Hi,

I was interested in developing a Renko moving average indicator based on Nicolas’s code here: https://www.prorealcode.com/topic/discussion-re-pure-renko-strategy/page/5/#post-122154
but with the idea of having different moving average types like the Moving Average Filter Regression: https://www.prorealcode.com/prorealtime-indicators/average-filter-regression/

It’s just that the AVG line seems a bit jerky and not smooth? Pls see image and yellow average.
Also how can you add “priceMAperiod” (because it’s part of a “once” statement) to the variables so you can adjust the moving average without having to go into the code and change it from 10 to 100 for example?

Cheers!

//Renko Moving Average Filter Regression

///BoxSize = 100

//Average[N,M](price)
//Where M can be set with any of these values, to return the specific moving average calculation:

//0 = SMA
//1 = EMA
//2 = WMA
//3 = Wilder


// --- parameters
// MAType = 0
Series = CustomClose
// priceMAperiod = 10
// ---

//-----------------------------//
// SMA - Simple Moving Average //
//-----------------------------//

IF MAType = 0 THEN

priceMAperiod = MAX(priceMAperiod, 1)

AVG = Average[priceMAperiod](Series)

ENDIF

//----------------------------------//
// EMA - Exponential Moving Average //
//----------------------------------//

IF MAType = 1 THEN

priceMAperiod = MAX(priceMAperiod, 1)

AVG = ExponentialAverage[priceMAperiod](Series)

ENDIF

//-------------------------------//
// WMA - Weighted Moving Average //
//-------------------------------//

IF MAType = 2 THEN

priceMAperiod = MAX(priceMAperiod, 1)

AVG = WeightedAverage[priceMAperiod](Series)

ENDIF

//------------------------------//
// WIMA - Wilder Moving Average //
//------------------------------//

IF MAType = 3 THEN

priceMAperiod = MAX(priceMAperiod, 1)

AVG = WilderAverage[priceMAperiod](Series)

ENDIF

//Boxsize = 100
renkoMax = ROUND(close / boxSize) * boxSize
renkoMin = renkoMax - boxSize
once usema=1
if usema then
once priceMAperiod=10
count=0
sum=0
lastbox=0
for i = 0 to barindex do
if renkomax[i]<>lastbox then
lastbox=renkomax[i]
count=count+1
median=((renkomax[i]+renkomin[i])/2)
sum=sum+median
if count=priceMAperiod+1 then
sum=sum-last
last=median
break
//
endif
endif
next
once avg=undefined
if last<>last[1] then
avg = sum/priceMAperiod
endif
endif

RETURN AVG coloured(255,255,0) style(line, 2) as "Renko Mvg Ave Filter"

renko-ave.png