Indicators: Renko Level

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Automated-Trading
149252
Automated-Trading  

Renko Level:

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

Renko level

Author: Vladimir Karputov

Renko Level
Renko Level
  • www.mql5.com
The indicator displays the Renko bars on the MetaTrader 5 chart. The calculation of the nearest border is as follows: For the current price three price levels are calculated: In this case, the distance between "price_ceil" and "price_round" and the distance between "price_round" and...
Thomas Walton
31
Thomas Walton  

that last image you show looks like support/resistance, settings pls. this is for mt5?

thx

Tom 

Vladimir Karputov
Moderator
179870
Vladimir Karputov  
crazydad:

that last image you show looks like support/resistance, settings pls. this is for mt5?

thx

Tom 


On the image:

Renko level Chart in foreground.png

Lines correspond to the levels:

  • price_ceil
  • price_round
  • price_floor
Leonid Kasyanov
32
Leonid Kasyanov  
Very interesting!
Lim Ling
28
Lim Ling  

HI,


do you have the mql4 version of this indicator? appreciate greatly.

Vladimir Karputov
Moderator
179870
Vladimir Karputov  
Lim Ling :

HI,


do you have the mql4 version of this indicator? appreciate greatly.


No. mql4 is the old terminal. Five years ago I stopped supporting the old terminal.

dclark24
95
dclark24  
Hello, Is there a way to modify the code simply so that for a bullish Renko candle the Current price is the same as the price_ceil? In this case the price_ceil - price_floor would be the length of the Renko candle.
Vladimir Karputov
Moderator
179870
Vladimir Karputov  
dclark24 :
Hello, Is there a way to modify the code simply so that for a bullish Renko candle the Current price is the same as the price_ceil? In this case the price_ceil - price_floor would be the length of the Renko candle.

I do not understand what exactly is needed. The code does just that.

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