Renko chart screener/scanner

Discussion in 'Automated Trading' started by MrAgi1, May 8, 2021.

  1. MrAgi1

    MrAgi1

    I don’t know if there is any screener/scanner of Renko charts can perform the following operation:

    I want to scan for any stock/commodity/currency that has at least 3 successive up bricks or 3 successive down bricks at any point in specific timeframe.

    Let me explain with an example below.

    Assume a stock called ABC. I select the 1-hour Renko chart, and there is at-least 3 consecutive up and down bricks everywhere on that timeframe. Also I go backwards 20 times, each of the 20 times is made up of a recently passed 1-hour Renko chart timeframe. If all the 20 1-hour Renko charts fits the criteria of 3 consecutive up and down bricks then stock ABC is what I need.


    *Note:Each brick is based on ATR not fixed size bricks.
     
    Last edited: May 8, 2021
  2. LuckyMac

    LuckyMac

    I love ATR, it's perfect for each pair.
     
    MrAgi1 likes this.