Renko Brick Reversal: Immer im Markt

// ============================================================
// Renko Brick Reversal
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Trend
// Direction: Long & short
// Timeframe tested: 1 hour
// ============================================================

// --- Settings ---
DEFPARAM CumulateOrders = false

// --- Parameters ---
positionSize = 1          // contracts per trade
brickSize = 22            // Renko brick height, in price units
minBricks = 2             // bricks in a row that confirm a new move
firstBar = 1              // bar on which the Renko grid starts
stopLossPoints = 120      // protective stop, in points

// Renko state carried from bar to bar.
ONCE gridStarted = 0
ONCE bricksUpTotal = 0
ONCE bricksDownTotal = 0

// --- Indicators ---
// Build Renko bricks from closes. round(x - 0.5) floors x to whole bricks.
IF BarIndex >= firstBar THEN
  IF gridStarted = 0 THEN
    upBrick = close
    downBrick = close - brickSize
    gridStarted = 1
  ENDIF

  longSignal = 0
  shortSignal = 0

  IF close >= upBrick + brickSize THEN
    newBricksUp = (round(((close - upBrick) / brickSize) - 0.5))
    moveUp = newBricksUp * brickSize
    downBrick = downBrick + moveUp
    upBrick = upBrick + moveUp
    bricksUpTotal = bricksUpTotal + newBricksUp
    bricksDownTotal = 0

    // Signal when the up run reaches minBricks for the first time.
    IF bricksUpTotal[1] < minBricks AND bricksUpTotal >= minBricks THEN
      longSignal = 1
    ENDIF

  ELSIF close <= downBrick - brickSize THEN
    newBricksDown = (round(((downBrick - close) / brickSize) - 0.5))
    moveDown = newBricksDown * brickSize
    upBrick = upBrick - moveDown
    downBrick = downBrick - moveDown
    bricksDownTotal = bricksDownTotal + newBricksDown
    bricksUpTotal = 0

    IF bricksDownTotal[1] < minBricks AND bricksDownTotal >= minBricks THEN
      shortSignal = 1
    ENDIF

  ENDIF
ENDIF