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

2016.05.12 13:39
Renko Indicator

Renko Indicator - indicator for MetaTrader 4

| English Español Português 日本語 Deutsch

Published by:
votes: 6

Real author:

LastViking and modifiers, improvers, updaters etc.


RenkoLiveChart_v600 version 6 indicator converted from RenkoLiveChart_v600 version 6 Expert Advisor.
  • The RenkoLiveChart_v600_indi is placed on a M1 chart and the Renko chart generated as an offline M7 * chart. See: File → Open Offline.On the the
  • On the M1 chart ensure Auto Scroll & Chart Shift buttons are depressed or activated from Charts → Auto Scroll & Chart Shift.
  • See Commons Tab image below.
  • If markets are closed and the renko chart is not found in File → Open Offline try closing and opening the MT4 Terminal.
  • If markets are open but ticks are slow and the Renko chart has not updated try changing the M1 chart to M5 and back to M1.
  • Renko_Range_Detector indicator can be attached to the Renko offline chart for Renko boxsize verification. See: Below image - Renko Chart.

* Or any user selected timeframe other than reserved timeframes (M1, M5, M15, M30, M60, H4, D1, MN).

Research: Further information can be found on the internet and video sites.

Common Tab

Common Tab

Renko Chart

Renko Chart

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.

LinesProfitLoss LinesProfitLoss

Calculates profit (loss) of the current orders on the symbol.

FFC - Forex Factory Calendar FFC - Forex Factory Calendar

Modified version of FF Calendar Indicator with new features.