OPEN-SOURCE SCRIPT
Renko chart
This script displays the renko chart of the candlesticks chart
The color of the chart is green (red) if the trend is up (down).
The following settings are available:
Renko parameters:
Timeframe parameters:
Alerts are also provided, to catch these conditions:
The color of the chart is green (red) if the trend is up (down).
The following settings are available:
Renko parameters:
- Style = Box Size Assignment Method: 'ATR', 'Traditional'.
- Parameter = ATR Length if `Style` is equal to 'ATR', or Box Size if `style` is equal to 'Traditional'.
Timeframe parameters:
- Period = Resolution, e.g. 'm' - minutes, 'D' - daily, 'W' - weekly, 'M' - monthly, or same as chart
- Multiplier = Multiplier of resolution, e.g. '60' - 60m if Period is 'm'
Alerts are also provided, to catch these conditions:
- trend change = up to down or viceversa
- bullish reversal = down to up
- bearish reversal = up to down
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.
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.
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.
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.