This is an implementation of a strategy based on two MA Ribbons, a Fast Ribbon and a Slow Ribbon. This strategy can be used on Normal candlestick charts or Renko charts (if you are familiar with them).
The strategy revolves around a pair of scripts: One to generate alerts signals for Autoview and one for Backtesting, to tune your settings.
The risk management...
This "Strategy" project has been created by request.
*** EXPERIMENTAL ***
*** USE AT YOUR OWN RISK ***
Description:
Strategy based around Renko Bar Chart emulator (ATR) with direction change used to signal long/short trades.
I have generally found that setting the strategy ATR resolution to 3-5x that of the chart you are viewing tends to yield the good...
You must be using the renko chart with traditional settings with the block size set at .0001. This can be done by going to settings. Style at the bottom should be changed from ATR to traditional. The set the block size as .0001.
![ETHBTC: [Autoview][BackTest]Dual MA Ribbons R0.12 by JustUncleL](https://s3.tradingview.com/k/KpbbCOzp_mid.png "[Autoview][BackTest]Dual MA Ribbons R0.12 by JustUncleL")
![GBPUSD: [STRATEGY]Renko Emulator OCC v1 by JustUncleL](https://s3.tradingview.com/c/CmZUAjHp_mid.png "[STRATEGY]Renko Emulator OCC v1 by JustUncleL")
