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Tick Renko Chart - Percent Based

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Volatility Trend Analysis renko TICK
544
10
volatility trendanalysis renko tick
A Renko Tick chart based on continuously adjusting percentage.

  • Live Renko bricks formed by tick data
  • Adjustable brick width
  • Outline mode, or line mode for more bricks
  • Scalp with a Renko, get weird.

The settings can and will break the script if you turn them up too high. Turning off outline mode will not look as nice, but can potentially allow for a larger number of bricks.
Release Notes:
Line width adjustment.
Release Notes:
Line width adjustment
Release Notes:
Image Reset
Release Notes:
Updated to take advantage of a new Pine feature: Boxes.
www.tradingview.com/...w-drawing-box-24667/

This means instead of hacking together boxes with a bunch of lines the bricks can be made more efficiently, each brick is a box.

This should allow for higher settings for the number of bricks to display.
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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