Renko Brick Change Screener

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10/03/2016 at 10:32 PM #14175 quote

Johnny
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Hello,

i hope someone can help me.

I tried to build an Renko Brick Change Screener. It would help me to filter a lot of Charts where nothing happens over a day.

I am working with EOD-Data. So only daily timeframe is necessary. For the Box-Site in the Charts i use the Percent-Function (5% in my case). I have problems do define the brick with the different color before.

For example: the last brick is red and my %Percent Brick-Size is 5%. So that after red brick a new green brick are drawn the Stock/Currancy have to grow over 10% or more. This can be happen over a day,weeks or more. And i dont know how to build that code.

And i only want see when this happens: From red -> green brick or green -> red brick. Not like when after a green brick comes another green brick.

Thanks for your help 🙂

10/04/2016 at 6:51 AM #14184 quote

Nicolas
Keymaster

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You can find some renko bricks code examples in the Library:

http://www.prorealcode.com/prorealtime-indicators/renko-boxes-on-price-chart/

http://www.prorealcode.com/prorealtime-indicators/renko-bricks-on-chart/

http://www.prorealcode.com/prorealtime-indicators/median-renko-boxes-on-price/

With these codes, you could probably detect if a new up or down is done. The code listed above construct renko boxes only with points, not percentage, so you’ll need to adapt them for that purpose.

10/04/2016 at 9:12 AM #14198 quote

Johnny
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ok, thanks 🙂
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