Watch how to download trading robots for free

Find us on Twitter!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:: 14554
Rating:: (30)
Published:: 2014.03.06 14:25
Updated:: 2016.11.22 07:32

renko_v2.mq5 (10.41 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Real author:

TrendLaboratory Ltd

The indicator implements a breakthrough system using the Renko channel. When price exits the gray channel, the bar color changes to the color corresponding to trend direction.

Green for the growth of a financial asset, red color - fall. Bright colors denote coincidence of trend direction and direction of a candlestick. Dark colors correspond to the situation when the direction of a candlestick is opposite to trend.

Figure 1. Indicator Renko_v2

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/2093

TrendTriggerMod_HTF

The TrendTriggerMod indicator with the timeframe selection option available in input parameters.

PrevDayAndFloatingPivot_HTF

The PrevDayAndFloatingPivot indicator with the timeframe selection option available in input parameters.

ShadeNY

The trade sessions indicator.

Donchian Channels System

The indicator implements a breakthrough system using Donchian_Channels.

Renko_v2 - indicator for MetaTrader 5