// Renko Chart

// Graham Kavanagh 13 Aug 2004 ver C - MODIFIED BY M.J.JEEVAN LAL

// Custom Indicator, date axis does not apply

//SetBarsRequired(10000,10000);

// Brick size is dependant on what you want, if too small will not produce a chart
due to insufficient x-axis bars
//Brick = LastValue( ATR(100) );
//Brick = LastValue( Max(0.02*C, 0.05) );
SetChartOptions(0,chartShowArrows|chartShowDates);
Brick = Param( "Brick Size", 5, 0.01, 10, 0.01 );
reverse =Param( "Reverse ", 1, 0, 10, 1 );

// Convert the closing price to rising and falling rounded bricks

CF = ceil(H/Brick);
CR = floor(L/Brick);

// initialize first element

j = 0;
RKC[j] = CF[0];
RKO[j] = CF[0] + 1;

down[j] = 1; // By default the first bar is a down bar.

up[j] = 0;

// Loop to produce the Renko values in number of bricks

for( i=1; i<BarCount-1; i++ )

{
if( CF[i] <= RKC[j] - 1 && down[j] ) // Continue down
{
num = RKC[j] - CF[i];
for( x=1; x<=num; x++ )
{
j++;
up[j] = 0;
down[j] = 1;
RKC[j] = RKC[j-1] - 1;
RKO[j] = RKC[j] + 1;
}
}
else
{
if( CR[i] >= RKC[j] + Reverse && down[j] ) // Change down to up
{
num = CR[i] - RKC[j];
j++;
up[j] = 1;
down[j] = 0;
RKC[j] = RKC[j-1] + 2;
RKO[j] = RKC[j] - 1;
for( x=2; x<=num; x++ )
{
j++;
up[j] = 1;
down[j] = 0;
RKC[j] = RKC[j-1] + 1;
RKO[j] = RKC[j] - 1;
}
}
else
{
if( CR[i] >= RKC[j] + 1 && up[j] ) // Continue Up
{
num = CR[i] - RKC[j];
for( x=1; x<=num; x++ )
{
j++;
Up[j] = 1;
Down[j] = 0;
RKC[j] = RKC[j-1] + 1;
RKO[j] = RKC[j] - 1;
}
}
else
{
if( CF[i] <= RKC[j] - Reverse && up[j] ) // Change up to down
{
num = RKC[j] - CF[i];
j++;
Up[j] = 0;
Down[j] = 1;
RKC[j] = RKC[j-1] - 2;
RKO[j] = RKC[j] + 1;
for( x=2; x<=num; x++ )
{
j++;
up[j] = 0;
down[j] = 1;
RKC[j] = RKC[j-1] - 1;
RKO[j] = RKC[j] + 1;
}
}
}
}
}
}

// move the chart to right end of chart space, ie last brick on last bar position
delta = BarCount-1 - j;

RKC = Ref( RKC, -delta );

RKO = Ref( RKO, -delta );

Up = Ref( Up, -delta );

Down = Ref( Down, -delta );

/*
rC = RKC * Brick;// + (Up-down)*Brick/2;
rO = RC - (Up-down)*Brick;
rH = Max(rC,rO);
rL = Min(rC,rO);
*/
C = RKC * Brick;// + (Up-down)*Brick/2;
O = C - (Up-down)*Brick;
H = Max(C,O);
L = Min(C,O);

Plot( C, "", ParamColor( "Renko Color", colorBlack ),ParamStyle("Renko

Style",styleCandle,maskAll));

_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} \n Op=> %g, \n Cl=> %g \n",

O, C ) );

// plot chart
//PlotOHLC( rO, rH, rL, rC, "Renko Price " , colorBlack, styleCandle);
/*
Buy=Up;
PlotShapes(shapeUpArrow*Buy,colorGreen, 0, L );
Sell=Down;
PlotShapes(shapeDownArrow*Sell,colorRed, 0, H );

*/