request for coondawg71
added atr bands.
added atr bands.
//@version=2 study("[RS]Renko Moving Average V1", shorttitle="[RS]RMA.V1", overlay=true) decay = input(250, type=float) * syminfo.mintick detection = input(1) smooth = input(2) hh = highest(detection) ll = lowest(detection) rprice = round(close/decay)*decay predosc = nz(dosc[1], rprice) dosc = hh > predosc + decay and hh+decay < predosc + decay ? predosc + decay : hh > predosc + decay and hh+decay > predosc + decay ? rprice : ll < predosc - decay and ll-decay > predosc - decay ? predosc - decay : ll < predosc - decay and ll-decay < predosc - decay ? rprice : predosc /////////////// //bricksize = input(100) * syminfo.mintick smoothprice = sma(dosc, smooth) p0 = plot(smoothprice, color=black, linewidth=2) p1 = plot(rprice, color=gray) // ||-------------------------------------------------------------------------------|| // || ATR bands atr_length = input(title='ATR Length:', type=integer, defval=14, minval=1) atr_multiplier = input(title='ATR Multiplier:', type=float, defval=1.0) top_band = smoothprice + atr(atr_length) * atr_multiplier bot_band = smoothprice - atr(atr_length) * atr_multiplier plot(title='TB', series=top_band, color=red) plot(title='BB', series=bot_band, color=lime)