Renko in overlay mode.
Key features
Four Renko Types: Classic, Median, Geometric, Turbo
Brick size methods: Traditional, Percentage, ATR
Renko Wicks
Higher Time-Frame selection
No repainting, all data is consolidated and obtained from regular candles
Output mode: pass Protervus Renko data to other indicators
Built-in settings validator
Renko Statistics
Bricks reversal
Complete style and color customization
Tooltips in the settings panel explaining available options
Alerts
Renko Types: Classic, Median, Geometric, Turbo
Show Candles, Levels, or Both - along with Wicks
Note: when levels are disabled Wicks are shown on the actual Renko bricks, while when enabled they are shown in the middle of the Renko level.
Understanding Renko Output
In Real Mode, the output only contains data on the Renko brick, while in Normalized mode the values are repeated for the whole Renko level.
Example with Bollinger Bands:
In Real Mode, Bollinger Bands will be calculated exclusively on the Renko Bricks. Had we used Normalized Mode instead, the output wouldn't make sense as the values are carried over on each candle.
Other indicators (like RSI, for example) would work better with Normalized output though:
Automatic settings validation
Note: if settings are Unreliable, the script will not show any Renko candles or levels. The Output can still be used on external indicators, if needed (e.g. for a more granular RSI output).
Renko Data Panel
Data Panel shows two types of statistics: Rolling and Barset. Rolling data is referring to "last X time" and can be defined in the indicator's settings (in this example it's set to one week) while "Total Bricks" are considered over the whole available barset (since the beginning of the chart).
Besides seeing Renko Bricks trends at a glance, it's also possible to spot interesting areas when Rolling bricks are coming close to either the Total Average or Total Maximum Bricks, signaling a possible reversal or continuation.
Bricks Reversal
Show reversals: configure how many opposite bricks are needed to trigger a reversal, as well as limiting their number to avoid strong opposite movements.
Tip: more conservative Traders might want to receive a signal if the minimum is close to the Average Bricks Trend, but not over the Maximum Bricks Trend.
Moving the Indicator to a separate pane and overlay price
Credits
yatrader2 (lengths in time or bars function), allanster (Heikin Ashi function)
Special thanks go to PineCoders community for their incredible efforts and learning material to help mastering PineScript!
MM CHEATCODE V2The Best Renko system out there. The second coming to the original Cheatcode Algo we made
with options to use Tradition point calculations or ATR values for price measurement
- Select up to 3 tp levels
- ATR Risk calculator
- Strategy presets for easy setting selection for certain assets
- A trailing Ma for stint entries filters
- Volatility bands (BB, Kentler,Donchain)
- ATR super trend for added trend & trade filter
- MTF filter (up to 3)
- Added Session display as well as strict filter to only trade during that session(s) selected
- Full signal Alerts (meaning the full signal will send Entry, TP, Sl )
- added MM Capo volatility filter
Also Have Automation Version Available
How to use
You can use a setting preset in for the asset selected and the settings will automatically adjust but won't apply to your setting screen. (Tradingview limitations)
For the most part the buy signal will plot when the ATR moves in up/down direction
Filter your trades with the various trend detections indicators added when they all line up you have the best probability for the trade.
Renko is the best way to trade basic market structure and now with all the confirmation you need.
ALL Links below or PM us for access to this indicator Happy Trading
[blackcat] L5 Renko MasterLevel: 5
Background
Like many people in the Tradingview community, I have been studying how to apply Renko charts to backtesting and live trading for long. However, as we all know, the official Tradingview Renko chart is not recommended for backtesting because it will lead to unrealistic backtesting results. So, I thought about developing a set of customized Renko charts that can be used for backtesting and second-level trading. This "L5 Renko Master" is one of them that I am introducing today.
In fact, this is not a Renko chart based on Tick's principle. It is based on OHLC data, because this kind of chart can be used for reliable backtesting and trading in Tradingview. Therefore, the Renko Master in this script can actually coexist with the standard Japanese candlestick chart, but the trend reversal information it prompts is based on a principle similar to Renko. When the two can coexist and produce trading signals at the same time, this is really a very interesting invention.
Function
First of all, this Renko chart can coexist in the main chart with the Japanese candlestick chart. It can support up to 1 second level of display and trading. By configuring two parameters, you can adapt it to different Time Frames.
Secondly, this Renko chart can be used for backtesting strategies, because it is essentially OHLC data. Although the absolute value of the price cannot correspond to the original OHLC one-to-one, the certainty of the trend reversal is relatively high. It can be compared with Japanese candlesticks on the timeline.
Finally, this Renko chart is embedded with a Renko intrinsic trading strategy, which can be used to locate entry points through red and green labels. This strategy supports Tradingview alerts. You can get "LONG" or "SHORT" trading reminders by creating alerts. In order to obtain a clear market structure, Zen Stroke (Autolength ZigZag) and Zen Kiss (Special Moving Averages) can be checked to be superimposed and displayed on the main chart to facilitate understanding of the temporal and spatial position of prices in the market.
Indicator Set
Renko Master Boxes (砖块图)
Zen Stroke (Auto ZigZag , 自动画缠论笔)
Zen Kiss Moving Averages (缠论均线)
Inputs
Price --> Price source used to produce Renko, close is default.
RefBarBack --> Lookback period length to calculate Renko. The larger value, the less sensitive to price ripples and sideways.
BoxPerc --> Internal box percentage input. The larger value, the less sensitive to price ripples and sideways.
Show Zen Stroke (AutoLen ZigZag)? --> Switch to turn on and off ZigZag.
Shown Renko MA? --> Switch to turn on and off special moving averages.
Key Signal
Bricks
Green bricks for up trend
Red bricks for down trend
Labels
Green labels for buy/long.
Red labels for sell/short.
Zen Stroke (ZigZag)
Green line section for up stroke
Red line section for down stroke
Moving Averages
Yellow for fast line
Fuchsia for slow line
Pros and Cons
Suitable for discretionary trading and bots via alerts. However, only well selected trading pair and time frame can guarantee bot works.
Intuitive and effective, the output signal is more reliable after multi-indicator resonance
Remarks
My third L5 indicator published
Closed-source
Invite-only
Redeem Fee Life Lock Guarantee
Although I take the efforts to inform the script requesters that the best way to promote trading skills is to learn from the open source scripts I released by themself and to improve their PNIE script programming skills, there are still many people asking how to obtain or pay to use BLACKCAT L4/L5 private scripts. In fact, I do not encourage people to use Tradingview Coins ( TVC ) / Cryptocurrency to redeem the right to use BLACKCAT L4/L5 scripts. However, redeeming private script usage rights through TV Coins/ Cryptocurrency may be an effective way to force more people to learn PINE script programming seriously. And then I can concentrate on answering more valuable community questions instead of being overwhelmed by L4/L5 scripting permission reqeusts.
I would like to announce a ‘Redeem Fee Lock Guarantee’ program to further simplify the L4/L5 indicator/strategy utility offering and distinguish itself from the competition. ‘Redeem Fee lock guarantee’ is one of the major initiatives by BLACKCAT as a part of overall value packaging designed to guard BLACKCAT’s followers’ against cost-overruns and operational risks usually borne by them when it comes to PINE script innovation ecosystem. The TVCs redeemed for L4/L5 a follower signs up for with BLACKCAT is their guaranteed lifetime locked in TVC Quantity/ cryptocurrency, with no special conditions, exclusions and fine print whatsoever. Based on this scheme, I can constantly refine, expand, upgrade and improve PINE script publishing to ensure the very best experiences for my followers. The 'Redeem Fee Lock Guarantee' is a step in the direction of rewarding the valuable followers. NOTE: Every L4/L5 script redeeming service is ONLY limited to TVC or Cryptocurrency ("Win$ & Donate w/ This" Addresses displayed on script page) redeeming which the 1st signed up TVC Qty/ equivalent cryptocurrency is the lifetime offered TVC Qty/ equivalent crypto.
How to subscrible this indicator?
The script subscription period only has two options of one month or one year, and its price is floating. The latest price of the script subscription is proportional to the number of likes/agrees this script has already received. Therefore, the price of subscribing to this script shows an increasing trend, and the earliest subscribers can enjoy the price of lifetime lock to this script. As the number of likes / agrees of this script increases, the subscription fee for one month and one year will also increase linearly. Whatever, the first subscription price of the use will be locked for life.
Monthly subscription and annual subscription can be done either by tradingview coins ( TVC ) or by converting into equivalent cryptocurrency at the exchange rate (1TVC=0.01USD) for redeem.
TVC payment needs to pay TVC directly in the comments under this script. Every time I authorize a new user, I will update the latest number of subscribed users and latest price for next subscription under the script comment. If there are any conflicting scenario happened to the rules and my update. My updated price based on the rule will be the final price for next subscription. The following subscribers need to pay the corresponding amount of TVC or cryptocurrency in accordance with the latest number of users and price announced by me in accordance with the rules published.
TVC redemption is the method I strongly recommend, and I hope you can complete the redemption in the comment area of this script. This is like a blockchain structure, each comment is a block, each subscription is a chain, which is conducive to open and transparent publicity and traceability to avoid unnecessary disputes.
Monthly Subscription Charges
500TVC <50 Agrees (A)
50A<850TVC<100A
100A<1000TVC<150A
150A<1350TVC<200A
200A<1500TVC<250A
250A<1850TVC<300A
300A<2000TVC<350A
350A<2350TVC<400A
400A<2500TVC<450A
450A<2850TVC<500A
500A<3000TVC<550A
550A<3350TVC<600A
600A<3500TVC<650A
650A<3850TVC<700A
700A<4000TVC<750A
750A<4350TVC<800A
800A<4500TVC<850A
850A<4850TVC<900A
900A<5000TVC<950A
950A<5350TVC<1000A
1000A<5500TVC<1050A
And so on...
Annual Subscription Charges
5000TVC <50 Agrees (A)
50A<8500TVC<100A
100A<10000TVC<150A
150A<13500TVC<200A
200A<15000TVC<250A
250A<18500TVC<300A
300A<20000TVC<300A
350A<23500TVC<400A
400A<25000TVC<450A
500A<28500TVC<550A
500A<30000TVC<550A
550A<33500TVC<600A
600A<35000TVC<650A
650A<38500TVC<700A
700A<40000TVC<750A
750A<43500TVC<800A
800A<45000TVC<850A
850A<48500TVC<900A
900A<50000TVC<950A
950A<53500TVC<1000A
1000A<55000TVC<1050A
And so on...
Renko + CandlesThis indicator has been designed to show you both candle chart and Renko chart in one place.
I think most of you are familiar with candle chart which is working with the time and price movements but Renko chart is based on price differences and is not related to the "time" parameter.
so if you see a Renko brick is appear up(or down) to the previous brick it means that a certain and fixed price movement has been occurred (which mostly calculate by ATR). and also this indicator works in any time frame.
Remember because we want both charts we have time parameter in this indicator, and if the price doesn't move up or down a certain percentage from previous bars, it will plot a renko bar beside the previous one.
you can use this indicator to see if the price moves up or down.
Or you can determine the important support and resistances with much less noises.
it can be used as a confirmation for you to keep your positions or exit.
go ahead and discover it...
If you have any questions, don't hesitate! ask in the comments section below.
MTF RenkoThis indicator Should be opened on a 15 min chart
It will display the Renko Highs and lows of:
30 min chart
45 min chart
60 min chart
and
120 min chart
Renko Strategy V2Version 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:
www.tradingview.com
[MACLEN] HODL ZONE RENKO
PLEASE READ!
Trade at your own risk. Please read about renko charts before using this indicator. This indicator is for educational purposes only.
This Indicator is only valid in renko charts with 1 second timeframe. For BTCUSDT . With the traditional method and the size box of 80.
With this indicator we can detect zones of buy and sell. Even that is not recommended to use leverage, I use it to find an entry and use only small leverages. It could be also used to accumulate and HODL bitcoin .
Please, comment anything.
POR FAVOR LEER!
Tradea bajo tu propio riesgo. Por favor lee sobre las graficas renko antes de usar este indicador. Este indicador es solamente con fines educativos.
Este indicador es válido solamente en graficas renko con un timeframe de 1 segundo. Para BTCUSDT . Con cajas del método tradicional de un tamaño de 80.
Con este indicador podemos detectar zonas de compra y venta. A pesar de que no es recomendable usar apalancamiento, yo lo uso para encontrar entradas y solo uso apalancamientos pequeños. También podría usarse para acumular y holdear bitcoin .
Por favor, escríbeme cualquier duda o comentario.
Renko Bar ChangeI realized it's not in the TV Library so I think it's mandatory to add.
If you wish to access and use for yourself contact me - I reply on Average in less than 4 hours on a 60 day period.
---
Renko Bar Change Indicator Documentation:
Renko Parameters:
Set Box Size either via ATR or your own Float-Value after choosing the correct Renko Style-Option.
Both Renko Style Options are self-explanatory.
Alerts and Plots:
1) Green arrow visualizing a green Renko bar after a red Renko bar
2) Red arrow visualizing a red Renko bar after a green Renko bar
3) Alert for green Renko Bar after red Renko Bar
4) Alert for red Renko Bar after green Renko Bar
renko tool(by chart_laboratory)this script made to use renko chart only.
it has stchastic and rsi with oversell & overbuy zone.
이 스크립트는 렌코차트의 매매를 돕기 위해 만들어졌습니다.
위 지표는 스토케스틱과 RSI를 이용한 과매수/과매도 구간을 표현해주는 형식의 지표로 활용됩니다.
Flex Renko Emulator Strategy by Zack_The_LegoThe author of the study is Zack_The_Lego but i made it into a strategy because its an awesome study by him.
Renko Dynamic Index ZonesThe goal of this indicator is to plot the Dynamic Index, Signal, and Histogram values "as if" the chart is a true price action based Renko chart. It can be used on a time series chart or Renko series chart. The Dynamic Index is derived from the raw price action of a time-based chart, where the historic and live price values are clustered into Renko bricks. The Renko brick production algorithm is entirely backed by Renko Overlay Ribbon and thoroughly tested. The Dynamic Index gets its inspiration from the Commodity Channel Index.
The algorithm takes into account rapid brick production within a single time candle and adjusts accordingly. The output may vary slightly between different chart time frames for the same indicator settings, but this is due to the lack of price fluctuation visibility that can occur in higher chart time frames. If the brick tick size is low, an appropriate chart interval should be selected that maximizes the amount of price volatility visible to the indicator. A bad setting would be something like a 1 tick EURUSD Renko setting on an H4 or Day chart, there simply is no way to derive the exact and ordered price fluctuations in a single candle, 1 pip at a time. A more appropriate chart time frame would be 1-5 minutes for this selected Renko brick size.
The difference between this indicator and the companion Renko Dynamic Index oscillator can be understood in the following video. The indicator plots the current Dynamic Index - Signal cross and Dynamic Index - Zero cross thresholds on the chart so that you know exactly where the most important crossing values are at all times. These can be used as a dynamic stop or a dynamic entry location for trades. The overbought and oversold dynamic zones are also plotted on the chart.
If you are interested in the RSI-RENKO DIVINE™ Strategy please have a look here:
Contact me in Trading View or telegram for more information and access instructions.
Renko MACD TrendThe goal of this indicator is to plot the MACD, Signal, and Histogram values "as if" the chart is a true price action based Renko chart. It can be used on a time series chart or Renko series chart. The MACD is derived from the raw price action of a time-based chart, where the historic and live price is clustered into Renko bricks. The Renko brick production algorithm is entirely backed by Renko Overlay Ribbon and thoroughly tested.
The algorithm takes into account rapid brick production within a single time candle and adjusts accordingly. The output may vary slightly between different chart time frames for the same indicator settings, but this is due to the lack of price fluctuation visibility that can occur in higher chart time frames. If the brick tick size is low, an appropriate chart interval should be selected that maximizes the amount of price volatility visible to the indicator. A bad setting would be something like a 1 tick EURUSD Renko setting on an H4 or Day chart, there simply is no way to derive the exact and ordered price fluctuations in a single candle, 1 pip at a time. A more appropriate chart time frame would be 1-5 minutes for this selected Renko brick size.
The difference between this indicator and the companion Renko MACD indicator can be understood in the following video. The indicator plots the current MACD - Signal cross and MACD - Zero cross thresholds on the chart so that you know exactly where the most important crossing values are at all times. This can be used as a dynamic stop or a dynamic entry location for trades.
If you are interested in the RSI-RENKO DIVINE Strategy please have a look here:
Contact me in Trading View or telegram for more information and access instructions.
Telegram: t.me
Daily Edge: www.daily-edge.com
Alnami_Quantum_blocks v.11The (Al Nami Quantum Blocks v.11) script is based on Renko chart that is based on % move of the selected symbol. This is different from the traditional or ATR based Renko charts..
box size = user selected percentage x current price
Alnami Quantum Blocks Channel is composed of 5 levels that are calculated based on the box size:
1- Base
2- Green Box High (GBH) = Base + box size
3- Next Green Box trigger (GBN) = base + (box size x 2)
4- Red Box Low ( RBL ) = Base - box size
5- Next Red Box trigger ( RBN ) = base - (box size x 2)
Those levels will appear in the chart with the following order:
------GBN-------
------GBH-------
------BASE------
------RBL-------
------RBN-------
Usually when prices are trending up, the price will stay above the base for most of the time,, when it trending downwards, price stays below base most of the time..
Now how to time your entries based on the channel?
This strategy draws two levels, breakout level (top red line) and stop level (bottom green line).
If the price is above red line, place a buy order
If the price is below the green line, place a sell order
In version 11 of the Quantum blocks, you can choose to make the those two lines drawn using:
recent/near term price actions (less accurate) and fast - set the number of Legs to low value
or
wider term price actions (more accurate) and slow - set the number of Legs to high value
This version also tracks the last three changes for the red and green lines as following:
1- Above, Above, Above = 3
2- Above, Above, Below = 2
3- Above, Below, Below = 1
4- Below, Below, Below = 0
I did run full optimization for the settings of this strategy on Bitcoin (Binance:BTCUSDT) for the following multiple time frames using Amibroker scrips and data downloaded from Binance through a REST API call. The TFs were for 1min, 15min, 30min, 45min, 90min, 120min, 180min, and 240min.
pair Input Settings
btc TF Profit% Sys DD% Trade DD% sharpe% # Trades Win% Wave% # of Legs up lo
1 204 40.16 15.04 1.33 132 40.15 1.5 4 3 3
15 249 35 14.3 2.96 35 51.43 1.8 3 1 3
30 469 28.95 14.04 3.82 34 67.65 1.4 3 1 3
45 712 54.48 23.3 2.49 46 54.35 1.7 3 3 3
90 1114 40.51 21.41 3.3 48 54.17 1.4 2 3 3
120 602 25.32 16.8 2.82 51 43.14 1.2 2 3 3
180 960 35.9 20.09 3.33 42 52.38 0.9 2 2 3
240 819 46.84 28.27 3.48 46 65.22 0.6 2 3 3
I spent a lot of time and resource in providing the above, If this script/back tests helped in making some profits, then kindly express your appreciation and support to this work by sending some altcoins to any of the following wallets, this will encourage me sharing more stuff with the public:
BTC : 15VLCLZRkEhhZn6E4gNjMLVYnmCcUzKvWU
LTC : LN6mE6aZhEqVVfssmaQ3kk8PPspWQ5wToy
ETH : 0x7901035f2b6f334fa404d0ceb187d7bfcfdb72ce
[RESEARCH] Renko Chart IdentifierDespite I am not a big fan of Renko I spent some time to solve a common problem of chart type identification using absolutely obvious technique: Renko bricks have the same size. That's all. Not a cutting-edge maths.
This tool allows to identify:
ATR Renko charts (see ^)
Traditional Renko charts
Here is example for Traditional Renko:
It also works correctly with other chart types:
Classic Candles
Heikin-Ashi
Kagi
PnF
Range Bars
Remember @everget !
And pay attention to the license before use)
Renko Plot StrategyThis strategy lets you plot Renko open and close values, based on your preferred Renko size brick, on normal candle chart. You can use it on any timeframe, define your preferred brick size and trailing stop.
Renko Overlay RibbonThis script has been moved to protected from this location
due to mishandling on multiple trading platforms. Since I have proprietary strategies built on this code, it has caused me to make it protected. This is not an Invite Only script anyone can use it, however the source code is no longer visible.
All calculations are performed against calculated Renko bricks form a price chart. The engine that drives this script is complex, but robust. It attempts to garner the order of nested Renko bricks inside a time candle when multiple bricks are produced. I call these "volatile bricks". In a normal Renko chart where tick data is used, this would be displayed as rapid brick production on the screen.
It is important to choose an appropriate time frame when in Traditional mode. Setting the ribbon to 1 pip on EURUSD using a Day chart is not wise, because there is no way to know just how many 1 pip bricks were produced and in which up/down sequence. ATR mode is different because the bricks are constantly changing in size, adapting to the current ATR of the chart time interval.
Please view these old videos taken from the original page for questions on why this indicator was created in the first place:
My strategy built on this indicator can be found here:
Multiple indicators based on renko bricks on time charts can be found here (they also work on renko charts in Trading View). These are special scripts that use this indicator as the engine to generate indicators "as if" you were operating on a Renko chart.
PM for questions, enjoy.
Renkomonster, v. 5.0RenkoMonster Elite
A radical redesign of our other approaches, RenkoMonster uses deep algorithmic and pattern tracking against standard systems to produce trade logic with the quietest, most actionable, signal-to-noise certainty. Designing around the right parameters brings the best results, and for investment instruments, that means focusing on market-mirroring mathematics that produce profits. Note, however, that focus on profits also means building an engine that maximizes for return, not some abstract percentage of right guesses. RenkoMonster is therefore built to enter every high-probability trade, then evaluate ongoing metrics to stay with a winner as long as possible, but also recognizing the need to exit quickly as soon as high-probability failure signals arise. The result: consistent winning trades, but, more importantly, immense profit-to-loss ratios that bring a superior payoff. RenkoMonster keeps you in the game to catch the huge runs that bring the big returns. (see Results Chart below) A premium trading system for the discerning investor seeking robust, effortless results across a range of asset classes, contact us for a free trial to test RenkoMonster on your favorite charts.
Results Chart
The backtests below show 1-year returns against a Buy and Hold (B+H) approach for 40 of the world’s top traded instruments (as measured by price volume or similar indicator). The RenkoMonster system was run on the top 10 instruments in four major markets: Equities, ETFs, Cryptocurrencies, and Forex. All tests were on a 30min chart, set to Renko “Traditional” blocks (because TradingView does not support realtime alerts from ATR-based charts). Block size was set proportionately to price to give the instrument positive results, but there was no “cherry-picking”. (In fact, changing time frames would have produced even better returns in some cases, but it seemed best to use a consistent measure.) Subscribers to the system receive a full, step-by-step breakdown on how to customize the parameters to get the best from their favorite markets.
(For each instrument, you see listed its Symbol (name), Profit % (annual return using RenkoMonster), Winning Trade % (being “right”), ProfitFactor (Ratio of money won to money lost), Max Draw Down % (point of worst % loss during the year), and B+H (how much the asset would have returned with no trades, via "buy-and-hold" )...)
RenkoMonste
Settings: 30 min, Traditional Renko box, over 1 year (June 1, 2018 - June 1, 2019)
EQUITIES
Symbol._.Profit Profit %._.Trade %._.Pf Max DrDn._.B + H
AMZN._.._.9,935._.._.._.._.66._.._..9.4._.._.._.1._.._.._.7
AAPL._.._.._318._.._.._.._.54._.._.._7.4._.._.._.2._.._.._.5
TSLA._.._32,777._.._.._.._.60._.._.._7.8._.._.._.2._.._.(-38)
FB._.._.._.._371._.._.._.._.46._.._.._5.4._.._.._.3._.._..(-7)
BABA._.._.._671._.._.._.._.55._.._.._6.3._.._.._.2._.._.(-23)
BYND._.._.._499._.._.._.._.67._.._..24._.._.._.._1._.._.140
MSFT._.._.._.271._.._.._.._.52._.._.._6.5._.._.._.2._.._..28
AMD._.._.._..539._.._.._.._.48._.._.._4.1._.._...13._.._.._0
NFLX._.._..8,695._.._.._.._.57._.._.._.7.4._.._.._2._.._.(-5)
BA._.._.._.1,448._.._.._.._..57._.._.._7.9._.._.._1._.._..97
ETFs
Symbol._.Profit %._.Trade %._.Pf._.Max DrDn._.B + H
SPY._.._.._.775._.._..66._.._..9.7._.._.1._.._.._.4
QQQ._.._.2,918._.._..66._.._.11._.._..1._.._.._.5
EEM._.._.._.463._.._..60._.._..7.1._.._.1._.._.._0
IWM._.._..2,060._.._..62._.._..9.1._.._.1._.._.(-3)
HYG._.._.._..18._.._..45._.._..2.2._.._.1._.._.._0.5
EWZ._.._.10,426._.._..62._...11._.._.._1._.._..26
LQD._.._.._..12._.._.._45._.._.2.3._.._.1._.._.._6
EFA._.._.._.236._.._.._52._.._.6.2._.._.1._.._..(-7)
FXI._.._.._..900._.._.._62._.._.8.3._.._.1._.._.(-15)
XLF._.._.._..393._.._...60._.._.6.8._.._.1._.._..(-3)
CRYPTOCURRENCIES
Symbol._.._.Profit %._.._.Trade %._.Pf._.Max DrDn._.B + H
BTC/USD._.100 million._.._.58._.._.12._.._.2._.._.._.(-8)
ETH/USD._.232 million._.._.54._.._..6.2._..4._.._.._(-54)
XRP/USD._.840 million._.._.52._.._..7._.._.4._.._.._(-21)
LTC/USD._.14 million._.._..51._.._..6.5._..5._.._.._..13
BCH/USD._.17 million._.._.51._.._..6._.._15._.._.._.(-5)
EOS/USD._.5 million._.._..49._.._..5.3._.._7._.._.._..13
BNB/USDT._.4 billion._.._..56._...15._.._..4.._.._.._128
BSV/USD._.299,000._.._.._.67._..109._.._..2._.._.._.(-8)
XLM/USD._.94 billion._.._..64._.._11._.._..3._.._.._..34
ADA/USD._.647,000._.._.._75._.._34._.._..1._.._.._.._3
FOREX PAIRS
Symbol._.._.Profit %._.Trade %._.Pf._.Max DrDn._.B + H
EUR/USD._.._.17._.._.._.37._.._.1.5._.._.2._.._.._.(-4)
USD/JPY._.._..9._.._.._..34._.._.1.2._.._.3._.._.._.(-1)
AUD/USD._.._.35._.._.._.45._.._.2.1._.._.2._.._.._.10
USD/CAD._.._.13._.._.._.35._.._.1.4._.._.3._.._.._..3
GBP/USD._.._.46._.._.._.38._.._.1.8._.._.3._.._.._.(-5)
NZD/USD._.._.39._.._.._.50._.._.2.6._.._.1._.._.._.(-6)
GBP/JPY._.._.66._.._.._.39._.._.1.9._.._.2._.._.._.(-6)
EUR/JPY._.._.25._.._.._.45._.._.2.1._.._.3._.._.._.(-5)
AUD/JPY._.._.65._.._.._.36._.._.1.9._.._.2._.._.._(-10)
EUR/GBP._.._.25._.._.._.45._.._.2.1._.._.3._.._.._..0.1
Renko Ghost, v. 2.0Renko Ghost
Custom-designed to take advantage of the smoothing signals from Renko charting, Renko Ghost creates client-side ATR calculations to build an overlay of “ghost” Renko blocks which emulate the popular ATR blocks on top of TradingView’s Traditional Renko charts. By combining constant ATR updates with the “trend anticipation” patterning of our other systems, Renko Ghost can deliver more responsive, finely-tuned reads on market turns. (Check out results below) Contact us for a free trial to test Renko Ghost on your go-to charts. And be sure to check out our other dynamic trading systems.
We are always available for questions, comments, and suggestions. There is always room for improvement.
Results Chart
The backtests below show 1-year returns against a Buy and Hold (B+H) approach for 40 of the world’s top traded instruments (as measured by price volume or similar indicator). The Renko Ghost system was run on the top 10 instruments in four major markets: Equities, ETFs, Cryptocurrencies, and Forex. All tests were on a 30min chart, set to Renko “Traditional” blocks (because TradingView does not support realtime alerts from ATR-based charts). Block size was set proportionately to price to give the instrument positive results, but there was no “cherry-picking”. (In fact, changing time frames would have produced even better returns in some cases, but it seemed best to use a consistent measure.) Subscribers to the system receive a full, step-by-step breakdown on how to customize the parameters to get the best from their favorite markets.
(For each instrument, you see listed its Symbol (name), Profit % (annual return using Renko Ghost), Winning Trade % (being “right”), ProfitFactor (Ratio of money won to money lost), Max Draw Down % (point of worst % loss during the year), and B+H (how much the asset would have returned with no trades, via "buy-and-hold" )...)
Renko Ghost
Settings: 30 min, Traditional Renko box, over 1 year (June 1, 2018 - June 1, 2019)
EQUITIES
Symbol,_.,_.Profit %,_.Trade %,_.Pf,_.Max Dr Dn,_.B + H
AMZN,_.,_.,_.1,874,_.,_.62,_.,_.6.3,_.,_.3,_.,_.,_.,_.7
AAPL,_.,_.,_.,_.141,_.,_.48,_.,_.3.4,_.,_.5,_.,_.,_.,_.5
TSLA,_.,_.,_._6,603,_.,_.58,_.,_.5.6,_.,_.6,_.,_.,_.(-38)
FB,_.,_.,_.,_.,_.170,_.,_.48,_.,_.3,_.,_.,_8,_.,_.,_.(-7)
BABA,_.,_.,_.,_.220,_.,_.56,_.,_.3.2,_.,_.9,_.,_.,_.(-23)
BYND,_.,_.,_.,_.305,_.,_.60,_.,_.7.1,_.,_.5,_.,_.,_,_140
MSFT,_.,_.,_.,_.191,_.,_.57,_.,_.6,_.,_.,_3,_.,_.,_.,,_28
AMD,_.,_.,_.,_.,142,_.,_.45,_.,_.2.3,_.,_13,_.,_.,_.,_,0
NFLX_,_.,_.,_.1,902,_.,_.54,_.,_.1.4,_.,_11,_.,_.,_.,(-5)
BA,_.,_.,_.,_.,_.560,_.,_.54,_.,_.4.9,_.,_.3,_.,_.,_.,,_97
ETFs
Symbol,_.Profit %,_.Trade %,_.Pf,_.Max DrDn,_.B + H
SPY,_.,_.,_.724,_.,_.64,_.,_.,_8.3,_.,_.1,_.,_.,_.4
QQQ,_.,_.2,553,_.,_.63,_.,_.,_9.3,_.,_.1,_.,_.,_.5
EEM,_.,_.,_.340,_.,_.52,_.,_.,_5.5,_.,_.2,_.,_.,_.0
IWM,_.,_.,1,801,_.,_.61,_.,_.,_7.7,_.,_.1,_.,_.,(-3)
HYG,_.,_.,_.,17,_.,_.45,_.,_.,_2.5,_.,_.1,_.,_.,,0.5
EWZ,_.,_.4,855,_.,_.59,_.,_.,_9.2,_.,_.2,_.,_.,_.26
LQD,_.,_.,_.,12,_.,_.48,_.,_.,_1.7,_.,_.2,_.,_.,_.6
EFA,_.,_.,_.192,_.,_.52,_.,_.,_4.9,_.,_.2,_.,_.,_(-7)
FXI,_.,_.,_.669,_.,_.55,_.,_.,_6.3,_.,_.,1,_.,_.,(-15)
XLF,_.,_.,_.287,_.,_.55,_.,_.,_4.8,_.,_.,2,_.,_.,(-3)
CRYPTOCURRENCIES
Symbol,_.,_.Profit %,_.Trade %,_.Pf,_.Max DrDn,_.B + H
BTC/USD,_.22 million,_.,_.54,_.,8.1,_.,_3,_.,_.,_.(-8)
ETH/USD,_.15 million,_.,_.50,_.,5.1,_.,_7,_.,_.,_(-54)
XRP/USD,_.26 million,_.,_.49,_.,4.3,_.,_8,_.,_.,_(-21)
LTC/USD,_.785,000,_.,_.,_50,_.,5,_.,_.,12,_.,_.,_.13
BCH/USD,_.756,000,_.,_.,_46,_.,3.6,_.,15,_.,_.,_.(-5)
EOS/USD,_.258,000,_.,_.,_47,_.,3.5,_.,,27,_.,_.,_.13
BNB/USDT,_22 million,_.,_55,_.,7.3,_.,_.8,_.,_.,_143
BSV/USD,_.170,000,_.,_.,_64,.100,_.,_.,,4,_.,_.,_(-8)
XLM/USD,_.15 billion,_.,_.61,_.,7.7,_.,_.5,_.,_.,_.34
ADA/USD,_.136,000,_.,_.,70,_.20,_.,_.,_.2,_.,_.,_.3
FOREX PAIRS
Symbol,_.,_.Profit %,_.Trade %,_.Pf,_.Max Dr Dn,_.B + H
EUR/USD,_.,_.13,_.,_.,_36,_.,_.,1.5,_.,_.,_2,_.,_.,_(-4)
USD/JPY,_.,_.,,5,_.,_.,_31,_.,_.,1.2,_.,_.,_2,_.,_.,_(-1)
AUD/USD,_.,_.26,_.,_.,_44,_.,_.,2,_.,_.,_.,3,_.,_.,_.10
USD/CAD,_.,_.16,_.,_.,_37,_.,_.,1.6,_.,_.,_2,_.,_.,_.,3
GBP/USD,_.,_.37,_.,_.,_37,_.,_.,1.7,_.,_.,_2,_.,_.,_(-5)
NZD/USD,_.,_.24,_.,_.,_50,_.,_.,2,_.,_.,_.,2,_.,_.,_(-6)
GBP/JPY,_.,_.57,_.,_.,_41,_.,_.,1.8,_.,_.,_3,_.,_.,_(-6)
EUR/JPY,_.,_.19,_.,_.,_39,_.,_.,1.4,_.,_.,_4,_.,_.,_(-5)
AUD/JPY,_.,_.50,_.,_.,_36,_.,_.,1.7,_.,_.,_4,_.,_.,(-10)
EUR/GBP,_.,_.13,_.,_.,_41,_.,_.,1.4,_.,_.,_3,_.,_.,_0.1
TrendMaster Gold, v. 6.2xTrendMaster Gold
The ultimate refinement of last year’s TrendMaster system, TrendMaster Gold takes deep pattern recognition to a new level tracking over 20 indicators triggering seven decision gates to trade in a Renko-smoothed charting environment. Optimized for higher returns over a wider range of instruments (see returns below), you are invited to trial this market-mirroring engine. Subscribers receive full breakdown for fine-tuning results to their market favorites while avoiding bot traps. Reach out by message to get your free trial. We are always available for questions, comments, and suggestions. There’s always room for improvement.
Results Chart
The backtests below show 1-year returns against a Buy and Hold (B+H) approach for 40 of the world’s top traded instruments (as measured by price volume or similar indicator). The TrendMaster system was run on the top 10 instruments in each of four major markets: Equities, ETFs, Cryptocurrencies, and Forex. All tests were on a 30min chart, set to Renko “Traditional” blocks (because TradingView does not support realtime alerts from ATR-based charts). Block size was set proportionately to price to give the instrument positive results, but there was no “cherry-picking”. (In fact, changing time frames would have produced even better returns in some cases, but it seemed best to use a consistent measure.) Subscribers to the system receive a full, step-by-step breakdown on how to customize the parameters to get the best from their favorite markets.
(For each instrument, you see listed its Symbol (name), Profit % (annual return using TrendMaster Gold), Winning Trade % (being “right”), ProfitFactor (Ratio of money won to money lost), Max Draw Down % (point of worst % loss during the year), and B+H (how much the asset would have returned with no trades, via "buy-and-hold" )...)
TrendMaster Gold
Settings: 30 min, Traditional Renko box, over 1 year (June 1, 2018 - June 1, 2019)
EQUITIES
Symbol Profit % Trade % PF Max DrDn B + H
AMZN 2,212 62 6.6 3 7
AAPL 158 49 3.7 5 5
TSLA 8,263 57 5 6 -38
FB 179 47 3 8 -7
BABA 247 56 3.4 9 -23
BYND 348 67 17.9 6 140
MSFT 224 58 6.8 3 28
AMD 171 50 2.6 13 0
NFLX 2,132 55 5.2 11 -5
BA 560 54 4.9 3 97
ETFs
Symbol Profit % Trade % PF Max DrDn B + H
SPY 275 64 5.5 3 4
QQQ 865 62 6.1 3 5
EEM 278 60 5.3 2 0
IWM 783 61 6.1 2 -3
HYG 21 51 2.7 1 0.5
EWZ 798 58 5.6 5 26
LQD 12 54 2 1 6
EFA 121 61 4.5 2 -7
FXI 391 63 5.4 3 -15
XLF 200 58 3.4 5 -3
CRYPTOCURRENCIES
Symbol Profit % Trade % PF Max DrDn B + H
BTC/USD 3 million 55 4.7 8 -8
ETH/USD 2 million 52 4.9 21 -54
XRP/USD 6 million 52 4 13 -16.6
LTC/USD 222,000 54 3 13 13
BCH/USD 380,000 54 4.6 28 -5
EOS/USD 147,000 55 2.7 20 13
BNB/USDT 2 million 54 4.4 14 143
BSV/USD 334,000 65 18 5 -8
XLM/USD 34 million 51 2.8 12 34
ADA/USD 48,000 64 7 6 3
FOREX PAIRS
Symbol Profit % Trade % PF Max DrDn B + H
EUR/USD 13 41 1.3 5 -4
USD/JPY 3 37 1.1 4 -1
AUD/USD 24 43 1.4 4 10
USD/CAD 20 43 1.7 4 3
GBP/USD 36 46 1.8 2 -5
NZD/USD 21 47 1.6 2 -6
GBP/JPY 40 42 1.6 2 -6
EUR/JPY 18 54 3.2 2 -5
AUD/JPY 47 44 1.8 5 -10
EUR/GBP 17 46 1.7 4 0.1
Renko Trend MomentumA momentum indicator that shows bulls vs bears strength of renko brick production. The algorithm takes into account rapid brick production within a single time candle and adjust accordingly. The output may vary slightly between different chart time frames for the same indicator settings, but this is due to the lack of price fluctuation visibility that can occur in higher chart time frames. If the brick tick size is low, an appropriate chart interval should be selected that maximizes the amount of price volatility visible to the indicator.
Plots the normalized rate of new Renko Up Brick production vs new Renko Down Brick production.
Custom crossover threshold to help prevent whipsaws and keep you in the trend.
Shows pending areas when a crossover is imminent.
Custom time-based buffer combined with a crossover to keep you in the trend.
Shows crossover background color changes when the direction of the Renko Trend changes.
Works well with Renko Price Bars Overlay script.
