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Published:

2017.05.02 10:46

Updated:

2020.02.11 12:25

Renko Level.mq5 (24.46 KB) view

Download as ZIP, How to download code from MetaEditor

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The indicator displays the Renko bars on the MetaTrader 5 chart.

The calculation of the nearest border is as follows:

Renko level

For the current price three price levels are calculated:

price_ceil
price_round
price_floor

In this case, the distance between "price_ceil" and "price_round" and the distance between "price_round" and "price_floor" is equal to the size of the "brick". The size of the brick is set in the input parameter "InpSize".

If you want to clearly see the price, then turn on the "Chart in foreground":

Chart in foreground

After that the price will be on top of the "bricks":

Renko level Chart in foreground.png

N Candles v2

We look for N identical candles in a row. If the found candles bull - we buy, if bear - we sell.

Spread statistics

The average spread for the "averaging period". You can set the background transparency and transparency of the text. CCanvas.

HTH Trader

Hedge The Hedge Trader EA.

High-performance iTimeSeries for time-sensitive applications

This time-series library brings lightning-fast timeseries access to MQL5 for time-sensitive applications while implementing the familiar methods of MQL4, e.g. iBarShift.

Renko Level - indicator for MetaTrader 5