OPEN-SOURCE SCRIPT
Renko + Candles

This indicator has been designed to show you both candle chart and Renko chart in one place.
I think most of you are familiar with candle chart which is working with the time and price movements but Renko chart is based on price differences and is not related to the "time" parameter.
so if you see a Renko brick is appear up(or down) to the previous brick it means that a certain and fixed price movement has been occurred (which mostly calculate by ATR). and also this indicator works in any time frame.
Remember because we want both charts we have time parameter in this indicator, and if the price doesn't move up or down a certain percentage from previous bars, it will plot a renko bar beside the previous one.
you can use this indicator to see if the price moves up or down.
Or you can determine the important support and resistances with much less noises.
it can be used as a confirmation for you to keep your positions or exit.
go ahead and discover it...
If you have any questions, don't hesitate! ask in the comments section below.
I think most of you are familiar with candle chart which is working with the time and price movements but Renko chart is based on price differences and is not related to the "time" parameter.
so if you see a Renko brick is appear up(or down) to the previous brick it means that a certain and fixed price movement has been occurred (which mostly calculate by ATR). and also this indicator works in any time frame.
Remember because we want both charts we have time parameter in this indicator, and if the price doesn't move up or down a certain percentage from previous bars, it will plot a renko bar beside the previous one.
you can use this indicator to see if the price moves up or down.
Or you can determine the important support and resistances with much less noises.
it can be used as a confirmation for you to keep your positions or exit.
go ahead and discover it...
If you have any questions, don't hesitate! ask in the comments section below.
开源脚本
秉承TradingView的精神,该脚本的作者将其开源,以便交易者可以查看和验证其功能。向作者致敬!您可以免费使用该脚本,但请记住,重新发布代码须遵守我们的网站规则。
Telegram:
t.me/trade_magicians
You can contact me to order your personal indicator in PM or on Telegram: @trade_magicians
t.me/trade_magicians
You can contact me to order your personal indicator in PM or on Telegram: @trade_magicians
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神,该脚本的作者将其开源,以便交易者可以查看和验证其功能。向作者致敬!您可以免费使用该脚本,但请记住,重新发布代码须遵守我们的网站规则。
Telegram:
t.me/trade_magicians
You can contact me to order your personal indicator in PM or on Telegram: @trade_magicians
t.me/trade_magicians
You can contact me to order your personal indicator in PM or on Telegram: @trade_magicians
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。