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Renko Advanced lite

This Renko Advanced indicator can be considered as a trading system.

It offers a different view to see the currency pair:full timeless indicator, can be used for manual trading or for automatized trading with some expert advisor. When the price reaches a threshold a new block is created.

The indicator beside the Renko bars, shows also 3 moving averages.

Push notification was introduced when a new bar is created or a cross between moving averages occurs.

PS2: if nothing is displayed turn off the Sync feature


Introduced: datetime for renko bars and wicks.

Strongly raccomanded to switch TF before starting(for example if you are in 30M. switch to 15M and then 30M again) to allow refreshing data at the beginning.


How to use

This is the lite version of the Renko Advanced indicator.

The only limitations of this version are some parameters can not set (read only). In this way the user can start to appreciate the Renko visualization and how this indicator can be very powerful and simple at the same time.

Time frame should be low( depending of brick height) to have a good representation of historical bars, otherwise the user should adapt the timeframe related to brick height set.

PS: please rate this indicator and leave a comment. Do not forget: your feedbacks are important!

How to set the brick height? It is a good questions, it depends of the duration we want to stay in the market, the volatilty of the market. A good choice could be using the ATR indicator to check the average value of candles in the TF we want to operate.
Renko is very good for giving the idea of the trend with very low noise. Just for an example you can try EURUSD with 2 RenkoAdv: one with brick at 130 points and another with brick at 500 points.


INPUT parameters


DisplayMode: RenkoAdv, True Renko, Median Renko

The difference is :

-With RenkoAdv, every brick has drawn after a number of points set in BoxSize parameters. 

-With TrueRenko on inversion of trend, the price must be distant the double of BoxSize before drawing the bricks. When the double has reached, 2 box are drawn. It is less noisy of RenkoAdv mode but it has more delay when changing trend occurs.

-With Median Renko we have a smoother price movement

Box size (in Points): the thickness of the renko bar in points

Calculation Type: how to calculate a new renko bar

FAST Average length: length for the fast moving average

FAST Average type: simple or exponential moving average

SLOW Average length: length for the slow moving average

SLOW Average type: simple or exponential moving average

LONG Average type: simple moving average

Alert on new bar: Computer or phone notification is available

Alert on Avg cross: Computer or phone notification is available

Optional comment: on push notification to EA, optional comment is sent

Sync graph with midnight: Renko is not dependent by the time, so if you close the metatrader and open it again in few hours, the graph could be a little different by today. With this feature the graph will start to be drawn by the first candle starting at midnight.

Give us a feedback and a comment please.

PS: for receiving phone notification you need to have installed MT5 on your phone and follow the procedure to enable push notification. If you have problems feel free to contact me.


Using with an EA

  enum Typek
  {
   Calc_OnClosePrice=1,//On Close Price(TF related)
   Calc_OnEveryTick=2//On Every Tick
  };

enum Average
  {
   Simple=1,
   Exponential=2
  };

enum NewAlert
  {
   Alert_No=0,//No Alert
   Alert_PcAlarm=1,//Computer
   Alert_PhoneAlarm=2,//Phone
   Alert_PcPhoneAlarm=3//Computer and Phone
  };

enum DisplayModex
  {
   Mode_TrueRenko=0,//True Renko
   Mode_RenkoAdv=1,//Renko Adv
   Mode_MedianRenko=2//Median Renko
  };

//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+

//Example of Call 
//For the order of the input, follow the indicator inputs.The following row could be not updated.
int handle_adv=iCustom(NULL,Period(),"Downloads\RenkoAdv",BrickHeight,Avg1Fast_Length,Avg1Fast_Type,Avg2Slow_Length,Avg2Slow_Type,Avg3Length,Avg3Long_Type,UseSync_boolean,ShowNewBarAlert_boolean,ShowCrossAlert_boolean,CalculationType_typek,"Just a comment");




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You probably won't see the power of the indicator in the backtest, because it uses 3 windows, something you can't do, in the DEMO version that the site offers.  I trust 100% on my work and on my indicator, if you want a test version, send me a message, different from other sellers, who just want to "sell", I want whether you have a full version before renting and deciding. Many people have requested the purchase of the life time indicator, so I am making it available for a limited time. Life Ti
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Pivot Channels PRO MT5
Pivot Channels PRO MT5
Dmitry Zmitrovich
I'm glad to present you my new "Pivot Channels Pro" indicator. It builds on my previous indicators and over six years of experience using them. This indicator includes all the best strategies that I have researched. When developing and optimizing, I used ML algorithms. The indicator is very easy to use. Now the indicator has 3 basic strategies and the ability to customize your own strategy. I am constantly looking for better strategies. Telegram channel:   https://t.me/d_product
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Quantum Live Camarilla Levels Indicator for MT5
Quantum Live Camarilla Levels Indicator for MT5
QUANTUM TRADING SOFTWARE LIMITED
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Waves PRO
Waves PRO
Flavio Jarabeck
For those who appreciate Richard Wyckoff approach for reading the markets, we at Minions Labs designed a tool derived - yes, derived, we put our own vision and sauce into this indicator - which we called Waves PRO . This indicator provides a ZigZag controlled by the market volatility (ATR) to build its legs, AND on each ZigZag leg, we present the vital data statistics about it. Simple and objective. This indicator is also derived from the great book called " The Secret Science of Price and Volum
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Advanced Currency Impulse with Alert MT5
Advanced Currency Impulse with Alert MT5
Bernhard Schweigert
Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? USER MANUAL: click here Built on new underlying algorithms it makes it even easier to identif
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WaveTheory Fully automatic calculation
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Kaijun Wang
Dieser Indikator ist ein perfekter Indikator für die automatische Wellenanalyse für den praktischen Handel! Die standardisierte Definition der Band ist nicht länger eine Welle unterschiedlicher Menschen, und die Kunst der vom Menschen verursachten Interferenz wird beseitigt, was eine Schlüsselrolle bei der strengen Analyse des Ansatzes spielt. Verkauf mit einem Rabatt, machen Sie Freunde mit Ihnen! Kooperation QQ: 556024 " Kooperation wechat: 556024 " E-Mail für die Zusammenarbeit: 55
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Points Pivot
Points Pivot
Vitalii Zakharuk
Индикатор Points Pivot реализует разновидность технического анализа, основанную на идее о том, что рынок имеет циклическую природу. упрощает процесс принятия решений, распознавая развороты с помощью встроенного алгоритма, а затем подтверждает сигналы на уровнях поддержки/сопротивления. Таком образом индикатор отслеживает рыночный тренд с большой надежностью, игнорируя резкие колебания рынка и шумы вокруг средней цены. Индикатор можно использовать как для пипсовки на мелких периодах, так и для до
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ACB Trade Filter MT5
ACB Trade Filter MT5
KEENBASE SOFTWARE SOLUTIONS
ACB Trade Filter indicator provides a way to filtering out the low probability trading entries in a trading strategy. The indicator uses a sophisticated filtration algorithm based on the market sentiment and trend. The MT4 version of the same indicator is available here ACB Trade Filter MT4 Applications Works great with our indicator ACB Breakout Arrows MT5 Filter out low probability signals from any indicator. Avoid over-trading and minimize the losses. Trade in the direction of market sentim
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ScalperMultiMT5
ScalperMultiMT5
Andrey Spiridonov
ScalperMultiMT5 is a multicurrency indicator for professional traders. The indicator shows the complete market situation for the trader. The main advantage of this indicator is that it simultaneously analyzes six major currency pairs on all timeframes from M1 to MN. The indicator analyzes the trend strength. The indicator generates color-coded signals to visualize the market situation: Green - ascending trend. Red - descending trend. Yellow - trend is not defined. The indicator is excellent for
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Indicador Taurus All4 MT5
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Fabio Oliveira Magalhaes
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Spike killer boom crash
Spike killer boom crash
Israr Hussain Shah
• Nicht neu streichen • DelayNo Lag •Popup-Benachrichtigung • 98% überprüfte Genauigkeit • Echtzeitpfeile zum Auffangen von Spikes mit mindestens 4-8 Balken + Live-Handelsergebnisse anzeigen https://youtu.be/wbl0lC65Kx0 https://youtu.be/vTzrNmEbo4U https://youtu.be/Dpl5FmyF0JI https://youtu.be/A3kcEVSzjlU https://youtu.be/bU1rsR6RtCw Sie sehen ein Pfeilsignal und öffnen den Handel für Spike Der Stop-Loss des Handels beträgt 8 oder 10 Kerzen, wenn kein Spike-Exit erfolgt
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Discrete channel lite
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AvgVolumes PRO
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AvgVolumes
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Marco Montemari
This indicator is based on Volumes standard indicator, calculates the average of Volumes based on the last N bars set by users, and if the value of the volume is bigger then a set % respect the average a different color will be used. The indicator is shown in a separate indicator window. This version has now a limitation in setting the % about the threshold. If you are interested to set threshold consider to buy the PRO version ( https://www.mql5.com/en/market/product/35925 ) If you want to use
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Avg Volume Smart
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Marco Montemari
This indicator is based on Volumes standard indicator. User must select the bars he wants to consider in the set period and an average is calculated on these bars.  Let 's see an example to make it clear: Today at 11 am the volume is 342....I want to comparise with the average of volume of yesterday and 2 days ago at the same hour. Alarm can be fired when : the current volume is higher than a set threshold respect the average calculated on selected bars the current volume is higher than at l
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Discrete Channel
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Marco Montemari
The Discrete Channel (kind of renko on time) is a very useful indicator to filter the market noise. It consists of two outer lines. Until the market price is between the boundaries of the channel nothing happens. If price move outside the channel, you can enter buy (if the up line is broken) or sell (if the bottom line is broken) How to use The indicator is very simple to use. It accepts 4 inputs for adjusting the behaviour based on the user preference. Channel height : the distance in ticks b
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Renko MACD
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Forex Volumes
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Spread T
Spread T
Marco Montemari
Introduction If you are a fan of the Spread trading, you cannot miss this indicator. How To Use Find a high correlated pair( like EURTRY and USDTRY) (let 's call P1 and P2)  on a set Timeframe (suggested TF are H1 to D1)... Load this indicator into P1 window (ex. EURTRY). In the setting of the indicator write the P2 (USDTRY) and the AVG length. When the cross happens, enter into the trade. Let's check in detail how to operate. When the strength ratio line crosses down the up line, you ca
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Auswahl:
Yury Zaikouski
838
Yury Zaikouski 2020.12.07 04:13 
 

no words

Marco Montemari
20295
Antwort vom Entwickler Marco Montemari 2020.12.07 07:25
What is the problem?
Valentin Butorin
3990
Valentin Butorin 2020.07.23 13:35 
 

Der Benutzer hat keinen Kommentar hinterlassen

rektMan
72
rektMan 2019.04.21 07:07 
 

Der Benutzer hat keinen Kommentar hinterlassen

Antwort auf eine Rezension
Version 3.2 2020.12.18
Brick size in points
Version 3.1 2020.12.16
fix minor bugs
Version 3.0 2020.12.07
-removed cursor informations
-show loading in progress during bars creation
-added wicks and tails
Version 2.5 2020.12.07
fix datetime on renkobars
Version 2.4 2020.12.06
Added time info on renko bars
Version 2.2 2020.04.28
-Implemented Median Renko with no delay

-Implemented no blocking Alert.
(It could be very dangerous to have a pop up window if the user in the while was doing some operation on the market)
Version 2.0 2020.04.18
-Added median renko mode
-Added push notifications to phone
Version 1.15 2020.04.15
--Added True Renko visualization Mode
Version 1.14 2020.03.25
--New publish--
Version 1.13 2020.03.23
-On bar creation, info are given
Version 1.12 2019.11.16
Fix: if connection is lost, many push notifications were sent
Version 1.10 2019.11.04
Added Sync feature
Version 1.9 2019.11.03
Fix a bug, now indicator can be used with high timeframes
Version 1.8 2019.09.26
- Added alert on cross between AVGs
- Added push notification cross avg and fix
Version 1.6 2019.04.07
-Added Exponential Avg also fot the long running
-user can set a custom message in the push message
Version 1.5 2019.03.17
-Optimized to make it faster
-Custom event fired on a new bar creation