Renko Scalper

What it is-
A lightweight Renko Scalper that combines Renko brick direction with an internal EMA trend filter and MACD confirmation to signal high-probability short-term entries. EMAs are used internally (hidden from the chart) so the visual remains uncluttered.

Signals-
Buy arrow: Renko direction turns bullish AND EMA trend up AND MACD histogram positive.
Sell arrow: Renko direction turns bearish AND EMA trend down AND MACD histogram negative.

Consecutive same-direction signals are suppressed (only one arrow per direction until opposite signal).

Visuals-
Buy / Sell arrows (large) above/below bars.
Chart background tints green/red after the respective signal for easy glance recognition.

Inputs:-
Renko Box Size (points)
EMA Fast / EMA Slow
MACD fast/slow/signal lengths

How to use-
Add to chart
Use smaller Renko box sizes for scalping, larger for swing-like entries.
Confirm signal with price action and volume—this indicator is a signal generator, not a full automated system.
Use alerts (built in) to receive Buy / Sell arrow notifications.

Alerts-
Buy Arrow — buySignal
Sell Arrow — sellSignal
Buy Background / Sell Background — background-color state alerts

Recommended settings-
Timeframes: 1m–15m for scalping, 5m for balanced intraday.

Symbols: liquid futures/currency pairs/major crypto.

Disclaimer
This script is educational and not financial advice. Backtest and forward test on a demo account before live use. Past performance is not indicative of future results. Use proper risk management.