vdubus

Vdub Renko Sniper VX1 v1

8737 31 1075
Modified Vdub FX SniperVX2 Color v2 for use with Renko Bars

Sniper series
Vdub Renko Sniper VX1 v1

Vdub FX SniperVX2 Color v2

Vdub FX SniperVX  v1

Vdub Binary Options SniperVX  v1



Remove from Favorite Scripts Add to Favorite Scripts
//╭╮╱╱╭╮╭╮╱╱╭╮
//┃╰╮╭╯┃┃┃╱╱┃┃
//╰╮┃┃╭┻╯┣╮╭┫╰━┳╮╭┳━━╮
//╱┃╰╯┃╭╮┃┃┃┃╭╮┃┃┃┃━━┫
//╱╰╮╭┫╰╯┃╰╯┃╰╯┃╰╯┣━━┃
//╱╱╰╯╰━━┻━━┻━━┻━━┻━━╯
//╭━━━┳╮╱╱╱╱╱╱╱╭╮
//┃╭━╮┃┃╱╱╱╱╱╱╱┃┃
//┃┃╱╰┫╰━┳━━┳━╮╭━╮╭━━┫┃
//┃┃╱╭┫╭╮┃╭╮┃╭╮┫╭╮┫┃━┫┃
//┃╰━╯┃┃┃┃╭╮┃┃┃┃┃┃┃┃━┫╰╮
//╰━━━┻╯╰┻╯╰┻╯╰┻╯╰┻━━┻━╯
//━╯
//Vdub Renko SniperVX1 v1 // ATR Setting = 1
//  ©Vdubus http://www.vdubus.co.uk/
study("Vdub Renko SniperVX1 v1", overlay=true, shorttitle="Vdub_Renko_SniperVX1_v1")
//===================Candle body resistance Channel==================//
len = 34
src = input(close, title="Renko Channel")
out = sma(src, len)
last8h = highest(close, 13)
lastl8 = lowest(close, 13)
bearish = cross(close,out) == 1 and falling(close, 1)
bullish = cross(close,out) == 1 and rising(close, 1)
channel2=input(true, title="Renko Channel On/Off")
ul2=plot(channel2?last8h:last8h==nz(last8h[1])?last8h:na, color=black, linewidth=1, style=linebr, title="Renko Channel top", offset=0)
ll2=plot(channel2?lastl8:lastl8==nz(lastl8[1])?lastl8:na, color=black, linewidth=1, style=linebr, title="Renko Channel bottom", offset=0)
fill(ul2, ll2, color=fuchsia, transp=90, title="Renko Channel")
//=============================================================//

// Moddified [RS]Support and Resistance V0
RST = input(title='Renko Channel length', type=integer, defval=1)     // color zone length
RSTT = valuewhen(high >= highest(high, RST), high, 0)
RSTB = valuewhen(low <= lowest(low, RST), low, 0)
RT2 = plot(RSTT, color=RSTT != RSTT[1] ? na : red, linewidth=1, offset=+0)
RB2 = plot(RSTB, color=RSTB != RSTB[1] ? na : green, linewidth=1, offset=0)

//--------------------Trend colour ema------------------------------------------------// 
src0 = close, len0 = input(5, minval=1, title="EMA 1")
ema0 = ema(src0, len0)
direction = rising(ema0, 2) ? +1 : falling(ema0, 2) ? -1 : 0
plot_color = direction > 0  ? lime: direction < 0 ? red : na
plot(ema0, title="EMA", style=line, linewidth=1, color = plot_color)
//--------------------Trend colour ema 2------------------------------------------------//
src02 = close, len02 = input(8, minval=1, title="EMA 2")
ema02 = ema(src02, len02)
direction2 = rising(ema02, 2) ? +1 : falling(ema02, 2) ? -1 : 0
plot_color2 = direction2 > 0  ? lime: direction2 < 0 ? red : na
plot(ema02, title="EMA Signal 2", style=line, linewidth=1, color = plot_color2)
//
//--Modified vyacheslav.shindin-------------------------------------------------//           Signal 1
//Configured ema signal output
fast = input(5, minval=1, title="Short Signal Generator")
slow = input(8, minval=1)
vh1 = ema(highest(avg(low, close), fast), 5)
vl1 = ema(lowest(avg(high, close), slow), 8)
//
e_ema1 = ema(close, 1)
e_ema2 = ema(e_ema1, 1)
e_ema3 = ema(e_ema2, 1)
tema = 1 * (e_ema1 - e_ema2) + e_ema3
//
e_e1 = ema(close, 8)
e_e2 = ema(e_e1, 5)
dema = 2 * e_e1 - e_e2
signal = tema > dema ? max(vh1, vl1) : min(vh1, vl1)
is_call = tema > dema and signal > low and (signal-signal[1] > signal[1]-signal[2])
is_put = tema < dema and signal < high and (signal[1]-signal > signal[2]-signal[1])
plotshape(is_call and direction > 0 ? 1 : na, title="BUY ARROW", color=green, text="*BUY*", style=shape.arrowup, location=location.belowbar)
plotshape(is_put and direction < 0 ? -1 : na, title="SELL ARROW", color=red, text="*SELL*", style=shape.arrowdown)
//
//Modified - Rajandran R Supertrend----------------------------------------------------- //       Signal 2
Factor=input(1, minval=1,maxval = 1000, title="Trend Transition Signal")
Pd=input(1, minval=1,maxval = 1000, title="Period")
Up=hl2-(Factor*atr(Pd))
Dn=hl2+(Factor*atr(Pd))
TrendUp=close[1]>TrendUp[1]? max(Up,TrendUp[1]) : Up
TrendDown=close[1]<TrendDown[1]? min(Dn,TrendDown[1]) : Dn
Trend = close > TrendDown[1] ? 1: close< TrendUp[1]? -1: nz(Trend[1],0)
plotarrow(Trend == 1 and Trend[1] == -1 ? Trend : na, title="Up Entry Arrow", colorup=lime, maxheight=1000, minheight=50, transp=85)
plotarrow(Trend == -1 and Trend[1] == 1 ? Trend : na, title="Down Entry Arrow", colordown=red, maxheight=1000, minheight=50, transp=85)
//
//===============================Directional Projection=======================================//
//=============Hull MA//
show_hma = input(true, title="Display Hull MA Set:")
hma_src = input(close, title="Hull MA's Source:")
hma_base_length = input(8, minval=1, title="Hull MA's Base Length:")
hma_length_scalar = input(5, minval=0, title="Hull MA's Length Scalar:")
hullma(src, length)=>wma(2*wma(src, length/2)-wma(src, length), round(sqrt(length)))
plot(not show_hma ? na : hullma(hma_src, hma_base_length+hma_length_scalar*6), color=black, linewidth=3, title="Hull MA")
//===============================================
//
fill(ul2, RT2, color=red, transp=75, title="Fill")
fill(ll2, RB2, color=green, transp=75, title="Fill")
////////////////////////////////////////////////////////////////////////////////////////////
Alphaoptions
2 years ago
Another great addition! I wonder if it is possible to code an alert when then Renko color changes then we are on the alert to watch for the Buy / Sell?
Reply
vdubus PRO Alphaoptions
2 years ago
Thank you :) Alerts aren't available for it as yet. Something i'd have to look in to
Reply
ChartArt
2 years ago
It simplifies the Bitcoin monthly chart since the year 2011 ... a lot :)

snapshot
Reply
vdubus PRO ChartArt
2 years ago
haha well you got an arrow at least
+3 Reply
practiceforex
2 years ago
really interested in using this! Just started researching Renko bars 2 weeks ago, bit of a noob question, do i just copy and paste this script in the pine editor and save?

kind regards

Reply
vdubus PRO practiceforex
2 years ago
click the star on the right hand side of the code and it'll be save in your indicator favourites
Reply
Alphaoptions
2 years ago
What Renko settings do you like to use - and if different ones for different instruments please advise so we can follow along.
Reply
vdubus PRO Alphaoptions
2 years ago
I don't trade Renko on here it's not available for pro user on short tf's Think you need to be a Pro Pro user lol I have to use in MT4 where I use Mean Renko bars which is what my strategy is based around
http://www.vdubus.co.uk/strategies.html
Reply
JRG vdubus
2 years ago
Hello - I am asking if this can be written for Ninja Trader? Can you translate the MT4 to Ninja Trader code? Thanks.
Reply
vdubus PRO JRG
2 years ago
Something I maybe looking into doing in the near future
Reply
Alphaoptions vdubus
2 years ago
It would be fantastic to have on Ninja as well as TradingView!
Reply
MrTDragonov
2 years ago
Sorry for a possibly stupid question, but how can i use this in my charts and is it possible to use it in MT4 platform ?
Reply
vdubus PRO MrTDragonov
2 years ago
click the 'Add to favourites' star at the top of the code, then go to indicators on your chart - Favourites.
No sorry Tradingview indicators are only compatible with Tradingview charts
Reply
qw1est vdubus
a year ago
Hello, can you tell when entering please
Reply
qw1est qw1est
a year ago
sorry I thought that the arrows go after
Reply
KoangSarous
a year ago
how to run this chart sir ?
Reply
syracusepro
a year ago
hullma(src, length)=>wma(2*wma(src, length/2)-wma(src, length), round(sqrt(length))) Hi, what the symbol => means on this code? Thanks.
Reply
syracusepro
a year ago
Do you have a thinkscript version of this? Thanks.
Reply
GcNaif MOD
a year ago
good one vd
Reply
beaubeau GcNaif
11 months ago
first full day of trading with renko sniper, 12 wins, only 3 losses. One question, I set the ATR to 1 on my charts, to double check my charts I had 2 open at 1 minute time frames one chart said the other chart said I have spent the past month studying renko, and I noticed in your example for pound/yen you have I do not see where I can make the adjustment unless the .31 is strictly relative to pound yen, but I don't understand why I would have .001 on one usd/jpy chart and .006 on another with the exact same setup.

Thanks for your work on the script and making it available in the public library. This was one of my best win loss trading days. I am not new to fx, but I am completely new to renko charts.
Reply
beaubeau beaubeau
11 months ago
guess chart just needed to be refreshed
Reply
vdubus PRO beaubeau
11 months ago
ave to be honest I've never traded this indicator so I can't really help. If you like Renko you may also be interested in this one I use on MT4 http://www.vdubus.co.uk/strategies.html
Reply
beaubeau vdubus
11 months ago
Thanks, I will have a look at it, appreciate the response.
Reply
vdubus PRO beaubeau
11 months ago
NP. :) Just open a chart, load up the vdubus_channel template and everything should load up fine.
Reply
beaubeau vdubus
10 months ago
Can you provide a link to the mean renko trial verson chart for mt4
Reply
vdubus PRO beaubeau
10 months ago
indicators here are for Tradingview chart only
Reply
beaubeau vdubus
10 months ago
I know, I have renko bars loaded up in mt4, for some reason, I have a very limited time frame, i thought you might have a link to a better renko trial version, but I guess they are all the same really. I have your indicator loaded into mt4 as well.
Reply
vdubus PRO beaubeau
10 months ago
Change the brick size. Your better of asking the author of the Mean Renko https://ovo.cz/products/offline-charts-for-mt4/mean-renko-bars/
Reply
beaubeau vdubus
10 months ago
got it all together now. cheers!
+1 Reply
ministryofcoders
10 months ago
hi,

I used VDUB RENKO SNIPER VX1 V1 for Binary Option 60 Sec Trading, Following is the strategy I used with result

I conduct a test for 1 hour using VDUB RENKO SNIPER VX1 V1

|||| STRATEGY:

Whole concept of this strategy is following Trend,

1) On 1 min Chart

Look for a Trend following with a large arrow, Lets take example of a down trend

2) Look for Down Trend
3) Wait for SELL signal

In this stage do not SELL until you see a SELL signal even though you will see continues down trend still don't SELL until you see a SELL signal whole concept of this strategy is to be on Safe side and follow trend.

While checking for SELL signal you might see some BUY signal even though the TREND is DOWN, just ignore them as you are currently looking for DOWN TREND / SELL SIGNALS.

4) PUT once you see a SELL signal ( Idol time for placing Trade would be 20-10 prior to PURCHASE TIME)

So yeah this is the whole strategy I use to check this indicator for BINARY OPTION 60 SEC TRADING.

||| RESULTS:
=> Wins: 14
=> Loss: 8

85% Was the Winning profit

=> Consecutive Loss: 1

This strategy is still in profit but not as much as it should be But the thing that should be noticed is the Consecutive loss figure, which is just 1 so maybe if we double up the amount when we lose the trade there is possibility of getting higher payout.

I haven't tried it yet, Maybe by tomorrow, ill test and post it here. the other thing is I couldnt calculate the profit, lol not really good in math, each trade was of $10 and winning amount per winning trade was 85% then according to my above winning ratio can any body demonstrate the profit?
Reply
shortwire PRO
19 days ago
Looks pretty good to me. Thank you. Quick question, does this repaint?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out