It's my Awesome Oscillator I use every day in conjunction with Renko. Very powerful for spotting divergences and provides great confluence for level to level traders. Can also be used on a candle chart for trend confirmation.
Also includes the labels for divergences, toggleable inside the settings box when applied to your chart. (They're disabled on my chart)
Alerts include: 1. AO Bear Div 2. AO Bull Div 3. AO Crossing Down 0 4. AO Crossng Up 0 5. AO Two Tick Bear 6. AO Two Tick Bull ** Two tick is a great confirmation signal. **
@VonnyFX, Thanks Vonny, glad this script has helped you :)
MahmutYilmaz
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how can I access this indicator?
dilace
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which one is the best config for Renko setup for 5m or 15m or 1h...? well for intraday trading. (BTC for example)
monnicore
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@dilace, Really depends on what you're trying to do. I'm a level trader, so I keep mine on ATR 14 (keep in mind ATR repaints).
If you're scalping, it's worth checking out Sierra. Sierra uses tick data which is better than what TradingView provides.