Renko bars builder
- Indikatoren
- Navdeep Singh
- Version: 1.1
- Aktualisiert: 16 August 2021
The indicator builds a Renko chart in the sub window for the current symbol. The bars are formed from live data and the desired bar size can be set in the inputs tab.
Most importantly, because the Renko chart only uses price to construct bars and ignores time, the indicator can be applied to any time frame and same results can be achieved.
Recommended usage
Parameters
- Bar length in points
- Bullish bar color
- Bearish bar color
- Bar width
Excellent plugin for removing noise, it's a bit of a shame that after turning off MT4 and turning it on again, the data disappears and I have to wait for the new current data to be loaded. I haven't found any better option yet, that's why 5 stars