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Simple-And-Beautiful-Renko Chart

Simple-And-Beautiful-Renko Chart
Simple-And-Beautiful-Renko Chart



//www.aflcode.com
Plot(100,"",7,styleLine);
Plot(-100,"",7,styleLine);
n=9;
ys1=(High+Low+Close*2)/4;
rk3=EMA(ys1,n);
rk4=StDev(ys1,n);
rk5=(ys1-rk3)*100/rk4;
rk6=EMA(rk5,n);
UP=EMA(rk6,n);
DOWN=EMA(up,n);
Oo=IIf(up<down,up,down);
Hh=Oo;
Ll=IIf(up<down,down,up);
Cc=Ll;
barcolor2=IIf(Ref(oo,-1)<Oo AND Cc<Ref(Cc,-1),colorBlue,IIf(up>down,colorGreen,colorRed));
PlotOHLC( Oo,hh,ll,Cc, "Modified " + Name(), barcolor2, styleCandle );
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