RenkoLevel %R High-Low alert — Indicator by Jesse.Lau

This script is adding Renko idea to %R

I trade forex so the right side is displayed by Currency pips. Feel free to change it.

The chart is not repainted.

Default:
- 120-hour bar chart (one week)
- 20% of HL(highest - lowest) price changes will affect renko color change

Release Notes:

- fix the bug
- add the alert for adding position

遁一子交易入道 jesselau.com/

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.

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