about renko live chart (base on close price)
Your topic has been moved to the section: MQL4 and MetaTrader 4
Please consider which section is most appropriate — https://www.mql5.com/en/forum/172166/page6#comment_49114893
Please consider which section is most appropriate — https://www.mql5.com/en/forum/172166/page6#comment_49114893
Phs Francis: Can MT4's Renko chart be calculated using only the close price, like in *** or ***? (live chart). I've tried many Renko EAs for MT4, but they are all based on OHLC data.
MetaTrader does not have intrinsic support for Renko charts. It is accomplished using indirect methods such as generating Offline Charts on MT4.
Given that MT4 does not support historical tick data either, it is very difficult to generate Renko charts based on tick history, unless the generator collects and stores the tick data itself.
So you will have to search for 3rd party products (or maybe in the Market section) that have these capabilities.
On the other hand, consider migrating to MT5 which does support historical tick data.
Also, please note that discussions, recommendations or suggestions for 3rd party products and services are not allowed on the forum. Please do your own research.
I've tried many Renko EAs for MT4, but they are all based on OHLC data.