📺 Watch it now:
💡 Prefer reading? Scroll down for a written breakdown of the rules, Pine Script link, and stock-specific test results.
🔍 Strategy Overview: Smoothed Heikin Ashi on Renko Charts
This Renko-based strategy uses:
- Smoothed Heikin Ashi transitions for signal generation
- Fixed-size Renko bricks for stable trend detection
- Break-even protection and soft stops for exit refinement
- Non-repainting logic for reliable backtesting
📈 Backtest Results: NFLX, META, and TSLA
See how the strategy performed across:
- NFLX: Smooth trending conditions
- META: Strong upward momentum
- TSLA: Volatility-friendly signal behavior
The video covers each in detail with chart overlays.
💾 Get the Pine Script Source Code
Ready to test or customize the strategy yourself?
👉 Access the Pine Script Here
⏱️ Video Chapters
- 00:52 – Why Use Smoothed Heikin Ashi?
- 01:55 – Strategy Logic and Conditions
- 04:06 – Backtest: Netflix
- 05:16 – Backtest: Meta
- 07:16 – Backtest: Tesla
📌 Final Thoughts
This Renko strategy is a solid foundation to explore trend-following entries with built-in exit flexibility. It’s not financial advice — just a creative approach to Pine Script development and Renko optimization.