Live, non-repainting strategy using RENKO and RSI mixed together to multiple types of long and short positions.
- Features -
Live entry direction with trade warnings and alerts
Live trade building buy and sell limits (for buy/sell limits)
Entry location icons as well as pyramid entries (to add to existing position)
Swing trades that keep you in the trade for the maximum possible profit
1 scalp target based on the RSI settings and entry location
Dynamic trailing stop for swings and scalps
Alert conditions for every update and condition change of the strategy (Provided by indicator study)
4 pre-built color themes, including candlestick coloring
This script is used solely for alerts to the RSI-RENKO Divine Strategy, because Trading View still after 3 years of requesting does not provide the ability to use alert conditions inside a strategy script, only an indicator script. This strategy should be used to backtest your settings. Beyond alerts and strategy inputs, the strategy and indicator are identical.
Release Notes
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Updated volatile brick algorithm. The strategy should perform better when switching to higher timeframes for low tick brick sizes. It is difficult to garner information from a single time candle that can blast through both the upper and lower next brick thresholds. It takes careful design to maximize the accuracy in these cases.
New [MISC] areas added to modify the live target/stop/threshold labels and horizontal lines.
Release Notes
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Fixed Bugs.
Release Notes
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Fixed display bugs.
Release Notes
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Improved renko volatile brick production engine.
Added Renko-RSI merge feature.
See Merge feature video here
Release Notes
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Updated copyright.
Added member features.
Release Notes
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Updated strategy-backtesting.
Release Notes
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Fixed OB and OS merge labels.
Release Notes
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Updated member features.
Release Notes
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Added member features.
Release Notes
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Updated member features.
Release Notes
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Slight tweak to limit entry algorithm. If an entry is "missed" because the price bounced to fast, there is now a second opportunity to get into the trade under strict conditions.