Renko Moving Average Cross Indicator
17/08/2025
122
Desktop
***The indicator rarely generates signals with the default settings, but these are worth pure gold!***
The Renko Moving Average Cross indicator combines classic EMA crossover signals with Renko-filtered prices and additional filters to provide more reliable entry signals.
- Renko Filtering: Smooths price action using either static or dynamic (ATR-based) brick sizes.
- EMA Crossovers: Generates signals when the fast EMA crosses above or below the slow EMA.
- Trend Filter: Optional 200 EMA to confirm overall trend direction.
- RSI Filter: Prevents signals in overbought or oversold conditions.
- Signal Display: Buy and sell arrows are plotted directly on the chart, with optional alerts.
👉 Goal: To identify higher-quality trend-following signals while reducing market noise.
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