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Rira Renko

RENKO on Time Chart


This indicator is an enhanced Renko, so you can watch the Renko bricks on the chart to understand price movement more clearly
the other improvement is automated box size according to ATR (Average True Range) period
you can set the ATR number as you want and the box size of Renko changes automatically based on price movement


Inputs


  • Mode: Box size is the input to specify the size of the Renko box you want to print on the chart. This input lets you choose the fixed box size or automated based on the ATR period


  • ATR Period: If you chose automated box size set a compatible period with your strategy


  • Fixed Box Size: if you chose the fixed box size (input you enter in this section is based on points)


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Renko Bollinger Bands
Vitor Palmeira Abbehusen
Renko Bollinger Bands are Bollinger bands based on Renko boxes. You can see the free enhanced Renko indicator here . This indicator can be useful to get a better aspect of the price and deviation since it is based on Renko bars. Also the Main line of Bollinger Band is the SMA of Renko bars based on the Period in the inputs. Inputs: Box Size: Renko box size based on market Points. Period: Bollinger Bands Period Deviation: Bollinger Bands Deviation.
Renko Moving Average
Vitor Palmeira Abbehusen
This indicator gives you the Moving Average based on Renko chart. A   Renko chart   is a type of chart that is built using price movement rather than both price and standardized time intervals like most charts are. A Moving Average based on Renko chart is considered less noisy since it is not based on the time and only based on price change. You can see my free enhanced Renko indicator here . Inputs: Box Size: Renko box size based on market Points. Period: Moving Average Period Method: Moving
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ebumyqu
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Vitor Palmeira Abbehusen
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Reply from developer Vitor Palmeira Abbehusen 2021.11.16 11:33
Thanks for your review.
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