RicardoSantos

[RS]Renko Moving Average V0

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Renko based Moving average
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study("[RS]Renko Moving Average V0", shorttitle="[RS]RMA.V0", overlay=true)
decay = input(250, type=float) * syminfo.mintick
detection = input(1)
smooth = input(2)
hh = highest(detection)
ll = lowest(detection)

rprice = round(close/decay)*decay
predosc = nz(dosc[1], rprice)
dosc = hh > predosc + decay and hh+decay < predosc + decay ? predosc + decay :
        hh > predosc + decay and hh+decay > predosc + decay ? rprice :
        ll < predosc - decay and ll-decay > predosc - decay ? predosc - decay :
        ll < predosc - decay and ll-decay < predosc - decay ? rprice : predosc

///////////////
//bricksize = input(100) * syminfo.mintick
smoothprice = sma(dosc, smooth)

p0 = plot(smoothprice, color=black, linewidth=2)
p1 = plot(rprice, color=gray)
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