Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
Experts

Renko Live Charts v4.13 - expert for MetaTrader 4

LastViking (Inspired from Renko script by "e4" (renko_live_scr.mq4))
Published by:
Tim Welch
Views:
238066
Rating:
(95)
Published:
2014.08.25 13:30
Updated:
2016.11.22 07:32
\MQL4\Experts\
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

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 first place.

There are videos all over youtube to see how to use the chart and conversations galore on why this is or isn't a better trading strategy. Let's leave those comments in the other forums.

This is now v4.13 of the EA. The modifications I have made are as follows:

Aug 22 2014 (Tim Welch) (v4.13):

  • Added a startup option (BuildChartsWhenMarketOffline) to build the offline charts when inside of the OnInit() for times when the market is closed
  • Changed the RenkoBoxSize variable from an INT to a DOUBLE for 5 digit currency accuracy (i.e. 5.5 == 55 pipettes)

Enjoy...

-Tim Welch (maj1es2tic)

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

This is the Renko Comments showing the new RenkoBoxSize pip value to be 7.5, no longer an INT.

Renko Built and ready

And, finally, the showing the box size is truly set to 7.5 pips on my 5 digit broker.

Renko Live Charts

xLiquidex_V2_Mod1 xLiquidex_V2_Mod1

xLiquidex_V2_Mod1 is an Impulsive/Volatility/Breakout Expert Advisor.

Horizontal Grid Lines Horizontal Grid Lines

Draws horizontal grid lines at specified distances.

WelchCandlesticks_v2 WelchCandlesticks_v2

Change of the spread is being reflected in the candlestick formation, which you can use to more accurately place your stops and not get kicked out of a trade when it might just be challenging a price before making a huge swing in the direction you initially placed your trade.

GARCH GARCH

Fractal volatility indicator based on Bollerslev Model.