A simple renko script with bar and background colored In this way ups and downs can be seen more easily Alerts are added for buy/sell, long/short Possibility to show bricks colours and background colours, according to the market situation
This script is based on some variations of Rocket (from Until1Mil group) scalping strategies. It uses Renko to determine buy/sell areas. More details can be found on my steemit page (same user as here).
Renko 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...