It is the CCI and the blue and red peaks appear when CCI + a PA part is bigger or less than 200 or -200 respectively.
I don't really understand following line.
why it is there?
Thanks, now i understand it better.
Could someone add alert when red and blue picks appear?
I really appreciate all the help you gave me, especialy from mladen and mntiwana. You guys are really great and professionals! My new question is concerned in Renko charts, which honestly are new to me. There are so many Renko experts and indies on the web, and they are all different in some way or another, which one repaints or not, and I’m not sure which one to choose to dig into Renko. Would you please recommend an expert you think is the best or better one than others? Thank you in advance.
the way it is made, that indicator would alert almost all the time
I am learner here same like you,and do not know any thing about coding matters,and plz don't mention me along with my BOSS.
It does not have a "close of candle"
That is a semaphore like indicator that does not "know" the previous values, that is the reason it is not suitable for normal alerts usage