[LAVA] Renko Mod
Tradingview.com Pinescript @author Ni6HTH4wK (LAVA) with assistance from @cryptographic1
Original code by Richard Santos, (RS)Renko Mod
(RS) www.tradingview.com/u/RicardoSantos/
(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/8Few2Z2H - Fixes missed bottoms / tops (April 15th, 2015)
pastebin.com/EkV2rJBC - Fixes slow recognition of steep movements (April 25th, 2015)
Original code by Richard Santos, (RS)Renko Mod
(RS) www.tradingview.com/u/RicardoSantos/
(LAVA) 19P7bkzqSAwSm6X7tXmRVkx6AuBXEUZioo
Traditional cross and circles view displayed here, but my favorite look is small linebreak and circles.
Different views available...
Type 2 -
**EDIT**
pastebin.com/8Few2Z2H - Fixes missed bottoms / tops (April 15th, 2015)
pastebin.com/EkV2rJBC - Fixes slow recognition of steep movements (April 25th, 2015)
// Tradingview.com Pinescript @author Ni6HTH4wK [LAVA] with assistance from @zmm20
// Original code by Richard Santos, [RS]Renko Mod
// ########## ☺♦♣♠♥☺ TIP YUR DEALER ☺♥♠♣♦☺ ###########
// [RS] https://www.tradingview.com/u/RicardoSantos/
// [LAVA] 19P7bkzqSAwSm6X7tXmRVkx6AuBXEUZioo
study("[LAVA] Renko Mod", overlay=true)
// Vars
n1 = input(1, title="Bricksize", minval=.01, type=float)
q1 = input(false, title="Type 1 (Def 2)")
q2 = input(false, title="Bar Colors")
// Sources
prclos = na(rclose[1])?round(close):nz(rclose[1])
propen = na(ropen[1])?round(open):nz(ropen[1])
// Renko (type 1 or type 2)
type = (q1?n1:n1*2)
rclose = close > prclos+type? prclos>propen? prclos+n1 : prclos+type :
close < prclos-type? prclos<propen? prclos-n1 : prclos-type : prclos
ropen = rclose > prclos ? prclos>propen or q1? prclos : prclos+n1 :
rclose < prclos ? prclos<propen or q1? prclos : prclos-n1 : nz(ropen[1])
// Coloring
que = rclose > prclos ? 1 : rclose < prclos ? -1 : nz(que[1])
rc = que>0?green : que<0?red : na
// Plotting
plot(que>0?ropen:na, title="Renko Gurīn Open", style=circles, color=green, linewidth=2)
plot(que<0?ropen:na, title="Renko Aka Open", style=circles, color=red, linewidth=2)
plot(que>0?rclose:na, title="Renko Gurīn Close", style=cross, color=green, linewidth=3)
plot(que<0?rclose:na, title="Renko Aka Close", style=cross, color=red, linewidth=3)
barcolor(q2?rc:na)