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Renko chart generator

Professional renko charting on a custom symbol chart

  • accurate pricing to the tick 
  • accurate timeline (no future date projections)
  • every renko variation in a single package
  • very responsive charts
  • optional display of live trade levels on the chart


An Expert Advisor (EA) used to create custom Renko charts and provide real-time updates. This is an MT4 "offline" chart equivalent which is very simple to use. All historical renkos are constructed using real tick data from the broker's server.

You can attach any MT5 compatible indicator or template to the renko chart and perform your technical analysis.

The EA enables creating custom live charts resembling Median Renko, Mean Renko, Turbo Renko, and Better Renko candles as well as Vanilla Renko and Renko with wicks, PointO charts and many more such as UniRenko (search google for UniRenko to UltimateRenko settings converter).


The settings include

  • Renko body size - Defines the size of the candle body.
  • Renko body calculation mode - ( pips / ticks/ points / ATR % / % )
  • Presets (sets 3 values below): Presets for creating several commonly utilized charting types: Renko / Median Renko / PointO / Turbo Renko / Hybrid Renko
  • Open offset % (0 to ..) - offsets the new trending bar's open value back by % or the defined candle body size (see screenshot)
  • Reversal Open offset % (0 to ..) - offsets the new reversal bar's open value back by % or the defined candle body size (see screenshot)
  • Reversal bar size % (0 to ..) - sets the size of the reversal bar as a  % or the defined candle body size (see screenshot)
  • Show wicks (yes/no) - Candlewick visibility setting.
  • Show history for a number of days (0 to...)
  • Show history starting from date/time
  • ATR timeframe setting - for renko body size calculation based on percentage of the ATR indicator calculation on the selected timeframe.
  • ATR period (1 to...) - ATR indicator's period setting for renko body size calculation based on percentage of the ATR indicator.
  • Use a percentage of daily ATR (1 to 100) - The percentage of the calculated value to use.
  • Apply offset to first Renko (yes/no) - Setting used to synchronize the open of the first renko candle based on the offset parameter (below)
  • Offset value (0 to 100)
  • Synchronize first bar's open on a new day (yes/no) - Synchronize the first candle's open price with the open price of the daily candle.
  • Override default custom chart name with (chart name)
  • Apply template to custom chart - (the user-defined template that will be applied to the renko chart. If you have a "default" template saved, this will be applied by default).
  • Create chart for backtesting only (yes/no)
  • Show trade levels on chart (yes/no)

NOTE: Metatrader 5 custom symbols are not directly tradable by design.

Bewertungen 6
John Estrada
68
John Estrada 2020.11.17 13:31 
 

Works as described with great support from dev

Henrique Sameshima De Souza
163
Henrique Sameshima De Souza 2020.03.16 20:56 
 

It works very well, great JOB.

eliseexige
609
eliseexige 2020.09.23 16:18 
 

after multiple attempts during live markets, this is just like the rest of Artur's products. It will freeze, it will refresh the data and screw up custom indicators, and it will cost you because of it. I'd give this a 0 or negative star rating if it were possible. AVOID if you are a serious trader and need stability in fast markets, because you won't get it here. EDIT 2: Artur is working with me on all products to solve issues and I have adjusted the feedback accordingly.

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Trade Panel is a professional tool for manual trading. Allows you to work with orders and positions in one click, making your trading fast and comfortable. When opening an order, it simplifies the setting of stop loss and take profit, as well as automatically calculates the lot according to the specified risk and stop loss size. In addition, the utility can work with virtual orders and accompany trailing stop orders, transfer SL to the breakeven zone, perform partial closing and timely notify o
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Trading box Technical analysis MT5
Trading box Technical analysis MT5
Igor Zizek
Everything for chart Technical Analysis in one tool Quick tip: Draw your supply demand zone with rectangle and support resistance with trendline and get alerts to mobile phone or email ***Find detailed manuals here . Manuals website  HERE . Try DEMO here .  Join Facebook group   HERE 1.   Extend rectangle and trendline into future -  Trend Support Resistance Object will be extended into future when price will draw new candlesticks on chart. This is rectangle extender or trendline extender 2. Pr
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Auto Trade Copier for MT5
Auto Trade Copier for MT5
Vu Trung Kien
Auto Trade Copier MT5 is designed to copy trades between multiple MT4/MT5 accounts/terminals with 100% accuracy. The provider and receiver accounts must be on the same PC/VPS. With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay. This version can be used on MT5 accounts only. For MT4 accounts, you must use Auto Trade Copier. Demo: Demo version for testing can be downloaded at: htt
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Exp COPYLOT CLIENT for MT5
Exp COPYLOT CLIENT for MT5
Vladislav Andruschenko
Handelskopierer für MT5 ist ein  Handel   Kopierer für die Plattform МetaТrader 5  . Es kopiert Devisengeschäfte  zwischen   alle Konten   MT5 → MT5, MT4 → MT5 für die COPYLOT MT5 Version (oder MT4 → MT4 MT5 → MT4 für die COPYLOT MT4 - Version) Zuverlässiger Kopierer! Sie können kopieren Trades auch im МТ4 Terminal (МТ4 → МТ4, МТ5 → МТ4):  COPYLOT CLIENT für MT4 Diese Version beinhaltet zwischen den Terminals   МТ5 → МТ5, МТ4 → МТ5  . Der Angebotskopierer dient zum Kopieren von Angeboten / Pos
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Trend Line Optimizer MT5
Trend Line Optimizer MT5
Evgenii Aksenov
This is an automatic parameter optimizer for the Trend Line PRO indicator:  https://www.mql5.com/en/market/product/36087 You can easily and quickly select the optimal parameters for your favorite   Trend Line PRO   indicator. Optimization takes only a few seconds. After testing, the parameters can be saved to a ready-made set file in the folder:   MQL4>Files>TrendLineOptimizedSettings Then this set file can be used for the   Trend Line PRO   indicator and SCANNER User's manual:  https://www
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Trade Management with Trading View style
Trade Management with Trading View style
MARCO SCAZZ1
DEMO VERSION  ,  YOU CAN DOWNLOAD HERE   IF YOU HAVE PROBLEM OR ANY DOUBTS CONTACT ME | scazzimarco@gmail.com |   The first Buy & Sell Panel with Tradingview Style to improve your MetaTrader experience, with Dark & Light Style Calculate your risk in each trade with precision. Lots,% of the Budget, $ to invest. Maximum comfort in a splendid panel. You need to know exact-ly your risk reward ratio. Now you can do it with ease If You want download FREE theme Dark and Light    Download here L
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Forex Trade Manager MT5
Forex Trade Manager MT5
InvestSoft
Determination of transaction risk by calculating possible profits and losses. Precise designation of TP and SL levels for each transaction. These are the basic activities that every trader of financial markets must face with. The purpose of these calculations is very simple, achieving satisfying profits from FX transactions, with a minimum of risk. This is certainly the dream of each trader. This makes it difficult for new investors to take their first steps in this market.  EA Forex Trade Mana
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One Click Trader MT5 Real
One Click Trader MT5 Real
Andrzej Pierz
One Click Trader  is a tool designed for MetaTrader 4 platform, which enables you to take your trading to the next level. It enables you to open, manage and close your trades in simple an efficient way by just one click of your mouse button. "-"   ,  "+"  change OCT window size  Up arrow minimizes the OCT panel Down arrow maximizes the OCT panel Right arrow displays the next panel with additional features Left arrow hides the panel with additional features Red  SELL  button enables you to open s
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My Money Manager MT5
My Money Manager MT5
Vu Trung Kien
My Money Manager like a risk controller, which places your trades with the exact volume that meets your desired stop loss risk. It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position opening. With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and professional work
49 USD
Fast Trade MT5
Fast Trade MT5
Alexey Valeev
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
50 USD
Easy Trade Manager MT5
Easy Trade Manager MT5
Anoop Sivasankaran
Thank you users for all your great reviews for the MT4 version - 2021 Version updated ! Enter the Risked Amount or Lot size or % of Balance (New!) Drag the RED line on the chart to fix the Stop-Loss. Drag Blue line (New!) for Limit/Stop orders automatically ! Adjust TP1, TP2 and TP3 lines You are ready to Buy/Sell > Adjust the lines even after the trade Reviews - https://tinyurl.com/etmreviews Check the user video -  https://tinyurl.com/etmmt4ea Automatic Breakeven TP1/2 | Book Part/Partial P
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Trade Manager MT5
Trade Manager MT5
Daniel Stein
️️️️️ You want to become a constantly profitable 5-star forex trader? ️️️️️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat The Trade Manager MT5 is the ideal addition for all  FX Trend  users which like to use a fully automated trade management. It detects your manually opened trades immediately and manages their stops au
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VR Watch list and Linker MT5
VR Watch list and Linker MT5
Vladimir Pastushak
VR Watch list and Linker ist ein Berater für die synchrone änderung von Finanzinstrumenten in den geöffneten Fenstern des MetaTrader-Terminals. Wenn Sie ein Handelsinstrument in der Marktübersicht auswählen, erhalten Sie sofort die Charts in den geöffneten Terminalfenstern. Jedes Fenster kann von Ihnen individuell angepasst werden.  Mit dem Programm VR Watch list and Linker können Sie Durchsuchen Sie schnell eine große Anzahl von Finanzinstrumenten und finden Sie die Werkzeuge, auf denen es hoc
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Trade Copier Global MT5
Trade Copier Global MT5
Laszlo Tormasi
This Copier allows you to copy trades between Metatrader terminals even when they are installed on separate computers.  Having both MT4 and MT5 versions of the Copier makes it possible to send trades from MT4 to MT5 and vice versa. Demo version:  https://www.mql5.com/en/market/product/39290 MT4 version:  https://www.mql5.com/en/market/product/19928 Only Hedging Accounts are supported! Netting Accounts are not! Features Fast execution (~1 sec,  depending on location/broker) Automatic symbol pre
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Tick chart generator
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RangeBars offline chart generator
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Artur Zas
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Trade Tracker for Custom Symbols
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Artur Zas
The Trade Tracker Library is used to automatically detect and display trade levels on custom charts. It is an especially useful add-on for EAs that trade on custom charts in MT5. With the use of this library, the EA users can see trades as they are placed via the EA (Entry, SL & TP levels) in real-time. The header file and two examples of EA skeleton files are attached in the comments section (first comment). The library will automatically detect the tradable symbol for the following custom
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Auswahl:
eliseexige
609
eliseexige 2020.09.23 16:18 
 

after multiple attempts during live markets, this is just like the rest of Artur's products. It will freeze, it will refresh the data and screw up custom indicators, and it will cost you because of it. I'd give this a 0 or negative star rating if it were possible. AVOID if you are a serious trader and need stability in fast markets, because you won't get it here. EDIT 2: Artur is working with me on all products to solve issues and I have adjusted the feedback accordingly.

stevefer50
19
stevefer50 2020.12.13 17:45 
 

I cannot trade on the charts that I have it loaded on. Can't open one click trading or use the right click to trade. Guess I will have to figure this out.

John Estrada
68
John Estrada 2020.11.17 13:31 
 

Works as described with great support from dev

robertos1976
34
robertos1976 2020.09.26 09:04 
 

Der Benutzer hat keinen Kommentar hinterlassen

Henrique Sameshima De Souza
163
Henrique Sameshima De Souza 2020.03.16 20:56 
 

It works very well, great JOB.

niel phan
35
niel phan 2020.05.21 01:10 
 

The indicators that plotted on the renko chart kept turning on and off likes Christmas light. Hope for a FIX so I can rate truly this potential great indicator.

Antwort auf eine Rezension
Version 2.10 2021.06.30
Bugfix for %ATR setting
Version 2.9 2021.06.29
Added optional history starting point definition via date/time
Version 2.8 2021.05.17
Added an optional display of live trade levels on the chart.
Version 2.7 2021.05.10
Added new dynamic renko body size algorithm (price % as used on Definedge TradePoint);
Optimized indicator inputs.
Version 2.6 2021.04.28
Optimization
Version 2.5 2021.04.08
Compatibility fixes for long symbol names
Rearranged EA setings into groups
Version 2.3 2020.06.30
Added input for toggling ON/OFF faster chart refresh parameter;
Added option for building a renko chart for backtesting purposes only.
Version 2.2 2020.06.16
Recompiled for better compatibility with the latest MT5 builds
Version 2.1 2020.03.17
Fixed missing bars on rapid price spikes
Chart refresh rate improvement on extremely fast-moving charts (very small renko boxes).
Version 2.0 2020.03.10
Renko body size is now denoted in "ticks"
Updated the tick data engine
Changed time resolution to "seconds" (improves timescale resolution)
Numerous bug fixes
Version 1.23 2019.06.05
Fixed compatibility issue with the latest MT5 build
Version 1.22 2019.04.23
Bug fix + stability improvements
Version 1.21 2019.04.11
Bug fix and code cleanup
Version 1.20 2019.04.05
Bug fix + optimization
Version 1.19 2019.04.04
Reverted back to v1.16/1.17 due to bug in 1.18
Version 1.18 2019.03.27
Bug fixes and code maintenance
Version 1.17 2018.12.19
Bug fix & maintenance update
Version 1.16 2018.12.13
Added: Presets for the most common chart types (Renko, Median Renko, PointO, etc…)
Breaking change: Retracement factor & Symmetry toggle settings have been replaced with:
Open offset % (0 to ..)
Reversal Open offset % (0 to ..)
Reversal bar size % (0 to ..)
Version 1.15 2018.11.22
Maintenance release
Version 1.12 2018.07.09
Added "Apply template to custom chart" setting
Bug fixes
Version 1.11 2018.06.28
Bugfix: Fixed problem with BM&FBovespa
Version 1.10 2018.05.24
Added option to override the default custom chart name with a user-defined value