[STRATEGY][RS]The Truth Strategy V0 by RicardoSantos

strategy renko

Experimental:
this is what really happens with "The Illusion Strategy"

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//@version=2
strategy(title='[STRATEGY][RS]The Truth Strategy V0', shorttitle='S', overlay=true, pyramiding=3, initial_capital=100000, currency=currency.USD)
trade_size = 10000
renko_mode = input(title='Renko mode (ATR, Traditional):', type=string, defval='Traditional', confirm=false)
renko_value = input(title='Renko value:', type=float, defval=0.0003, step=0.00001)
r = renko(tickerid, "open", renko_mode, renko_value)
ro = security(r, period, open)
rc = security(r, period, close)
plot(title='RO', series=ro, color=gray)
plot(title='RC', series=rc, color=black)
buy_entry = rc > ro
sel_entry = rc < ro

strategy.entry('buy', long=strategy.long, qty=trade_size, comment='buy', when=buy_entry)
strategy.entry('sell', long=strategy.short, qty=trade_size, comment='sell', when=sel_entry)