This script displays the renko chart of the candlesticks chart
The color of the chart is green (red) if the trend is up (down).
The following settings are available:
Renko parameters:
Timeframe parameters:
Alerts are also provided, to catch these conditions:
The color of the chart is green (red) if the trend is up (down).
The following settings are available:
Renko parameters:
- Style = Box Size Assignment Method: 'ATR', 'Traditional'.
- Parameter = ATR Length if `Style` is equal to 'ATR', or Box Size if `style` is equal to 'Traditional'.
Timeframe parameters:
- Period = Resolution, e.g. 'm' - minutes, 'D' - daily, 'W' - weekly, 'M' - monthly, or same as chart
- Multiplier = Multiplier of resolution, e.g. '60' - 60m if Period is 'm'
Alerts are also provided, to catch these conditions:
- trend change = up to down or viceversa
- bullish reversal = down to up
- bearish reversal = up to down