Watch how to download trading robots for free
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal

Renko Range Detector - indicator for MetaTrader 4

file45 | English Español Português 日本語 Deutsch

votes: 8
2013.12.23 11:20
2016.11.22 07:32

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.

  1. Renko Bars/Candles all have the same fixed range value from open to close..
  2. Note for newbies: A Renko offline charts is generated from a Scripts, or Indicators, or Expert Advisor running on a M1 chart
  3. Abundant additional information is available on the internet.

Renko Range size calculation: Open - Close for down bar. Close - Open for up bar.


GBPUSD, M11(offline): 1.41975 - 1.41900 = 75 points = 7.5 pips.

Data Window

Value Chart Deluxe Edition Value Chart Deluxe Edition

Value Chart as developed by David Stendhal. Value Chart was designed to show the valuation of the market.

ALGLIB - Numerical Analysis Library ALGLIB - Numerical Analysis Library

ALGLIB math function library (v. 3.5.0) ported to MQL4.

Constant Range Detector Constant Range Detector

Detects and displays the fixed value of Constant Range Bars/Candles.

a_informer a_informer

It Is placing stop loss and take profit at a given distance. Displays the current status of open orders. For closing of the order it is enough to select and move the label to the left.