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In den Scripts nach "renko" suchen

[LAVA] Renko ModTradingview.com Pinescript @author Ni6HTH4wK (LAVA) with assistance from @zmm20 Original code by Richard Santos, (RS)Renko Mod (RS) www.tradingview.com (LAVA) 19P7bkzqSAwSm6X7tXmRVkx6AuBXEUZioo Traditional cross and circles view displayed here, but my favorite look is small linebreak and circles. Different views available... Type 2 - Type 1 - Without barcoloring - **EDIT** pastebin.com - Fixes missed bottoms / tops (April 15th, 2015) pastebin.com - Fixes slow recognition of steep movements (April 25th, 2015)
Pine Script® Indikator
von Ni6HTH4wK
5
Renko Periodic Spiral of Archimedes-Secret Geometry - AYNETHow It Works Dynamic Center: The spiral is centered on the close price of the chart, with an optional vertical offset (center_y_offset). Spiral Construction: The spiral is drawn using segments_per_turn to divide each turn into small line segments. spacing determines the radial distance between successive turns. num_turns controls how many full rotations the spiral will have. Line Drawing: Each segment is computed using trigonometric functions (cos and sin) to calculate its endpoints. These segments are drawn sequentially to form the spiral. Inputs Center Y Offset: Adjusts the vertical position of the spiral relative to the close price. Number of Spiral Turns: Total number of full rotations in the spiral. Spacing Between Turns: Distance between consecutive turns. Segments Per Turn: Number of segments used to create each turn (higher values make the spiral smoother). Line Color: Customize the color of the spiral lines. Line Width: Adjust the thickness of the spiral lines. Example If num_turns = 5, spacing = 2, and segments_per_turn = 100: The spiral will have 5 turns, with a radial distance of 2 between each turn, divided into 100 segments per turn. Let me know if you have further requests or adjustments to the visualization!
Pine Script® Indikator
von Aynet-London
Price Percent Chart (PPC)Price Percent Chart (PPC) is a percentage-based price visualization indicator inspired by the Renko concept. Instead of using fixed price blocks, PPC forms blocks based on a configurable percentage movement, allowing users to adjust the settings according to their preference and market conditions. This indicator focuses on price movement rather than time and can be used on any timeframe or market. It helps visualize market structure, directional flow, and relevant price levels with greater clarity. A new block is formed when price moves up or down by the selected percentage. The block size adjusts dynamically as price changes, filtering minor price fluctuations and highlighting meaningful movement. The information panel displays the block size in percentage, the approximate block value in price, the current active block price, the next upward level, and the next downward level. All price values shown are approximate and depend on the current price and selected settings. Key characteristics include percentage-based price blocks, a Renko-inspired but non-traditional structure, time-independent price visualization, user-configurable parameters, compatibility with any market or timeframe, and a clean, minimal visual design. This indicator does not provide buy or sell signals and should not be used as standalone trading advice. It is intended strictly for educational and analytical purposes and should be combined with proper risk management and personal analysis. This indicator is provided for educational and informational purposes only and does not constitute financial or investment advice.
Pine Script® Indikator
von oDouglasAlex
RenKagi Fusion: Aura & SMA Clash IndicatorRenKagi Fusion: Aura & SMA Clash Indicator Welcome to the RenKagi Fusion Indicator – a powerful, customizable tool that blends the strengths of Renko and Kagi charts to provide noise-filtered trend insights, enhanced with visual Aura effects and SMA (Simple Moving Average) crossover signals. Designed for traders seeking a unique edge in trend detection and reversal identification, this indicator combines traditional charting techniques with modern visualizations to help you navigate markets more effectively. Whether you're trading stocks, forex, or crypto, RenKagi Fusion offers a clean, actionable overview of market dynamics. Key Features RenKagi Line (Weighted Fusion of Renko and Kagi): The core of the indicator is the RenKagi line, a weighted average of Renko (brick-based trend filtering) and Kagi (reversal-focused line charts). Users can adjust the weight (default: 60% Renko, 40% Kagi) to prioritize stability or sensitivity. This fusion reduces market noise while highlighting key price movements. Trend Scoring System: Calculates strength scores for Renko, Kagi, and RenKagi (capped at 20 points, converted to percentages). Scores increase with trend continuation and reset on reversals, giving a quantitative measure of momentum. Aura Effects (Optional): Visual "glow" around lines based on score percentage – higher scores mean more opaque and thicker auras, adding a dynamic layer to trend visualization. SMA Clash (Crossover Detection): Monitors daily SMA50, SMA100, and SMA200 for golden/death crosses (SMA50 crossing above/below longer SMAs) and RenKagi-SMA crossovers. These are displayed in a persistent info table for quick reference. Customizable Visuals: Toggle lines, boxes, shapes, auras, and labels. Background coloring based on selected source (Renko, Kagi, or RenKagi) for intuitive trend bias. Info Table: A configurable table (position and colors adjustable) summarizing scores, directions, cross states, brick size (with type), Kagi reversal (with type), and weights. No clutter – all in one place. Alert Conditions: Built-in alerts for direction changes (Renko, Kagi, RenKagi), SMA crossovers, and golden/death crosses – perfect for real-time notifications. How It Works Renko Logic: Builds bricks based on user-selected type (Traditional fixed size, ATR dynamic, or Percentage). Scores build as trends persist, resetting on reversals. Kagi Logic: Line reverses on thresholds (Traditional, ATR, or Percentage), scoring continuous moves. RenKagi Calculation: Weighted average: (renkoPrice * renkoWeight + kagiLine * (100 - renkoWeight)) / 100. Score is a blend of individual scores. SMA Integration: Daily timeframe SMAs for reliable long-term signals. Crossovers trigger alerts and update table states persistently until reversed. Advantages for Traders Noise Reduction: By fusing Renko's block structure with Kagi's reversal focus, it filters out minor fluctuations, helping identify strong trends early. Versatility: Fully customizable – adjust weights, types, and visuals to fit any market or timeframe. Ideal for swing trading, trend following, or scalping. Visual Clarity: Aura and background coloring provide at-a-glance insights, while the table consolidates data without overwhelming the chart. Actionable Signals: Golden/Death crosses and direction changes offer clear entry/exit points, backed by alerts for timely execution. Performance Optimization: Limits on lines/labels/boxes (500 each) ensure smooth operation on large datasets. Usage Tips Start with default settings for balanced performance. Use in higher timeframes for trend confirmation or lower for intraday signals. Combine with your favorite strategies – e.g., buy on RenKagi upward cross with SMA50 and golden cross confirmation. Test on historical data to optimize weights and thresholds. Note: This indicator is for educational and informational purposes only. Past performance is not indicative of future results. Always conduct your own analysis and use risk management. No financial advice is provided. If you find this useful, please like, comment, or share your feedback!
Pine Script® Indikator
von IQ-TRADER
Trader Set - Modified RSI MTFThis is a modified version of RSI MTF, a similar indicator can be found in public library if anyone is interested, mine, is fabricated to work with my methology with all the addition i will add to this (just like others when i added the ability to change the moving types in critical places of formula) so that students can experiment with them (it will come in next version). also, I normalize both sections for better visualization. Please don't ask me for getting access. "CM Modified RSI MFI" search it for the base and almost similar indicator without my additions. This script will be available only for my students at the time being. like other scripts, if the learning material will be ready i will be announce in comment section, and like others, again, if i decide to sell this separated from courses i will announce in the comment section too.
Pine Script® Indikator
von CAB_Member
2
Trader Set - Fisher CycleUnfortunately, the fihser transform's formula has specifications that are not compatible with newer versions of pine script (calling mutable variables on security function). So, I had to separate this section of "Cycle" script to it's own little world and remove the versioning from the script. That, means that i can't even write the name of the oscillator on the right hand side (show_last is not there in older versions). Welcome to the world of pine script and haphazard updates of trading view without thinking about consequences of their new move !
Pine Script® Indikator
von CAB_Member
2
MACD Intraday Trend - RSJMACD Intraday Trend is an Indicator developed through an adaptation made of the original MACD created by Gerald Appel in the 1960s. Through years of trading it was observed that by changing the parameters of the MACD with Fibonacci proportions we achieve a better presentation of the continuity of the trend movements, making that it is possible to more efficiently detect the beginning and end of a price trend. Due to its efficiency in detecting price trends, it is also possible to identify very clearly the divergences of tops and bottoms, thus taking better advantage of trading opportunities. -> Every time the histogram is positive and crosses the signal line down there is a high probability that an uptrend will end and a downtrend will start. -> Every time the histogram is negative and crosses the signal line up there is a high probability of ending a downtrend and starting an uptrend. The Indicator MACD Intraday Trend works with any currency pair, at any candlesticks timeframe and with Renko charts. The Indicator has an amazing performance on Renko charts. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ MACD Intraday Trend é um Indicador desenvolvido através de uma adaptação feita do MACD original criado por Gerald Appel nos anos 1960. Através de anos de trading foi observado que alterando os parâmetros do MACD com proporções de Fibonacci conseguimos uma melhor apresentação de continuidade dos movimentos de tendência, fazendo com que seja possível detectar de forma mais eficiente o início e fim de uma tendência de preços. Devido sua eficiência em detecção de tendências de preços é possível também identificar com muita clareza as divergências de topos e fundos, desta forma aproveitando melhor as oportunidades de trading. -> Toda vez que o histograma estiver positivo e cruzar a linha de sinal para baixo existe uma alta probabilidade de fim de uma tendência de alta e início de uma tendência de baixa. -> Toda vez que o histograma estiver negativo e cruzar a linha de sinal para cima existe uma alta probabilidade de fim de uma tendência de baixa e início de uma tendência de alta. O Indicador MACD Intraday Trend funciona com qualquer par de moedas, em qualquer tempos gráficos com candlesticks e gráficos do tipo Renko. O Indicador tem uma performance surpreendente em gráficos do tipo Renko.
Pine Script® Indikator
von robsjunqueira
5
Wavelet Candle Constructor (Inc. Morlet) 2Here is the detailed description of the **Wavelet Candle** construction principles based on the code provided. This indicator is not a simple smoothing mechanism (like a Moving Average). It utilizes the **Discrete Wavelet Transform (DWT)**, specifically the Stationary variant (SWT / à Trous Algorithm), to separate "noise" (high frequencies) from the "trend" (low frequencies). Here is how it works step-by-step: ###1. The Wavelet Kernel (Coefficients)The heart of the algorithm lies in the coefficients (the `h` array in the `get_coeffs` function). Each wavelet type represents a different set of mathematical weights that define how price data is analyzed: * **Haar:** The simplest wavelet. It acts like a simple average of neighboring candles. It reacts quickly but produces a "boxy" or "jagged" output. * **Daubechies 4:** An asymmetric wavelet. It is better at detecting sudden trend changes and the fractal structure of the market, though it introduces a slight phase shift. * **Symlet / Coiflet:** More symmetric than Daubechies. They attempt to minimize lag (phase shift) while maintaining smoothness. * **Morlet (Gaussian):** Implemented in this code as a Gaussian approximation (bell curve). It provides the smoothest, most "organic" effect, ideal for filtering noise without jagged edges. ###2. The Convolution EngineInstead of a simple average, the code performs a mathematical operation called **convolution**: For every candle on the chart, the algorithm takes past prices, multiplies them by the Wavelet Kernel weights, and sums them up. This acts as a **digital low-pass filter**—it allows the main price movements to pass through while cutting out the noise. ###3. The "à Trous" Algorithm (Stationary Wavelet Transform)This is the key difference between this indicator and standard data compression. In a classic wavelet transform, every second data point is usually discarded (downsampling). Here, the **Stationary** approach is used: * **Level 1:** Convolution every **1** candle. * **Level 2:** Convolution every **2** candles (skipping one in between). * **Level 3:** Convolution every **4** candles. * **Level 4:** Convolution every **8** candles. Because of this, **we do not lose time resolution**. The Wavelet Candle is drawn exactly where the original candle is, but it represents the trend structure from a broader perspective. The higher the `Decomposition Level`, the deeper the denoising (looking at a wider context). ###4. Independent OHLC ProcessingThe algorithm processes each component of the candle separately: 1. Filters the **Open** series. 2. Filters the **High** series. 3. Filters the **Low** series. 4. Filters the **Close** series. This results in four smoothed curves: `w_open`, `w_high`, `w_low`, `w_close`. ###5. Geometric Reconstruction (Logic Repair)Since each price series is filtered independently, the mathematics can sometimes lead to physically impossible situations (e.g., the smoothed `Low` being higher than the smoothed `High`). The code includes a repair section: ```pinescript real_high = math.max(w_high, w_low) real_high := math.max(real_high, math.max(w_open, w_close)) // Same logic for Low (math.min) ``` This guarantees that the final Wavelet Candle always has a valid construction: wicks encapsulate the body, and the `High` is strictly the highest point. --- ###Summary of ApplicationThis construction makes the Wavelet Candle an **excellent trend-following tool**. * If the candle is **green**, it means that after filtering the noise (according to the selected wavelet), the market energy is bullish. * If it is **red**, the energy is bearish. * The wicks show volatility that exists within the bounds of the selected decomposition level. Here is a descriptive comparison of **Wavelet Candles** against other popular chart types. As requested, this is a narrative explanation focusing on the differences in mechanics, interpretation philosophy, and the specific pros and cons of each approach. --- ###1. Wavelet Candles vs. Standard (Japanese) CandlesThis is a clash between "the raw truth" and "mathematical interpretation." Standard Japanese candles display raw market data—exactly what happened on the exchange. Wavelet Candles are a synthetic image created by a signal processor. **Differences and Philosophy:** A standard candle is full of emotion and noise. Every single price tick impacts its shape. The Wavelet Candle treats this noise as interference that must be removed to reveal the true energy of the trend. Wavelets decompose the price, reject high frequencies (noise), and reconstruct the candle using only low frequencies (the trend). * **Wavelet Advantages:** The main advantage is clarity. Where a standard chart shows a series of confusing candles (e.g., a long green one, followed by a short red one, then a doji), the Wavelet Candle often draws a smooth, uniform wave in a single color. This makes it psychologically easier to hold a position and ignore temporary pullbacks. * **Wavelet Disadvantages:** The biggest drawback is the loss of price precision. The Open, Close, High, and Low values on a Wavelet candle are calculated, not real. You **cannot** place Stop Loss orders or enter trades based on these levels, as the actual market price might be in a completely different place than the smoothed candle suggests. They also introduce lag, which depends on the chosen wavelet—whereas a standard candle reacts instantly. ###2. Wavelet Candles vs. Heikin AshiThese are close cousins, but they share very different "DNA." Both methods aim to smooth the trend, but they achieve it differently. **Differences and Philosophy:** Heikin Ashi (HA) is based on a simple recursive arithmetic average. The current HA candle depends on the previous one, making it react linearly. The Wavelet Candle uses **convolution**. This means the shape of the current candle depends on a "window" (group) of past candles multiplied by weights (Gaussian curve, Daubechies, etc.). This results in a more "organic" and elastic reaction. * **Wavelet Advantages:** Wavelets are highly customizable. With Heikin Ashi, you are stuck with one algorithm. With Wavelet Candles, you can change the kernel to "Haar" for a fast (boxy) reaction or "Morlet" for an ultra-smooth, wave-like effect. Wavelets handle the separation of market cycles better than simple HA averaging, which can generate many false color flips during consolidation. * **Wavelet Disadvantages:** They are computationally much more complex and harder to understand intuitively ("Why is this candle red if the price is going up?"). In strong, vertical breakouts (pumps), Heikin Ashi often "chases" the price faster, whereas deep wavelet decomposition (High Level) may show more inertia and change color more slowly. ###3. Wavelet Candles vs. RenkoThis compares two different dimensions: Time vs. Price. **Differences and Philosophy:** Renko completely ignores time. A new brick is formed only when the price moves by a specific amount. If the market stands still for 5 hours, nothing happens on a Renko chart. The Wavelet Candle is **time-synchronous**. If the market stands still for 5 hours, the Wavelet algorithm will draw a series of flat, small candles (the "wavelet decays"). * **Wavelet Advantages:** They preserve the context of time, which is crucial for traders who consider trading sessions (London/New York) or macroeconomic data releases. On a wavelet chart, you can see when volatility drops (candles become small), whereas Renko hides periods of stagnation, which can be misleading for options traders or intraday strategies. * **Wavelet Disadvantages:** In sideways trends (chop), Wavelet Candles—despite the smoothing—will still draw a "snake" that flips colors (unless you set a very high decomposition level). Renko can remain perfectly clean and static during the same period, not drawing any new bricks, which for many traders is the ultimate filter against overtrading in a flat market. ###Summary**Wavelet Candles** are a tool for the analyst who wants to visualize the **structure of the wave and market cycle**, accepting some lag in exchange for noise reduction, but without giving up the time axis (like in Renko) or relying on simple averaging (like in Heikin Ashi). It serves best as a "roadmap" for the trend rather than a "sniper scope" for precise entries.
Pine Script® Indikator
von wojlucz
Weis Wave ChartThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. Unlike other implementations I found here on TradingView, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the volume indicator here:
Pine Script® Indikator
von modhelius
20
Weis Wave VolumeThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can also be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. For assets that do not support volume Weis propose in his book to use the true range instead, so if you want to use this indicator for assets that do not support volume, make sure to enable the checkbox "Use True Range instead of Volume". Unlike other implementations I found here on Trading, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". If you want the price to oscillate around a zero value, enable the "Oscillating" checkbox. TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the zig zag indicator here:
Pine Script® Indikator
von modhelius
89