Market / MetaTrader 5 / Indicators /

Professional Renko Chart MT5

30 USD

Demo downloaded: 13

Published: 1 July 2026

Current version: 1.2

Professional Renko Chart MT5

Indicators
Elham Afsharpour
Elham Afsharpour
Germany

1282
5 (3)
I am an experienced trading software developer with 8 years of programming experience, especially in Python, C++, and MQL5. During the last 2 years, I have focused mainly on developing Expert Advisors, custom indicators, trading tools, and automation systems for MetaTrader.

8 products
Version: 1.2
Updated: 23 July 2026
Activations: 5

Professional Renko Chart MT5 is a clean MetaTrader 5 Renko chart indicator designed to display Renko bricks in a separate indicator window, with optional Renko box visualization directly on the main price chart.

The indicator is built for traders who want a familiar Renko chart style inside MetaTrader 5, similar to the Renko chart visualization available on popular modern charting platforms such as TradingView. It converts normal time-based candles into Renko bricks and displays the result in a simple, clear, and practical format.

Several normal chart candles may create one Renko brick. Professional Renko Chart MT5 can also show Renko boxes on the main price chart and display how many normal candles were used to form each Renko brick.

This indicator is not an Expert Advisor. It does not open, close, or manage trades. It is a visual charting and market-analysis tool only. It can be used for manual analysis, Renko-based chart reading, trend observation, price movement filtering, and market structure review.

Main Features

Displays Renko bricks in a separate MT5 indicator window
Renko visualization style similar to modern charting platforms
Supports Traditional, ATR, and Percentage Renko box size methods
Supports Close-based and OHLC-based Renko calculation sources
Optional Renko-style wicks
Optional current candle projection bricks
Optional Renko boxes directly on the main price chart
Shows how many normal candles created each Renko brick
Click a Renko brick to highlight the related source candles on the main chart
Automatically moves the chart to the related candle area when the clicked Renko brick source candles are outside the visible chart area
Separate colors for normal up/down bricks and projection bricks
Popup and push alerts for Renko direction changes
Clean grouped inputs for easier use

How It Works

Professional Renko Chart MT5 reads the price data from the current chart and creates Renko bricks only when the selected box-size condition is completed.

For example, if the Traditional box size is set to 10.0, a new Renko brick is created only after the price moves enough to complete that box size. Depending on the market movement, one normal candle may create no Renko brick, one Renko brick, or several Renko bricks.

The separate Renko chart helps reduce the noise of normal time-based candles and focuses more on price movement. The optional main-chart Renko boxes help users understand exactly where each Renko brick was created on the original price chart.

Input Settings

Renko Settings

Box Size Assignment
Selects the Renko box size calculation method.

Available methods:

Average True Range
Uses ATR to calculate the Renko box size dynamically.

Traditional Fixed Box Size
Uses a fixed box size entered by the user.

Percentage LTP
Calculates the Renko box size as a percentage of the latest traded price.

Source
Selects which price source is used for Renko calculation.

Close
Uses candle close prices for Renko construction.

OHLC
Uses candle open, high, low, and close movement for Renko construction.

Traditional Box Size
Sets the fixed Renko box size in price units when Traditional mode is selected.
Example: on XAUUSD, 5.0 means a 5-dollar Renko box.

ATR Length
Sets the ATR period used when the ATR box size method is selected.

Percentage
Sets the percentage value used when Percentage LTP mode is selected.

Round Box To Tick
If enabled, the box size is rounded to the symbol tick size for cleaner price alignment.

Calculation Settings

Max History Bars
Sets how many chart bars are used to build the Renko history.

Max Generated Bricks
Sets a safety limit for the maximum number of Renko bricks that can be generated.

Max Bricks To Draw
Sets how many of the latest Renko bricks are displayed on the chart.

Show Wicks
If enabled, the Renko bricks include Renko-style wick information.

Drawing Settings

Use Equal Size Renko Display
If enabled, Renko bricks are displayed with equal visual width in the subwindow. This creates a clean Renko chart view.

Split Multiple Bricks In One Candle
If enabled, when several Renko bricks are created from one normal price candle, the bricks are visually separated instead of overlapping. This setting is used when equal-size display mode is disabled.

Brick Border Width
Sets the border width of Renko brick bodies.

Wick Width
Sets the width of Renko wick lines.

Draw Bodies In Front
If enabled, Renko brick bodies are drawn in front of the background objects.

Price Chart Renko Boxes

Show Price Chart Renko Boxes
If enabled, Renko boxes are also drawn on the main price chart. These boxes show where each Renko brick was created on the original time-based chart.

Price Chart Up Box Color
Sets the color of bullish Renko boxes on the main chart.

Price Chart Down Box Color
Sets the color of bearish Renko boxes on the main chart.

Price Chart Projection Up Box Color
Sets the color of bullish projection boxes on the main chart.

Price Chart Projection Down Box Color
Sets the color of bearish projection boxes on the main chart.

Price Chart Box Text Color
Sets the text color for the candle-count number shown inside main-chart Renko boxes.

Price Chart Box Alpha
Sets the opacity of the main-chart Renko boxes.
0 means fully transparent.
255 means fully solid.

Brick Click Candle Highlight

Enable Brick Click Candle Highlight
If enabled, clicking a Renko brick in the Renko subwindow highlights the normal price candles that created that Renko brick on the main chart.

Click the same brick again to hide the highlight.
Click another brick to remove the previous highlight and show the newly selected brick source candles.

If the related candles are outside the visible chart area, the main chart automatically moves so that the related candle area becomes visible near the center of the chart.

Colors

Up Brick Color
Sets the color of bullish Renko bricks in the Renko subwindow.

Down Brick Color
Sets the color of bearish Renko bricks in the Renko subwindow.

Projection Up Color
Sets the color of bullish projection bricks.

Projection Down Color
Sets the color of bearish projection bricks.

Alert Settings

Enable Popup Alert
If enabled, the indicator shows a popup alert when a Renko reversal is detected.

Enable Push Alert
If enabled, the indicator sends a mobile push notification when a Renko reversal is detected. Push notifications must be configured correctly in MetaTrader 5.

Alert On Projection
If enabled, alerts can also be triggered by projection bricks. If disabled, alerts are triggered only by confirmed Renko bricks.

Important Notes

Professional Renko Chart MT5 is a technical analysis indicator only. It does not provide financial advice and does not guarantee any trading result. Renko charts can help visualize price movement, but trading decisions should always be based on the user’s own analysis, risk management, and testing.

The indicator does not trade automatically. It does not open positions, close positions, manage stop loss, manage take profit, or control account risk.

For best results, test different box-size settings on the symbol and timeframe you trade, because each market has different volatility and price behavior.

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Currency Strength Wizard is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real s

125 USD

LAUNCH PRICE: $99 Axiom Matrix is available at the launch price of $99. The price will increase to $199 after the first 30 purchases. SPECIAL OFFER: After purchasing Axiom Matrix, send me a private message to claim the Smart Universal EA for FREE and turn your Smart Trend signals into automated trades. [User Manual] , [Online Course] , [PDF] And [DEMO] Axiom Matrix is a professional multi-symbol, multi-timeframe market scanner and decision dashboard for MetaTrader 5. It scans your Market Watc

99 USD

FX Power: Analyze Currency Strength for Smarter Trading Decisions Overview FX Power is your go-to tool for understanding the real strength of currencies and Gold in any market condition. By identifying strong currencies to buy and weak ones to sell, FX Power simplifies trading decisions and uncovers high-probability opportunities. Whether you’re looking to follow trends or anticipate reversals using extreme delta values, this tool adapts seamlessly to your trading style. Don’t just trade—trade

79 USD

ATy Gold and BTC Join my MQL5 channel to update the latest news from me. My community of over 80,000 members on MQL5 ATbot : How It Works and How to Use It How It Works The "AtBot" indicator for the MT5 platform generates buy and sell signals using a combination of technical analysis tools. It integrates Simple Moving Average (SMA), Exponential Moving Average (EMA), and the Average True Range (ATR) index to identify trading opportunities. Additionally, it can utilize Heikin Ashi candles to en

59 USD

The Trend Line PRO indicator is an independent trading strategy. It shows the trend change, the entry point to the transaction, as well as automatically calculates three levels of Take Profit and Stop Loss protection. Trend Line PRO is perfect for all Meta Trader symbols: currencies, metals, cryptocurrencies, stocks and indices. The indicator is used in trading on real accounts, which confirms the reliability of the strategy. Robots using Trend Line PRO and real Signals can be found here:

49 USD

A clean MT5 structure-based trend detector with visual trend arrows, valid pivot markers, and optional structure areas. STS Structure Trend Detector is a clean MetaTrader 5 indicator for detecting market trend direction from price structure. STS Structure Trend Detector is designed for traders who want a simple visual tool to follow the current market structure directly on the chart. The indicator analyzes valid highs and lows, detects structural trend changes, and displays the result with clear

450 USD

ATD Channel Pattern Detector is a MetaTrader 5 indicator for detecting and drawing price channels directly on the chart. ATD Channel Pattern Detector is a visual technical-analysis tool designed to identify possible ascending, descending, and horizontal channel structures based on price movement. The indicator scans historical bars, detects channel formations using its internal pattern-detection logic, and draws the detected channel lines on the chart. This indicator is not an Expert Advisor. It

99 USD

NewsGuard Pro for MetaTrader 5 NewsGuard Pro is an economic-news filter, trading guard, chart dashboard, and position-protection Expert Advisor for MetaTrader 5. It monitors economic events related to selected symbols and currencies, blocks trading during configurable news periods, detects abnormal spreads, displays upcoming events on the chart, and can protect existing positions. NewsGuard Pro does not generate trading signals or open positions. It works as a protection layer for manual traders

199 USD

Trend Fusion MTF Trend Fusion MTF is a multi-timeframe trend and market-structure indicator for MetaTrader 5. It analyzes up to six selected timeframes independently and displays their current direction in a clean chart panel. Each timeframe can have its own weight, allowing higher timeframes to have more influence on the final trend-power result. The indicator uses confirmed price pivots and market-structure patterns, including BOS and CHOCH, to classify each timeframe as: Uptrend Downtrend Neu

199 USD

Telegram Trade Publisher for MT5 Publish MetaTrader 5 position activity directly to your own Telegram chat, group or channel with customizable messages, chart screenshots and organized trade updates. Telegram Trade Publisher is a monitoring and publishing utility for traders, signal providers and trading communities. It observes positions across the MT5 account and reports selected events through the Telegram Bot API. The utility does not open, close or modify trades. Main features New-position

399 USD

See the Complete Market Picture from One Chart Multi-Symbol Market Regime Radar Pro is an advanced market scanner for MetaTrader 5 that analyzes multiple symbols and timeframes simultaneously. Instead of switching between many charts, the dashboard provides a clear overview of market direction, trend strength, confidence, volatility and higher-timeframe agreement in one organized panel. The indicator does not depend on a single moving average or oscillator. It combines six independent analytical

699 USD

Understand Where Price May Search for Liquidity Liquidity Reaction Map MT5 is a chart-based market analysis indicator that identifies potential buy-side and sell-side liquidity areas from confirmed price structure. It combines swing points, equal highs and lows, previous daily and weekly levels, session extremes and round prices into an organized liquidity map. Nearby levels can be merged and ranked according to their strength, proximity and source confluence. The indicator helps traders study

399 USD

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Professional Renko Chart MT5

Elham Afsharpour