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Renko

Lancelot vstop intraday trending strategyDear all, Free strategy again. I found using 3 volatility stop with different settings could be very helpful when trading an intraday trending market. With the ATR setting or 5, 10, 15, we can weed out many false break. Vstop setting is OHLC4. On the other hand, this strategy also utilize Renko as part of the strategy, so you could say this strategy is mainly an intraday break out trend following strategy. Works well on BTCUSD XBTUSD, as well as other major liquid alt Pairs. And lastly, Save Hong Kong, the revolution of our times.
Pine Script® strategy
by Lancelot_Augur
2
Lancelot RR StrategyDear all, Free strategy again. This strategy consists of 2 indicators I think works well with each other as a trend following strategy. The 2 indicators are Renko chart and Relative Vigor Index. This is a long-only breakout strategy that aims to capture the majority of the trend. Works well on BTCUSD XBTUSD, as well as other major liquid Pair. Please acknowledge my effort by like and follow. And lastly, Save Hong Kong, the revolution of our times.
Pine Script® strategy
by Lancelot_Augur
[RESEARCH] Renko Chart IdentifierDespite I am not a big fan of Renko I spent some time to solve a common problem of chart type identification using absolutely obvious technique: Renko bricks have the same size. That's all. Not a cutting-edge maths. This tool allows to identify: ATR Renko charts (see ^) Traditional Renko charts Here is example for Traditional Renko: It also works correctly with other chart types: Classic Candles Heikin-Ashi Kagi PnF Range Bars Remember @everget ! And pay attention to the license before use)
Pine Script® indicator
by everget
11
Renko Strategy Open_CloseSimple Renko strategy, very profitable. Thanks to vacalo69 for the idea. Rules when the strategy opens order at market as follows: - Buy when previous brick (-1) was bearish and previous brick (-2) was bearish too and actual brick close is bullish - Sell when previous brick (-1) was bullish and previous brick (-2) was bullish too and actual brick close is bearish Rules when the strategy send stop order are the same but this time a stop buy or stop sell is placed (better overall results). Note that strategy open an order only after that condition is met, at the beginning of next candle, so the actual close is not the actual price. Only input is the brick size multiplier for stop loss and take profit: SL and TP are placed at (brick size)x(multiplier) Or put it very high if you want startegy to close order on opposite signal. Adjust brick size considering: - Strategy works well if there are three or more consecutive bricks of same "color" - Expected Profit - Drawdown - Time on trade This strategy uses Renko charts with TRADITIONAL bricks, so no repaint. Study with alerts, MT4 expert advisor and jforex automatic strategy are available at request. Please use comment section for any feedback.
Pine Script® strategy
by 03.freeman
39
Renko CandlesticksRenko charts are awesome . They reduce noise by only painting a brick on the chart when price moves by a specified amount up/down. When the price reverses, it must go twice the specified amount before a brick is painted. Time is not a factor, just price movement. Sometimes however, you want the pros of a renko chart, but on a regular candlestick chart. This indicator attempts to do just that. A band is placed around price action showing the upper and lower bounds of what would be the current renko brick. The band only goes up/down when the price action itself moves up/down by the amount you specify. There are several ways of specifying the amount: Fixed Price Amount: As the name says, you enter the brick size amount, i.e. the amount the price has to move before being in a new brick. % of Price: This method will calculate the amount the price has to move as a percentage of the price itself. This way as price goes up/down, your brick size will adjust accordingly. Recommended values would be around 1% or less. % of ATR: This option will make the brick size a percentage of the Average True Range. You can specify the ATR time frame to be different from your current time frame as well as the ATR length. For instance you could be on a 10 minute chart but specify the ATR to be daily with a length of 3 and a percentage amount of 15. This would make your brick size 15% of the Average True Range for the last 3 days. Recommended values are 10 to 20%. Use this indicator on any time frame, even the 1 minute as the renko bands span the price action the same way on any time frame easily letting you know whether or not the price has moved appreciably, regardless of how much time has passed. You can also set alerts easily, simply set the alert to crossing and choose “Renko Candlesticks” instead of “Value”. You will then see the options for the renko upper and lower bounds. Tested on Bitcoin with the following values: Fixed Price Amount: 30 ($30) % of Price: 0.45 (if Bitcoin is $7000 then the brick size would be $31.50) % of ATR: 15%, ATR Time Frame: 1D, ATR Length: 3 (3 days)
Pine Script® indicator
by ragamufin
19
RENKO INDICATOR OVERLAY by CryptoJoncisA very simple and basic renko indicator for any time frame and ticker. Please be aware, the minimum value for traditional renko box size = 0.0001 so if you are using this indicator for trading with cryptocurrencies, it might be better to use ATR for that. Can be merged together with main chart for better performance. Consider a tip if you find this helpful BTC: 3FiBnveHo3YW6DSiPEmoCFCyCnsrWS3JBR ETH: 0xac290B4A721f5ef75b0971F1102e01E1942A4578
Pine Script® indicator
by CryptoJoncis
2