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Attachments: Blind Renko
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Blind Renko

Hey Back, what's the entry criteria when you place a trade based on your this stratgey ?
Regret is Brutal
Sorry I might be missing something but why use the indicator. You can just convert candles to Renko anyway in tradingview?
Quoting kd1
Hey Back, what's the entry criteria when you place a trade based on your this stratgey ?
I place a trade on the after the first candle close after a successful change candle colour. Stops below or above 3 Renko candles. If it retraces by 3 Renko bricks it means it has shown a reversal.
https://www.tradingview.com/x/nnPb8V8L/
Excavator to Trader
Quoting Redsub
Sorry I might be missing something but why use the indicator. You can just convert candles to Renko anyway in tradingview?
renko bricks plotted on TV repaints, this happens because it plotted based on the candle open and close values, so the moves shown on Renko bricks only represent the price move inside of a candles body and wicks movements are not shown.
hence we have time based Renko.
So by using this indicator we can see candle closes and also have then coloured with the respective Renko colour.
Excavator to Trader
Hi Backhoe, any updates on this system?

best regards
Quoting BataviaTrade
Hi Backhoe, any updates on this system? best regards
yes there is a lot I need to share, I am a little busy with work stuff. I will post my updates next week hopefully. I have a few changes made and Excell docs to post too.
Excavator to Trader
Guys i am back,, after a long it feels really good to be back trading/
Excavator to Trader
Quoting Backhoe
Guys i am back,, after a long it feels really good to be back trading/
So Whats new Mate ?
Regret is Brutal
  • Post #29
  • Quote
  • Edited at 1:14am Feb 25, 2021 12:38am | Edited at 1:14am
Quoting kd1
{quote} So Whats new Mate ?
I have made a simple script to show the Renko overlay properly on trading view chart. Just create a new pine script indicator script remove everything and paste the following code. It is still in development. (I am a novice coder) once you have the indicator saved add it to chart. The change the Line setting to "stepline" If you have set it up properly it should look like this.

Inserted Code
study(title='BlindRenko', shorttitle='BR-1', overlay=true)
tf = input(title="Timeframe", type=resolution,defval="")
mode = input('ATR')
mode_value = input(14, type=float)
//showOverlay = input(true)
showBarColors = input(true)
//showMA = input(false)
//MA_length = input(12)
rt = renko(tickerid, 'close', mode, mode_value)
ro = security(rt, tf, open)
rc = security(rt, tf, close)
p1=plot(ro,color=black,transp=0)
p2=plot(rc,color=black,transp=0)
colorf = rc > ro ? #00ff80 : rc < ro ? #ff8000 : gray
fill(p1,p2,color=colorf)
//h1=hline(float(ro))
//plot(not showOverlay ? na : max(rc,ro), color=colorf, style=columns, transp=50)
//plot(not showOverlay ? na : min(rc,ro), color=white, style=columns, transp=0)
//ma = showMA ? sma(ro, MA_length) : na
//plot(not showMA ? na : ma, color=black, linewidth=2)
barcolor(not showBarColors ? na : rc > ro ? blue : red)
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 127 KB
Excavator to Trader
  • Post #30
  • Quote
  • Edited at 1:27am Feb 25, 2021 12:44am | Edited at 1:27am
This is another tool with three time frames all in one indicator. I am working on ore tools to make our job easy, so eventually here will less manual drawing and more trading.
Features I am working on auto drawing boxes, auto calculating trends, providing alerts and auto stop loss and protection lines/alerts
I am learning pine script as I am developing this project.
if everything is setup properly it should look like this. Please note to change to step line in settings. And feel free to use your own colors.


Inserted Code
study(title='BlindRenko Multi', shorttitle='BR-Multi', overlay=true)
//tf = input(title="Timeframe", type=resolution,defval="")
tf1 = input(title="Timeframe", type=resolution,defval="60")
tf2 = input(title="Timeframe", type=resolution,defval="240")
tf3 = input(title="Timeframe", type=resolution,defval="1D")
mode = input('ATR')
mode_value = input(14, type=float)
//showOverlay = input(true)
showBarColors = input(true)
//showMA = input(false)
//MA_length = input(12)
rt = renko(tickerid, 'close', mode, mode_value)
//ro = security(rt, tf, open)
//rc = security(rt, tf, close)
ro60 = security(rt, tf1, open)
rc60 = security(rt, tf1, close)
ro240 = security(rt, tf2, open)
rc240 = security(rt, tf2, close)
ro1d = security(rt, tf3, open)
rc1d = security(rt, tf3, close)
//p1=plot(ro)
//p2=plot(rc)
//colore = rc > ro ? #00ff80 : rc < ro ? #ff8000 : gray
//fill(p1,p2,color=colore)
p160=plot(ro60)
p260=plot(rc60)
colorf = rc60 > ro60 ? #00ff80 : rc60 < ro60 ? #ff8000 : gray
fill(p160,p260,color=colorf)
p1240=plot(ro240)
p2240=plot(rc240)
colorg = rc240 > ro240 ? #00ff80 : rc240 < ro240 ? #ff8000 : gray
fill(p1240,p2240,color=colorg)
p11d=plot(ro1d)
p21d=plot(rc1d)
colorh = rc1d > ro1d ? #00ff80 : rc1d < ro1d ? #ff8000 : gray
fill(p11d,p21d,color=colorh)
 
//plot(not showOverlay ? na : max(rc,ro), color=colorf, style=columns, transp=50)
//plot(not showOverlay ? na : min(rc,ro), color=white, style=columns, transp=0)
//ma = showMA ? sma(ro, MA_length) : na
//plot(not showMA ? na : ma, color=black, linewidth=2)
barcolor(not showBarColors ? na : rc60 > ro60 ? blue : red)

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: download (1).png Size: 146 KB
Excavator to Trader
so many opportunities in the past few weeks, I will keep this thread active by posting when see a trade.
Excavator to Trader
I will also be posting the indicator script in trading view public library.
Excavator to Trader
Great trades I missed yesterday,
https://www.tradingview.com/x/AWUqqQMC/

https://www.tradingview.com/x/5Rr6djnN/
Excavator to Trader
Looking at GU will take for it to discount to the first Renko brick close. I have pending orders set.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-02-25 at 11.33.27 AM.png Size: 349 KB
Excavator to Trader
MOST OF YOU FOLLOWING HAVE ALREADY GRASPED THE STRATEGY BUT I HAVE NOT GIVEN A PROPER ENTRY AND EXIT CRITERIA.

Well i had some time to make the strategy complete with proper money management, Give me a few more days i will present the strategy with all complete details. And then we all can start trading live.

Cheers.
Excavator to Trader
  • Post #36
  • Quote
  • Last Post: Mar 2, 2021 12:51am Mar 2, 2021 12:51am
great work so far buddy....
Regret is Brutal
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