Can Screeners work for Renko charts?

• 04/16/2021 at 1:34 AM #167219
  RubberToe

  Can screeners be created for Renko charts?

  I want to start building a scanner that finds reversals and directional momentum – if it can be done on intraday tick/minute charts, preferably 2 minutes.

  The circled areas shown below are the most important, which are reversals indicated by a move off the Bollinger bars. The indicator is one from the library that locates RSI divergences and I’m not sure if it’s the best idea, but it’s a starting point.

  Better confirming actions might be the Parabolic SAR, preceding +DI, and volume spikes.

   

  

  RubberToe

  Participant

  Topics: 17

  Replies: 36

  Been thanked: 1 time
  04/16/2021 at 8:21 AM #167226
  Nicolas

  ProScreener only use default candlesticks chart, so what you request is not possible sorry.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4775 times
  04/16/2021 at 4:41 PM #167284
  RubberToe

  Yeah, that’s too bad.  How about another angle?

  Look at this graph, in particular the volume spike just past 12 where the trend pivots.  Is it possible to pick that up as it’s on the way up in that one bar? Or even after it’s complete would be alright too…

  

  RubberToe

  Participant

  Topics: 17

  Replies: 36

  Been thanked: 1 time
• Author
  Posts