ZTLs Percentage-based Renko Emulator: Indicador de Zack_The_Lego

Here is another version of my Flex Renko script. It is uses percentage-based brick sizes to draw the Renkos instead of ATR or static brick sizes. What makes the percentage-based drawing style great is that one doesn't need to adjust stops so many times like they would with a ATR based Renko. It also makes moving between tickers smooth as well as one doesn't have to adjust the brick-size for each name.

to use: By default the setting is ".001" or 10 basis points. So ".01" is 1 percent or 100 basis points and so-forth. This style is perfect for those traders who make trades on a percentage basis over a price-level basis. It's also good for percentage-based stops.

The yellow lines represent where the price needs to go to draw another Renko brick.

Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con lo establecido en las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

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.

¿Quiere utilizar este script en un gráfico?

//Zack_the_Lego
study("ZTLs % Renko Emulator", overlay = true)
res = input(.001, minval = .0001, maxval = .30, title = "Resolution of ATR")

BrickSize = close[1] * res
 
Brick1    =  high >
        nz(Brick1[1],close) + BrickSize ? nz(Brick1[1],close) + BrickSize : low <
                    nz(Brick1[1],close) - BrickSize ?
                        nz(Brick1[1],close) - BrickSize
                            : nz(Brick1[1],close)
                            
Brick2 = Brick1 != Brick1[1] ? Brick1[1] : nz(Brick2[1],close)

projected = Brick1> Brick2 ? BrickSize + Brick1: Brick1 - BrickSize
projected2 = Brick1 > Brick2 ? Brick2 - BrickSize : Brick2 + BrickSize
colorer = Brick1 > Brick1[2]  ? aqua: Brick1 < Brick1[2] ? red : gray

plot(projected, color = yellow)
plot(projected2, color = yellow)
p1=plot(Brick1, color = colorer, linewidth= 4, title = "Renko")
p2=plot(Brick2, color = colorer, linewidth= 4, title = "Renko")
fill(p1,p2, color = purple, transp= 50)