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RenkoMaStoch

The indicator displays renko bars on a chart, uses them to plot the fast and slow moving average and Stochastic, as well as it provides buy/sell signals:

  • a buy signal is generated when the fast moving is above the slow one, and the signal line of Stochastic crosses the lower level from bottom up;
  • a sell signal is generated when the fast moving is below the slow one, and the signal line of Stochastic crosses the upper level from top to bottom;

Renko is a non-trivial price display method. Instead of displaying each bar within a time interval, only the bars where the price moved a certain number of points are shown. Renko bars do not depend on a time interval, therefore the indicator works on any timeframe without losing its efficiency.

Buy and sell signals appear on the chart as corresponding arrows, as well as are displayed as a pop-up alert, in an e-mail and push notifications.


Parameters

  • RenkoBar - renko bar size (specified for 4-digit quotes, automatically re-calculated for 5- and 3-digit quotes);
  • CountBars - number of renko bars displayed on a chart;
  • bearColor - bearish bar color;
  • bullColor - bullish bar color;
  • hideBars - flag of hiding standard bars on a chart;
  • MaFastPeriod - the period of the fast moving average;
  • MaFastMethod - method of calculation of the fast moving average;
  • MaFastColor - the color of the fast moving average;
  • MaSlowPeriod - the period of the slow moving average;
  • MaSlowMethod - method of calculation of the slow moving average;
  • MaSlowColor - the color of the slow moving average;
  • StochK - Stochastic K period;
  • StochD - Stochastic D period;
  • StochSlow - Stochastic slowing;
  • StochUpLevel - the upper level of Stochastic;
  • StochDownLevel - the lower level of Stochastic;
  • StochMainColor - the color of the main line of Stochastic;
  • StochSignalColor - the color of the signal line of Stochastic;
  • BuyColor - the color of the Buy signal arrow;
  • SellColor - the color of the Sell signal arrow;
  • useAlert - enable notifications in a popup window;
  • useMail - enable email notifications;
  • useNotification - enable push notifications;
  • messageText - the text of the notification.
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