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Basic Renko MT4

FREE

Published: 9 March 2024

Current version: 2.10

Basic Renko MT4

Name: Basic Renko MT4
Rating: 4 (8 reviews)
Author: Mehran Sepah Mansoor

Indicators
Mehran Sepah Mansoor
Mehran Sepah Mansoor
CEO at BaseOfTrading

Canada

247454
4.8 (759)
- BaseOfTrading.com
𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐄𝐱𝐩𝐞𝐫𝐭𝐢𝐬𝐞
With 11 years immersed in the trading industry, I bring a wealth of knowledge and experience to the table.
𝐏𝐫𝐨𝐠𝐫𝐚𝐦𝐦𝐢𝐧𝐠 𝐏𝐫𝐨𝐰𝐞𝐬𝐬

28 products 1 topic 1 comment
Version: 2.10
Updated: 4 July 2025

The Basic Renko indicator is a powerful tool for traders looking for a clear and concise market perspective. Our indicator not only simplifies trend visualization, but also offers accurate alerts for reversals, providing a strategic edge in your trading / Free MT5 Version

Features

Fully Customizable: Tailor the indicator to your business preferences with advanced customization options. From colors to box size settings, you have full control over how information is displayed on your chart.
Reversal Alerts: Be the first to know about potential changes in market direction with our reversal alerts. This allows you to make informed and timely decisions to maximize your profits and minimize your losses.

Inputs

Size of the boxes: Box sizes (based on points)
Bullish box color: Bullish box color
Bearish box color: Bearish box color
Box opacity: The amount of opacity (between 0 and 100). Transparency increases as opacity decreases
Text color: The color of the numbers that count the number of bars in each box
Font size: The size of the numeric text
Max Bars: Maximum number of bars for which the indicator will perform calculations (zero means all available bars)
Pop-up Alert: Alerts the MT4 terminal when a reversal occurs
Email alert: Email alert when a reversal occurs
Push notification alert: Alerts the phone when a reversal occurs

more...

335

Dhayatama 2026.04.16 13:37 #

Good indicator

lt775775 2025.03.27 18:26 #

Thank you

2033

heiko v.piechowski 2024.06.11 16:06 #

Great, thanks for sharing

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Access a wide range of moving averages, including EMA, SMA, WMA, and many more with our professional Comprehensive Moving Average indicator. Customize your technical analysis with the perfect combination of moving averages to suit your unique trading style / MT5 Version Features Possibility to activate two MAs with different settings. Possibility to customize chart settings. Possibility to change the color of the candlesticks depending on crossed MAs or price crossed with MAs. Sending of a

FREE

This dashboard discovers and displays the Supply and Demand zones on the chart, both in scalping and long term mode, depending on your trading strategy for the selected symbols. In addition, the scanner mode of the dashboard helps you to check all desired symbols at a glance and not to miss any suitable positions / MT4 version Free indicator: Basic Supply Demand Features Allows you to view trading opportunities on multiple currency pairs , giving you a clear and concise view of all p

99 USD

Our Basic Candlestick Patterns indicator makes identifying major candlestick patterns easier than ever. Discover patterns such as the Hammer, the Evening Star, the Three White Soldiers and many more with just a glance at your chart. With an intuitive interface and clear visual cues, our indicator helps you identify trading opportunities quickly and accurately / MT5 version Dashboard Scanner for this indicator: ( Basic Candlestick Patterns Dashboard ) Features Accuracy : Automatically identifie

FREE

VEXOR - Advanced MT5 Trading Panel & Risk Management Tool Take control of every trade with VEXOR, a modern trading panel for MetaTrader 5 (MT5) designed for traders who value precision, speed, and a better trading experience. MT4 Version Place market and pending orders, calculate position sizes, manage risk, and configure Stop Loss and Take Profit levels through an intuitive graphical interface. Unlike conventional trading panels with rigid layouts and outdated interfaces, VEXOR combines a sleek

FREE

Basic supply demand indicator is a powerful tool designed to enhance your market analysis and help you identify key areas of opportunity on any chart. With an intuitive and easy-to-use interface, this free Metatrader indicator gives you a clear view of supply and demand zones, allowing you to make more informed and accurate trading decisions / Free MT5 version Dashboard Scanner for this indicator: ( Basic Supply Demand Dashboard ) Features The indicator automatically scans the chart for

FREE

This powerful tool automatically identifies trend lines, helping you streamline your trading strategy and make more informed decisions. MT5 Version Key Features Automatic Trend Line Detection : The "Basic TrendLine" indicator scans the market for potential trend lines and displays them on your chart instantly. This saves you valuable time and ensures you never miss an important trend. User-Friendly Panel : Our indicator comes with a beautiful, intuitive panel that allows you to easily draw a v

45 USD

Basic Theme Builder: Simplify Your Chart Customization Transform your trading experience with the Basic Theme Builder indicator, a versatile tool designed to streamline the customization of your chart's appearance on MetaTrader 5. This intuitive indicator offers a user-friendly panel that enables you to effortlessly switch between various themes and color schemes, enhancing both the visual appeal and functionality of your trading environment. Free MT4 version The Basic Theme Builder indicator i

FREE

This powerful tool automatically identifies trend lines, helping you streamline your trading strategy and make more informed decisions. MT4 Version Key Features Automatic Trend Line Detection : The "Basic TrendLine" indicator scans the market for potential trend lines and displays them on your chart instantly. This saves you valuable time and ensures you never miss an important trend. User-Friendly Panel : Our indicator comes with a beautiful, intuitive panel that allows you to easily draw a v

45 USD

VEXOR - Advanced MT5 Trading Panel & Risk Management Tool Take control of every trade with VEXOR, a modern trading panel for MetaTrader 5 (MT5) designed for traders who value precision, speed, and a better trading experience. MT5 Version Place market and pending orders, calculate position sizes, manage risk, and configure Stop Loss and Take Profit levels through an intuitive graphical interface. Unlike conventional trading panels with rigid layouts and outdated interfaces, VEXOR combines a slee

FREE

Basic Theme Builder: Simplify Your Chart Customization Transform your trading experience with the Basic Theme Builder indicator, a versatile tool designed to streamline the customization of your chart's appearance on MetaTrader 4. This intuitive indicator offers a user-friendly panel that enables you to effortlessly switch between various themes and color schemes, enhancing both the visual appeal and functionality of your trading environment. Free MT5 version The Basic Theme Builder in

FREE

This dashboard discovers and displays the Supply and Demand zones on the chart, both in scalping and long term mode, depending on your trading strategy for the selected symbols. In addition, the scanner mode of the dashboard helps you to check all desired symbols at a glance and not to miss any suitable positions / MT5 version Free indicator: Basic Supply Demand Features Allows you to view trading opportunities on multiple currency pairs , giving you a clear and concise view of all pairs, r

99 USD

Optimize your trading decisions with our market strength and sentiment indicator and no longer trade against the trend! Meticulously designed for serious traders who value accurate and timely information, our indicator provides a bird's-eye view of the 28 major pairs in a very simple way. This tool is able to rank the currency pairs based on terms of popularity, bullish or bearish trend strength and percentage of buyers and sellers / MT5 version . Features Real-Time Trend Strength: Get an accu

99 USD

Discover the power of volume analysis with our volume profile indicator for Metatrader! / MT5 Version Basic Volume Profile is an indicator specifically designed for manual traders looking to optimize their trading. The Volume Profile Indicator is an essential tool for any serious trader looking to better understand market behavior. With our innovative solution you can clearly and concisely visualize how trading volume is distributed across prices. This allows you to identify key areas of inter

45 USD

Our Basic Support and Resistance indicator is the solution you need to boost your technical analysis. This indicator allows you to project support and resistance levels on the chart / MT5 Version Features Integration of Fibonacci Levels: With the option to display Fibonacci levels alongside support and resistance levels, our indicator gives you an even deeper insight into market behavior and possible reversal areas. Performance Optimization: With the option to update extended lines only at th

65 USD

Optimize your trading decisions with our market strength and sentiment indicator and no longer trade against the trend! Meticulously designed for serious traders who value accurate and timely information, our indicator provides a bird's-eye view of the 28 major pairs in a very simple way. This tool is able to rank the currency pairs based on terms of popularity, bullish or bearish trend strength and percentage of buyers and sellers / MT4 version . Features Real-Time Trend Strength: Get an a

99 USD

85 USD

Discover the power of volume analysis with our volume profile indicator for Metatrader! / MT4 Version Basic Volume Profile is an indicator specifically designed for manual traders looking to optimize their trading. The Volume Profile Indicator is an essential tool for any serious trader looking to better understand market behavior. With our innovative solution you can clearly and concisely visualize how trading volume is distributed across prices. This allows you to identify key areas of i

45 USD

Our Basic Support and Resistance indicator is the solution you need to boost your technical analysis. This indicator allows you to project support and resistance levels on the chart / MT4 Version Features Integration of Fibonacci Levels: With the option to display Fibonacci levels alongside support and resistance levels, our indicator gives you an even deeper insight into market behavior and possible reversal areas. Performance Optimization: With the option to update extended lines onl

65 USD

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335

Dhayatama 2026.04.16 13:37 #

Good indicator

Alex De 2025.09.18 00:27 #

Seems to be working quite alright. I like that it is an overlay on my current candlesticks charts so I can use the candlesticks and its graphs along with this overlay.

What I don't like is that it totally lacks a description of the properties panel. Obvious, colors don't need descriptions but the others options do.

The video with the girl, although she is pretty, is not good I'm afraid.

102

jerome88974 2025.05.15 19:39 #

The indicator works, it's great. It's my fault, I didn't install it properly! Thanks

247454

Reply from developer Mehran Sepah Mansoor 2025.05.15 20:27 #

There is no limit on symbols.
For specific symbols, you need to set the size of the bricks correctly.
It is recommended to spend at least some time reading the indicator description and learning how to use it.

1202

Hendrikus Pelgrim 2025.04.09 12:59 #

Good.

lt775775 2025.03.27 18:26 #

Thank you

[Deleted] 2024.11.02 00:46 #

User didn't leave any comment to the rating

113

Lindawei 2024.09.13 17:06 #

此指标使用后发现有未来函数，一旦趋势改变会重新粉刷，慎用！

对这个 Renko 指标经过了解后理解它会重新粉刷，那请问您的 Renko 指标如何应用才能：Be the first to know about potential changes in market direction with our reversal alerts.

247454

Reply from developer Mehran Sepah Mansoor 2024.09.13 18:04 #

Dear Lindawei, Please note that this is a special Renko indicator. It's Not a signal indicator. If you are not familiar with Renko, it is better to read a little about it.

2033

heiko v.piechowski 2024.06.11 16:06 #

Great, thanks for sharing