Renko ‣ MetaTrader Trading Robots

Renko Charts – EA MetaTrader 4

Description: The Renko charts are constructed as follows: the close price of the current period compared with minimal and maximal prices of the previous “brick” (white or black). If it grows above the high of the previous “brick” at least the size of the “brick”, then the graph is drawn in new columns, one or

RenkoShade2 – Draws Renko boxes in normal TF – indicator MetaTrader 4

RenkoShade2 - Draws Renko boxes in normal TF - indicator for MetaTrader 4

To see the renko box on normal TF… or not!!! Try the renkoshade on renko chart! Put the renkoshade2 on a renko chart, it will provide you ‘multi renko’ view. See attached picture. Picture 1: RenkoShade 10 on TF M5 Picture 2: RenkoShade 5 on Renko 3 — Logic of drawing renko boxes taken from

Renko Scalper – EA MetaTrader 4

EA achieved best results on Renko Chart. Renko Chart is not mine but I used it to write EA on it. EA can trade every pair but I got best results on GBP/USD and EUR/JPY. I’ll appreciate any comments. Renko Scalper – expert for MetaTrader 4

Renko EA – EA MetaTrader 4

RenkoLiveChart_v600 version 6 Expert Advisor. Old code converted to post MetaTrader build 600 new code format — all errors and warnings cleared. Renko BoxSize inputs edited to accommodate fractional pip 3 and 5 digit pricing. Renko_Range_Detector indicator can be attached to the Renko offline chart for Renko boxsize verification. Research: Renko chart installation instructions and

Renko – indicator MetaTrader 5

The renko charts outwardly resemble three-linear breakthrough charts, but in case of the renko all boxes are of the same size. During drawing the indicator, only those movements which value is more or equal to a set threshold are considered. The renko is good to use in markets with a significant trend movements as far

Renko Line Break – indicator MetaTrader 5

For the best understanding I’ll give a table comparing logic of building: Renko Three Line Break Renko Line Break Box size All boxes are of the same size and equal to the specified value. Boxes have different size determined by the movement of the market. Boxes have different size, but no less than the

Renko Line Break vs RSI EA – EA MetaTrader 5

EURUSD H4 Renko Line Break vs RSI EA Trades Chart

The idea is quite simple – Renko Line Break determines the direction of the trend, and then, on the rollback of the trend place a stop order based on the signal of RSI. Here is an example: Renko Line Break tells you that you are in an uptrend; if the RSI moves down into the

Renko Range Detector – indicator MetaTrader 4

Indicator: Renko Range Detector Detects and displays the fixed size of the Renko Bar/Candle range on the Renko offline chart. Fast and easy identification of chart parameters facilitates trading efficiency. Note: This indicator is intended for use with Renko Bars/Candles, not Standard Bars/Candles. Renko Bars/Candles all have the same fixed range value from open to

Renko Live Charts v4.13 – EA MetaTrader 4

Properties showing the RenkoBoxSize double with a value of 7.5 and also the new BuildChartsWhenMarketOffline option.

Real Author: LastViking ?? (Inspired from Renko script by “e4” (renko_live_scr.mq4) ) This EA attaches to a chart (1M chart is best) and then builds a new offline chart with Renko boxes. This version was built off of v4.12 … I don’t remember where I got it, it took forever to find it in the

Renko Time and Time Between Candles Indicator – indicator MetaTrader 4

*Version 2, corrected array alignment and calculation of the current bar time. *Version 2ma — added moving average as requested. A very simple indicator to display the difference in time between candles in seconds. Intended for use with offline renko charts to indicate how long each block or brick has taken to form. On a