Indicators: Renko - page 2

New comment
 

To fix the double-bar problem:

   Go to line 177 and replace:

      "for ( ; lastClose < RenkoBuffer[renkoShift-1] - boxSize; ) {"

   with:

      "for ( ; lastClose < RenkoBuffer[renkoShift] - boxSize; ) {"

 

Hi Rodrigo,


I use RENKO CHART on MT4. Is it the right one for MT5?


Ezequiel Meneguele

 
Ezq_Meneguele:

Hi Rodrigo,

I use RENKO CHART on MT4. Is it the right one for MT5?

Ezequiel Meneguele

Hi Ezq_Meneguele,

It's not a question of whether it's "suitable" or not... Renko works normally on both MT4 and MT5. You just need to use the right indicator with the right language.

Cheers,
Malacarne

 
Sergey Golubev:

Just some more about Renko ... download this indicator and use it with Box size settings = 300 for D1 timeframe. If we will trade on close bar (and "on close color") so we should receive 447 pips for August till now ... 447 pips as p/l (121 + 103 - 9 +232) ! ... this is very good.

I am talking about using this indicator for trading on high timeframes - good profit with minimal losses:


Hello Sergey,

please how can i download the renko chart i can't see any link, and can you help me in setting up the renko chart ind.

Thanks 

 
Sergey Golubev:

Just some more about Renko ... download this indicator and use it with Box size settings = 300 for D1 timeframe. If we will trade on close bar (and "on close color") so we should receive 447 pips for August till now ... 447 pips as p/l (121 + 103 - 9 +232) ! ... this is very good.

I am talking about using this indicator for trading on high timeframes - good profit with minimal losses:


Hello Sergey,

please how can i download the renko chart i can't see any link, and can you help me in setting up the renko chart ind.

Thanks 

 

Hello Sergey,

hello Crazy Rabbit,


I have downloaded the latest version of this indicator. Unfortunately the double box problem is still not solved

@crazy Rabbit, your changes have been applied, but the problem persists (I think its line 126 now?)


Any ideas what to change? Or am I wrong?

Thanks,

blackfriday

 
If I only use it for entries and exits... is the price at which the bar is at the moment the real one?
 
Please be more specific?
 
pazvto300:
If I only use it for entries and exits... is the price it shows at the time of the bar the real one?

The value that the renko shows is not the same as the current price of the asset, just as the moving average indicator does not indicate the current price but a value of the average of N periods of the price.

Please note that the renko indicator makes a calculation to generate the bars.

 
Rodrigo da Silva Boa:
Please be more specific?
The indicator does not show the current price of the asset, a calculation is made to generate the bars / lines etc.
1234
New comment