Renko Boxes [by dawoud]

3일 전

This indicator combines the strength of Renko channels with traditional price action charts, offering a unique perspective on market trends and reversals. Unlike standalone Renko charts, which obscure time, this indicator overlays Renko-based channels directly onto your standard price action chart, precisely showing trends over time.

Key Features:

1. Renko Channel Visualization: Clearly defined channels help identify trends, support, and resistance levels.
   
2. Seamless Integration: The Renko channels are plotted directly on your regular candlestick or bar charts, preserving the context of price and time.
   
3. Enhanced Trend Clarity: Smooth out market noise and focus on significant price movements.
   
4. Customizable Settings: Adjust brick size and channel parameters to fit your trading strategy.
   

I haven't yet figured out a strategy for this indicator. If you have an idea, please contact me and we will build that together.