Download MetaTrader 5

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

2012.12.12 10:57

AdaptiveRenko - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

votes: 10

The real author:



The NRTR Moving Average from Konstantin Kopyrkin for trailing stops and trends display. Dotted line is the upper and the lower boundaries of the channel (bricks). Solid lines are support/resistance lines. 

The restriction on the minimum thickness of the brick (field WideMin eliminates false switching to thin market) and judging by the standard deviation are added.

Also display of the trend determined by the logic of the author (support/resistance) is added.

Restriction on the minumum thickness allows using a fixed thickness as in a classic Renko (brick = 4 pips).

It should be noted that the indicator depends on the starting point of its calculations and if, for example, the maximum number of bars in the window in the terminal settings is changed, then the location of the indicator on the chart will change!

This indicator was first implemented in MQL4 and published in Code Base at on 05.04.2010. 


Fig.1 The AdaptiveRenko indicator

Fig.1 The AdaptiveRenko indicator 

Translated from Russian by MetaQuotes Software Corp.
Original code:

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

TP-SL_Removing TP-SL_Removing

Immediately deletes the SL/TP of all positions.

Closed_TOTAL Closed_TOTAL

Total closure of all positions (winners/losers). You can also select which are of a single instrument.