OPEN-SOURCE SCRIPT
Aktualisiert Renko Suite
all-in-one chart overlay engineered to clean up market noise, map structural order flow, and deliver actionable multi-market context directly on your standard time-based candle charts.
By combining synthetic Renko trend tracking with automated market structure levels and real-time index monitoring, this script allows you to spot structural shifts instantly without switching chart types.
Primary Use Cases
Noise Filtering & Trend Identification: Use synthetic Renko bar coloring to eliminate intraday choppy price movements, allowing you to hold positions during strong trends and spot real structural trend reversals early.
Initial Risk Mapping: The First-Candle Renko Box locks onto the high and low of the exact candle that triggered a new Renko color flip. Traders can use this initial range to set initial stop-losses or measure early breakout consolidation zones.
Target & Reversal Level Execution: Use the forward-looking Continuation / Flip Lines to identify exact price targets where the next Renko brick will print or where price must reverse to trigger a trend flip.
Dynamic Support/Resistance Tracking: Leverage the automated Pivot S/R lines to see where key swing highs and lows align with current Renko trends, identifying high-probability confluence zones for entries and exits.
Multi-Market Confluence: Monitor the live Index Dashboard (QQQ, SPY, DIA) in the corner of your screen to ensure individual stock trades align with the overall direction of the broader indices.
Key Features
Synthetic Renko Bar Coloring: Repaints live chart candles according to a custom-defined Renko box size without losing time-based bar visibility.
First-Candle Renko Trend Boxes: Generates a continuous visual box starting from the precise candle where a Renko color change occurs, locking its top/bottom boundaries to that trigger candle while extending forward until the next trend flip.
Forward-Looking Target & Projection Lines: Dynamically plots forward-extending line levels indicating the exact price target for the next bullish/bearish Renko brick, alongside a shaded Zero Zone marking the last closed Renko brick range.
Automated Pivot Support & Resistance: Identifies structural swing points via a multi-pass matrix algorithm and projects horizontal ray lines across your chart.
Live Index Dashboard: A non-intrusive bottom-right table providing real-time price readouts for QQQ, SPY, and DIA (including extended session data).
Inputs & Customization
Renko Settings: Adjust the primary box size, custom bullish/bearish colors, and toggle forward-looking target projection lines or the Zero Zone overlay.
Box Settings: Toggle trend boxes on/off and adjust transparency to suit dark or light chart themes.
Pivot Support / Resistance: Adjust pivot lookback periods (lb / rb), line styles (dashed, solid, dotted), widths, and distinct colors for support and resistance.
Index Display Settings: Selectively show or hide individual trackers for QQQ, SPY, or DIA.
By combining synthetic Renko trend tracking with automated market structure levels and real-time index monitoring, this script allows you to spot structural shifts instantly without switching chart types.
Primary Use Cases
Noise Filtering & Trend Identification: Use synthetic Renko bar coloring to eliminate intraday choppy price movements, allowing you to hold positions during strong trends and spot real structural trend reversals early.
Initial Risk Mapping: The First-Candle Renko Box locks onto the high and low of the exact candle that triggered a new Renko color flip. Traders can use this initial range to set initial stop-losses or measure early breakout consolidation zones.
Target & Reversal Level Execution: Use the forward-looking Continuation / Flip Lines to identify exact price targets where the next Renko brick will print or where price must reverse to trigger a trend flip.
Dynamic Support/Resistance Tracking: Leverage the automated Pivot S/R lines to see where key swing highs and lows align with current Renko trends, identifying high-probability confluence zones for entries and exits.
Multi-Market Confluence: Monitor the live Index Dashboard (QQQ, SPY, DIA) in the corner of your screen to ensure individual stock trades align with the overall direction of the broader indices.
Key Features
Synthetic Renko Bar Coloring: Repaints live chart candles according to a custom-defined Renko box size without losing time-based bar visibility.
First-Candle Renko Trend Boxes: Generates a continuous visual box starting from the precise candle where a Renko color change occurs, locking its top/bottom boundaries to that trigger candle while extending forward until the next trend flip.
Forward-Looking Target & Projection Lines: Dynamically plots forward-extending line levels indicating the exact price target for the next bullish/bearish Renko brick, alongside a shaded Zero Zone marking the last closed Renko brick range.
Automated Pivot Support & Resistance: Identifies structural swing points via a multi-pass matrix algorithm and projects horizontal ray lines across your chart.
Live Index Dashboard: A non-intrusive bottom-right table providing real-time price readouts for QQQ, SPY, and DIA (including extended session data).
Inputs & Customization
Renko Settings: Adjust the primary box size, custom bullish/bearish colors, and toggle forward-looking target projection lines or the Zero Zone overlay.
Box Settings: Toggle trend boxes on/off and adjust transparency to suit dark or light chart themes.
Pivot Support / Resistance: Adjust pivot lookback periods (lb / rb), line styles (dashed, solid, dotted), widths, and distinct colors for support and resistance.
Index Display Settings: Selectively show or hide individual trackers for QQQ, SPY, or DIA.
Versionshinweise
clean upVersionshinweise
clean up. toggle to turn off candle color Versionshinweise
fixed bar color / box timing Versionshinweise
final clean up on trend box logicVersionshinweise
candle color and boxes still one candle off occassionally. i think fixed nowVersionshinweise
was wrong. reverted. still trying to fix being slighting off in time for historical analysisVersionshinweise
ok i think i fixed it :) Versionshinweise
control of current renko range fill colorVersionshinweise
clean up. fixed flip candle logic Versionshinweise
reverted. fix didnt workVersionshinweise
ok fixed for realVersionshinweise
ok i made aslight change to logic. TV renko does not confirm box until timeframe closes. for this indicator a new box is presumed once the range is breached even if it does not close. you will see it works betterVersionshinweise
made some cosmetic changes Versionshinweise
changed imageVersionshinweise
final update i think Versionshinweise
minor tweak to address large moves in single candleVersionshinweise
settings clean up Versionshinweise
changed some supplemental elements. Brought back a macro renko to give visual understand of where we are on a higher renko framing. replaced general support resistance with implied change in character levels that help frame confluence on direction. restructured settings panel Versionshinweise
clean up new imageVersionshinweise
ok major update. we now have historical boxes. this shows clearly order flow working to continue or reversing. Versionshinweise
cleaned up settingsVersionshinweise
clean upVersionshinweise
clean upVersionshinweise
settings clean upVersionshinweise
minor clean upVersionshinweise
refined overall settings, added trigger signals as replacement to candle color based Renko and instead replaced candle color option based on 6H vwap zones Versionshinweise
image updateVersionshinweise
clean upVersionshinweise
i think a cool enhancement. Added a stop zone for the trigger feature. Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.