Basic Renko MT5
- Indicators
- Mehran Sepah Mansoor
- Version: 1.0
The Basic Renko indicator shows the Renko boxes on the main chart.
Its advantage is that you have access to both the main chart and the Renko chart at the same time. In addition, you can find out how many bars it took to form each Renko box.
When a reversal occurs, the indicator will notify you with pop-up, push and email alerts.
This indicator does not have complicated settings, and beginners and professionals can easily use it in their strategies.
Inputs
- Box Size: The size of the boxes is based on points
- Upward Box Color: Bullish box color
- Downward Box Color: Bearish box color
- Box Opacity: The amount of opacity (number between 0 and 100) transparency increases with decreasing opacity
- Text Color: The color of the numbers that count the number of bars in each box
- Font Size: Number text size
- Max Bars: The maximum number of bars for which the indicator will perform calculations [Zero means all available bars]
- Pop-up alert: Alert to the MT5 terminal when a reversal occurs
- Push Notification: Alert to phone when a reversal occurs
- Email: Sending an email when a reversal occurs