PROTECTED SOURCE SCRIPT
Morpheus Renko Chart Overlay by Zekis
Renko is very useful in many strategies, but Tradingview does not support original Renko charts, where time is 0 and the single variable is the price action
This script can overlay the normal Candles Chart with Renko bricks and behaves like an original Renko brick formula
This is a simple way of looking at a Renko Chart inside a normal Candles Chart
You need to adjust the value manualy, like in Traditional Renko
If a price goes up by that value, new brick is formed with green color, vice versa for the down side
I filled bricks with red and green for a better view
Added Long and Short signs
Added alerts
(Original script wrote by Richard Santos and modified by Ni6HTH4wK)
Enjoy!
zekis
This script can overlay the normal Candles Chart with Renko bricks and behaves like an original Renko brick formula
This is a simple way of looking at a Renko Chart inside a normal Candles Chart
You need to adjust the value manualy, like in Traditional Renko
If a price goes up by that value, new brick is formed with green color, vice versa for the down side
I filled bricks with red and green for a better view
Added Long and Short signs
Added alerts
(Original script wrote by Richard Santos and modified by Ni6HTH4wK)
Enjoy!
zekis
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