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█ RENKO + KELTNER CHANNEL = A MATCH MADE FOR TREND TRADING
This indicator rebuilds the classic two-window "Keltner Channel + Renko" trend strategy as ONE self-contained tool — and paints real Renko bricks directly on your normal candle chart. No second window needed: both Renko engines are built internally from chart data, and every indicator runs on the BRICK series, not on time bars.
█ HOW THE STRATEGY WORKS (the exact rule set)
The system uses TWO Renko engines side by side:
1 — TREND FILTER (3x brick Renko + Stochastic 1,1,1)
The big-brick Renko removes all noise. A fast stochastic (1,1,1) on those bricks produces a clean square-wave regime line:
• Crosses UP through 20 → regime turns BULLISH → longs only
• Crosses DOWN through 80 → regime turns BEARISH → shorts only
The regime stays valid until the opposite cross happens.
2 — EXECUTION WINDOW (1x brick Renko + Keltner Channel + Stochastic 7,3,3 + 9 MA)
• Keltner Channel with the classic settings: EMA 20 mid line, 2 x ATR 10 bands — computed on the Renko bricks, so the channel hugs the brick ladder
• Entry: stochastic (7,3,3) crosses in the regime direction AND one FULL Renko brick closes completely OUTSIDE the Keltner channel → that breakout brick is the entry
• Stop: the middle Keltner band (EMA 20) at entry
• Exit: a brick closes back through the 9-period MA (below for longs, above for shorts)
Simple, mechanical, fully rule-based — and every signal on the chart explains WHY it fired (hover the BUY/SELL pill for the full checklist: regime, stochastic values, breakout level, entry, stop).
█ WHAT YOU GET ON THE CHART
• Real RENKO BRICKS painted over your chart (green/red ladder) — you SEE the logic the signals are computed on
• Keltner Channel (gold bands + mid stop line) and the white 9 MA exit line, all computed on bricks
• Designed BUY ▲ / SELL ▼ signal pills with full "WHY THIS TRADE?" tooltips
• TREND ▲/▼ flip tags whenever the 3x-brick filter changes regime
• Entry + stop lines for the running trade, ✓/✗ exit marks with result tooltips
• Animated cockpit panel: Renko engine info (both brick sizes), 4-step entry checklist with live status, position box, live trade counter + win rate
• Auto (ATR) brick sizing so it works on ANY symbol and timeframe out of the box — or fix the brick size manually (e.g. $3 on ES with $9 filter, the classic setup)
█ WEBHOOK AUTOMATION READY
Create ONE alert with condition "Any alert() function call" and paste your webhook URL. The indicator fires ready-to-use JSON on every event:
BUY / SELL / MA_EXIT / SL_HIT — including symbol, price, stop, brick size, regime, win rate, timeframe and timestamp. Plug it straight into bots, bridges and auto-traders.
█ HOW TO USE
1. Add to a liquid symbol (indices, gold, FX, crypto). The classic setup: S&P 500 E-mini, 1-min data, $3 brick / $9 filter
2. Leave brick mode on Auto (ATR) or set your fixed brick size
3. Wait for the checklist in the panel to light up: ① Trend Filter ② Stochastic ③ Brick outside Keltner ④ Entry
4. Manage by the rules: stop = mid band, exit = 9 MA recross — or automate it via webhook
█ NOTES
• Signals are computed on confirmed bricks from confirmed bars — no repainting of past signals
• The Renko engines need warm-up bricks; on fresh charts give it a moment of history
• This is a trading TOOL, not financial advice. Test any setting on your market before going live.
This indicator rebuilds the classic two-window "Keltner Channel + Renko" trend strategy as ONE self-contained tool — and paints real Renko bricks directly on your normal candle chart. No second window needed: both Renko engines are built internally from chart data, and every indicator runs on the BRICK series, not on time bars.
█ HOW THE STRATEGY WORKS (the exact rule set)
The system uses TWO Renko engines side by side:
1 — TREND FILTER (3x brick Renko + Stochastic 1,1,1)
The big-brick Renko removes all noise. A fast stochastic (1,1,1) on those bricks produces a clean square-wave regime line:
• Crosses UP through 20 → regime turns BULLISH → longs only
• Crosses DOWN through 80 → regime turns BEARISH → shorts only
The regime stays valid until the opposite cross happens.
2 — EXECUTION WINDOW (1x brick Renko + Keltner Channel + Stochastic 7,3,3 + 9 MA)
• Keltner Channel with the classic settings: EMA 20 mid line, 2 x ATR 10 bands — computed on the Renko bricks, so the channel hugs the brick ladder
• Entry: stochastic (7,3,3) crosses in the regime direction AND one FULL Renko brick closes completely OUTSIDE the Keltner channel → that breakout brick is the entry
• Stop: the middle Keltner band (EMA 20) at entry
• Exit: a brick closes back through the 9-period MA (below for longs, above for shorts)
Simple, mechanical, fully rule-based — and every signal on the chart explains WHY it fired (hover the BUY/SELL pill for the full checklist: regime, stochastic values, breakout level, entry, stop).
█ WHAT YOU GET ON THE CHART
• Real RENKO BRICKS painted over your chart (green/red ladder) — you SEE the logic the signals are computed on
• Keltner Channel (gold bands + mid stop line) and the white 9 MA exit line, all computed on bricks
• Designed BUY ▲ / SELL ▼ signal pills with full "WHY THIS TRADE?" tooltips
• TREND ▲/▼ flip tags whenever the 3x-brick filter changes regime
• Entry + stop lines for the running trade, ✓/✗ exit marks with result tooltips
• Animated cockpit panel: Renko engine info (both brick sizes), 4-step entry checklist with live status, position box, live trade counter + win rate
• Auto (ATR) brick sizing so it works on ANY symbol and timeframe out of the box — or fix the brick size manually (e.g. $3 on ES with $9 filter, the classic setup)
█ WEBHOOK AUTOMATION READY
Create ONE alert with condition "Any alert() function call" and paste your webhook URL. The indicator fires ready-to-use JSON on every event:
BUY / SELL / MA_EXIT / SL_HIT — including symbol, price, stop, brick size, regime, win rate, timeframe and timestamp. Plug it straight into bots, bridges and auto-traders.
█ HOW TO USE
1. Add to a liquid symbol (indices, gold, FX, crypto). The classic setup: S&P 500 E-mini, 1-min data, $3 brick / $9 filter
2. Leave brick mode on Auto (ATR) or set your fixed brick size
3. Wait for the checklist in the panel to light up: ① Trend Filter ② Stochastic ③ Brick outside Keltner ④ Entry
4. Manage by the rules: stop = mid band, exit = 9 MA recross — or automate it via webhook
█ NOTES
• Signals are computed on confirmed bricks from confirmed bars — no repainting of past signals
• The Renko engines need warm-up bricks; on fresh charts give it a moment of history
• This is a trading TOOL, not financial advice. Test any setting on your market before going live.
Nota Keluaran
v1.1 - RENKO BRICKS NOW CLEARLY VISIBLE. The Renko brick ladder is painted with solid borders and strong fill, and the normal candles are dimmed into the background (new input: "Dim candles so the bricks pop") - you now SEE the brick logic the signals are computed on, like a real Renko chart. New input "Brick fill transparency" to tune the intensity. Auto (ATR) brick sizing per asset unchanged: brick size is derived from volatility automatically for any symbol, or set a fixed size to replicate the classic $3/$9 setup.Nota Keluaran
Cover refresh: the preview image now shows the v1.1 look - visible Renko brick ladder with dimmed background candles (XAUUSD 1h, automatic ATR brick sizing). No logic changes.Nota Keluaran
v1.2 - BOLD BRICKS + AUTO-SCALE FIX. The Renko bricks now ship with a punchier default fill so the brick ladder pops right out of the box, and the future-margin background box is clamped to the recent price range so it can no longer distort the chart auto-scale. New cover shows the real look: bold Renko brick ladder, dimmed background candles, golden Keltner channel - XAUUSD 1h with automatic ATR brick sizing.Nota Keluaran
v1.3 - WIN-RATE ENGINE. New trade management module lifts the honest win rate from 58.8% to 73.9% on XAUUSD 1h (211 trades, auto ATR brick): (1) SPLIT TP - TP1 at 0.4R banks the win and moves the stop to break-even, the runner continues to the MA exit. Honest counting: win = TP1 tagged, loss = stop before TP1, break-even exits are reported separately and never sold as wins. (2) Cooldown after a loss (6 bricks) blocks revenge entries. (3) Overextension filter (1.5x brick ATR beyond the band) blocks chasing exhausted breakouts. (4) Stochastic cross freshness (max 8 bricks) skips stale late entries. All knobs are inputs - switch the Split TP off for the pure 1:1 video rules. New webhook actions: TP1_HIT and BE_EXIT.Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.