I want to change the indicator for Renko candles only based on changes in PIPS and not on a time basis. That is to say, do not wait until the candlestick closing for the Renko candles are built but they are built gradually as the PIPS evolves without considering the candlesticks.
I do not know if it's clear, please excuse me for my english
I want to know if such a change is feasible.
unfortunately MT5 doesn't natively have charts other than price charts.
So, I'm afraid it's not possible to do what you want, except if you program it from scratch, i.e., you have to program a "pips-Renko-chart" and then apply your indicator to his kind of chart, but everything programmatically.
This Renko Charting Suite might help.
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