OPEN-SOURCE SCRIPT
TEMA Cross on Renko Candles
Renko candles filter out noise by plotting a fixed change in price rather than a fixed time frame.
Strategies like MACD or MA cross can give a lot of false signals when the price is wavy, but not actually going anywhere. This is especially a problem with small time frames.
Since it's so easy to identify trends on a Renko plot, this strategy uses a simple moving average cross idea. Instead of an EMA, we use a TEMA (triple exponential moving average) because that version does not lag as much.
We also will avoid buying when the price is above a longer-term smoothed moving average. This means we will hopefully reduce bags, but we will also miss some trades.
Also included are
avg_protection -- if >0 only buy when it will bring down our average price, else buy whenever the TEMA crosses over the short-term SMA
gain_protection -- if >0 only sell when we meet out min_gain %, otherwise sell whenever TEMA crosses under the short-term SMA
I've been setting my Renko candles to a fixed range instead of ATR, and I use increments of roughly 0.1% in the example chart.
Strategies like MACD or MA cross can give a lot of false signals when the price is wavy, but not actually going anywhere. This is especially a problem with small time frames.
Since it's so easy to identify trends on a Renko plot, this strategy uses a simple moving average cross idea. Instead of an EMA, we use a TEMA (triple exponential moving average) because that version does not lag as much.
We also will avoid buying when the price is above a longer-term smoothed moving average. This means we will hopefully reduce bags, but we will also miss some trades.
Also included are
avg_protection -- if >0 only buy when it will bring down our average price, else buy whenever the TEMA crosses over the short-term SMA
gain_protection -- if >0 only sell when we meet out min_gain %, otherwise sell whenever TEMA crosses under the short-term SMA
I've been setting my Renko candles to a fixed range instead of ATR, and I use increments of roughly 0.1% in the example chart.
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开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。