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OPEN-SOURCE SCRIPT
Updated

Tick Renko Chart - Percent Based

17 701
A Renko Tick chart based on continuously adjusting percentage.

  • Live Renko bricks formed by tick data
  • Adjustable brick width
  • Outline mode, or line mode for more bricks
  • Scalp with a Renko, get weird.


The settings can and will break the script if you turn them up too high. Turning off outline mode will not look as nice, but can potentially allow for a larger number of bricks.
Release Notes
Line width adjustment.
Release Notes
Line width adjustment
Release Notes
Image Reset
Release Notes
Updated to take advantage of a new Pine feature: Boxes.
tradingview.com/blog/en/new-drawing-box-24667/

This means instead of hacking together boxes with a bunch of lines the bricks can be made more efficiently, each brick is a box.

This should allow for higher settings for the number of bricks to display.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

bajaco
renkoTICKTrend AnalysisVolatility

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
renkoTICKTrend AnalysisVolatility

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

bajaco

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.