[STRATEGY]Renko Emulator OCC v1 by JustUncleL by JustUncleL
By JustUncleL
Performance Metrics
- Author: JustUncleL
- Symbol: OANDA:AUDUSD
- Timeframe: 3 minutes
- Net P&L: +381.10 USD (+0.38%)
- Win Rate: 47.4%
- Profit Factor: 2.857
- Max Drawdown: 43.58 USD (0.04%)
- Total Trades: 19
- Sharpe Ratio: 0.099
Description
Dec 19, 2016This "Strategy" project has been created by request. *** EXPERIMENTAL *** *** USE AT YOUR OWN RISK ***Description:Strategy based around Renko Bar Chart emulator (ATR) with direction change used to signal long/short trades.I have generally found that setting the strategy ATR resolution to 3-5x that of the chart you are viewing tends to yield the good results, regardless of which chart time used. Positions get taken automatically following THE Renko Bar after a crossover.The emulated Renko bars can optionally be draw on the chart.Jan 9, 2020Release NotesAs requested I have updated to include "Traditional" Renko Method Bricks.Converted to Pinescript V4Added options to select Renko MethodAdded options to select BackTest Time Period.