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Renko-Style Trend

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Regular Price $296 Special Price $151

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Product Description

[NEW System] Zephyrus Force: Smart and unique Trailing stop for optimal exit points. See the charts now!

Renko-Style Trend is a price-based trend indicator that employs the logic with which Renko bars are built.

There are 2 parameters to determine trend states and trend shift: "Trend Offset" and "Reversal Offset", which is similar to Renko settings. Let's take an example of Trend Offset and Reversal Offset configured as 2 ninZaATR and 4 ninZaATR, respectively. Then:
  • Every time the market moves at least 2 ninZaATR in the direction of the existing trend, the trend will strengthen with the upper & lower thresholds moved to the next step (in the direction of the trend).
  • If the market moves at least 4 ninZaATR against the existing trend, the trend will reverse.
  • Otherwise, the market will keep moving in a "box" with the upper & lower thresholds unchanged - which is something similar to Darvas boxes.

All threshold meetings are verified by the Close price.

The indicator generates "Trend Start" signals when the market enters a new trend and "Trend Strengthening" signals when the existing trend steps up. Bar colorization and background painting can be enabled for you to easily identify trend states.

Dedicated NinjaScript signals:
  • Signal_Trend: 1 = uptrend, -1 = downtrend, 0 = no trend
  • Signal_Trade: 1 = uptrend start, 2 = uptrend strengthening, -1 = downtrend start, -2 = downtrend strengthening, 0 = no trend

Software Changelog

  • 05 Jan 2023 - The indicator was released (build new).

Product Media

These media materials may have been recorded/captured in favorable markets. Please review our acceptable marketing practices.

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From very happy customers... 500+ reviews →
  1. product_image Renko-Style Trend $$
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  2. product_image Renko-Style Trend $$
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  3. product_image Renko-Style Trend $$
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  4. product_image Renko-Style Trend $$
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These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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