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[INDICATOR]Renko Emulator OCC v1 by JustUncleL

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This "Study" project has been created by request and is used in conjunction with the "Strategy" version.

*** EXPERIMENTAL ***
*** USE AT YOUR OWN RISK ***


Description:
Indicator based around Renko Bar Chart emulator (ATR) with direction change used to signal buy/sell trades.
I have generally found that setting the strategy ATR resolution to 3-5x that of the chart you are viewing tends to yield the good results, regardless of which chart time used. Positions get taken automatically following THE Renko Bar after a crossover.

Notas de prensa
As requested I have updated to include "Traditional" Renko Method Bricks.
  • Updated to Pinescript V4.
  • Added options to select Renko Method.
  • Added alertconditions for "BUY" and "SELL" triggers.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.