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- //@version=3
- study(title='Median Renko Overlay', shorttitle='MRO', overlay=true)
- ticksize = input(0.00001)
- boxsize = input(50) * ticksize
- topprice = na
- bottomprice = na
- reversal = na
- topprice := nz(topprice[1], close)
- bottomprice := nz(bottomprice[1], close - boxsize)
- reversal := nz(reversal[1], close - boxsize * 2)
- if (close > topprice + boxsize)
- topprice := close
- bottomprice := (topprice[1] + bottomprice[1])/2
- reversal := bottomprice - boxsize
- if (close < bottomprice - boxsize)
- bottomprice := close
- topprice := (topprice[1] + bottomprice[1])/2
- reversal := topprice + boxsize
- a = plot(series=topprice, title='T', color=blue, transp=60)
- b = plot(series=bottomprice, title='B', color=blue, transp=60)
- c = plot(series=reversal, title='R', color=black, style=circles, transp=25)
- fill(a, b, color=aqua, transp=80)
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