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alexgrover

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Standard Deviation Trend Analysis trend LINE filter renko
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standarddeviation trendanalysis trend line filter renko
An indicator inspired by the Renko chart.Instead of using a static box size we use standard deviation, this make the indicator more reactive to the market state.

snapshot

If the indicator show no values then you have to round the price to the nearest integer, for that use the round parameter.

Hope you enjoy :)

Release Notes:
No longer need to use a round number as initial value.
Release Notes:
Modified Colors
Check out the indicators we are making at luxalgo: www.tradingview.com/u/LuxAlgo/
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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