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Renko

New Type of Indicator. Renko Overlay Bars.CM_Renko Overlay Bars V1 Overlays Renko Bars on Regular Price Bars. ***Color of Renko Open and Close Lines Change Based on Direction. Default Renko plot is based on Average True Range. Look Back period adjustable in Inputs Tab. If you Choose to use "Traditional" Renko bars and pick the Size of the Renko Bars the please read below. Value in Input Tab is multiplied by .001 (To work on Forex) 1 = 10 pips on EURUSD - 1 X .001 = .001 or 10 Pips 10 = .01 or 100 Pips 1000 = 1 point to the left of decimal. 1 Point in Stocks etc. 10000 = 10 Points on Stocks etc. ***V2 will fix this issue.
AMEX:SPY
by ChrisMoody
5050
1122334455667788991010111112121313141415151616171718181919
…999999

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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