EXPERIMENTAL: a hacked smoothed sorta renko with a few extras.
study("[RS]Block V0", overlay=true) reversalMode = input('ATR') reversalValue = input(14, type=float) reversal_value = reversalMode == 'ATR' ? atr(round(reversalValue)) : reversalValue smooth_channel = input(8) channel_multiplier = input(1) hl2_smooth = input(4) p_hl = nz(hl[1]) hl = hl2 < p_hl - reversal_value ? p_hl - reversal_value : hl2 > p_hl + reversal_value ? p_hl + reversal_value : p_hl smooth = sma(hl, smooth_channel) plot(smooth+reversal_value*channel_multiplier, title='', style=columns, color=smooth>smooth[1]?green:smooth<smooth[1]?maroon:gray, transp=70) plot(smooth, style=columns, title='', color=smooth>smooth[1]?green:smooth<smooth[1]?maroon:gray, transp=70) plot(smooth-reversal_value*channel_multiplier, title='', style=columns, color=white, transp=0) plot(high, title='', style=cross, color=black, linewidth=1) plot(low, title='', style=cross, color=black, linewidth=1) plot(close, title='', style=circles, color=close>open?green:close<open?maroon:black, linewidth=2) plot(sma(hl2, hl2_smooth), title='', style=cross, color=black, linewidth=2, join=true) //plot(sma(hl2, hl2_smooth*2), title='', style=cross, color=red, linewidth=2, join=true)