Renko Timer R0.2 by JustUncleL

//@version=3
study(title="Renko Timer R0.2 by JustUncleL", shorttitle="TIMER",overlay=true)

//
// author : justuncleL
//
// Description:
//

//
tm    = floor(time/60000)
pjcnt = time % 60000

v  = 0.0
v := pjcnt==0? open : nz(v[1])

//
plot(v>0?v:na,color=change(tm)?na:blue,linewidth=2,transp=10)

//
//

minlen  = input(2,minval=1,title="Min Bricks to Swing Confirm")
maxlen  = input(10,minval=1,title="Max Bricks to Swing Confirm")

// Initialise up and down counters counters
up    = 0
down  = 0
// Check is this the 1st green after red? or is this already going up count up bars, otherwise zero count
up    := close[1]<open[1] and close>open? 1 : up[1]>0 and close>open? up[1]+1 : 0
// Check is this the 1st red after green? or is this already going down count down bars, otherwise zero count
down  := close[1]>open[1] and close<open? 1 : down[1]>0 and close<open? down[1]+1 : 0

long  = pjcnt==0 and up[1]>0 and up[1]>=minlen and up[1]<=maxlen and up[2]==pjcnt[1] //and up>0
short = pjcnt==0 and down[1]>0 and down[1]>=minlen and down[1]<=maxlen and down[2]==pjcnt[1] //and down>0

// - Plot Alerts
plotarrow(long?1:na, title="BUY Arrow", colorup=lime, maxheight=60, minheight=50, transp=20,offset=0)
plotarrow(short?-1:na, title="SELL Arrow", colordown=red, maxheight=60, minheight=50, transp=20,offset=0)
//
alertcondition(long,message="LONG", title="LONG Alarm")
alertcondition(short,message="SHORT", title="SHORT Alarm")

// debugs
//plotshape(tm,location=location.bottom)
//plotshape(pjcnt,location=location.bottom,color=black)
//plotshape(up[1],location=location.bottom,color=green)
//plotshape(down[1],location=location.bottom,color=red)
//