Indicator utilizing a flexible renko (and other indicators assembled in a proprietary way) to "soften" the turbulence. A down-turn in renko combined with a red color signals a sell. An up-turn in renko combined with an aqua color signals a buy. Manually backtested: SPY, JNK, from May 2015 to present: 40%, 24% respectively. Can be used for day-trading or position trading. Has customizeable settings to suit your style. NOT SUITABLE FOR FOREX. (at least not tested)
I have found that this indicator repaints. The idea behind it was to create a point system to gauge health of the underlying chart using multiple timeframes. Because multiple timeframes are used, it repaints colors (flipping aqua to red and vice versa). Sorry guys. I might come back to this idea and create something that doesn;t repaint but until then...stick with my Flex Renko emulators!
Cheers
tttdiff
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@Zack_The_Lego, i believe I can’t make it not repaint. Can you share code?