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RenkoMaPriceChannel

1

The indicator displays Renko bars on the chart, uses their data to calculate and display the moving average, PriceChannel and generates buy/sell signals.

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.

The PriceChannel indicator displays the upper, lower price borders over the specified period and the middle line on the chart.

A buy signal is generated when the moving average crosses the middle line of PriceChannel from below, sell signal - from above.

The signals are displayed as arrows, messages in a pop-up window, e-mails and push notifications. The indicator also generates EventChartCustom custom event for using signals for automating the trading process. The event generated by the indicator can be processed by the EA in the OnChartEvent function. The indicator passes the following parameters to the event handler: id - identifier; dparam - value of the corresponding PriceChannel line for placing a stop loss; sparam - text message.

The indicator can be attached on chart of any symbol with any timeframe.


Parameters

  • RenkoBar - renko bar size in points (automatically re-calculated for five-digit quotes);
  • CountBars - number of renko bars displayed on the chart;
  • bearColor - bearish renko bar color;
  • bullColor - bullish renko bar color;
  • hideBars - flag of hiding standard bars from the chart;
  • useM1 - use M1 quotes for initial indicator drawing;
  • chPeriod - PriceChannel period;
  • chWidth - minimum width of PriceChannel (automatically recalculated for 5-digit quotes);
  • UpColor - the color of the upper line of PriceChannel;
  • DownColor - the color of the lower line of PriceChannel;
  • MiddleColor - the color of the middle line of PriceChannel;
  • MA_Period - MA period;
  • MA_Color - MA color;
  • useSlowMa - using slow moving average;
  • Slow_MA_Period - the period of the slow moving average;
  • Slow_MA_Color - the color of the slow moving average;
  • SignalColor - signal arrow color;
  • useAlert - popup alerts;
  • useMail - email alerts;
  • useNotification - push notifications;
  • CustomEventBuy - buy custom event indicator (0 - disabled);
  • CustomEventSell - custom sell event indicator (0 - disabled).
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Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me Introducing the revolutionary RSI Kernel Optimized with Scanner , a cutting-edge tool that redefines traditional RSI analysis by integrating the powerful Kernel Density Estimation (KDE) algorithm. This advanced indicator not only provides real-time insights into market trends but also in
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The Expert Advisor allows you to build a trading system based on a custom indicator. It performs automated opening/closing of deals based on the signals of an indicator that places values ​​other than 0 and EMPTY_VALUE in the buffer. The EA polls the values ​​of the specified indicator buffers, opens/closes and accompanies trades according to the specified parameters. The Expert Advisor implements the following trade support functions: - installation for the transaction SL and TP; - calculation
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The Expert Advisor allows you to build a trading system based on a custom indicator. It performs automated opening/closing of trades based on the signals of arrow indicators (which buffer values ​​other than 0 and EMPTY_VALUE) or color lines. The EA polls the values ​​of the specified indicator buffers, opens/closes and accompanies trades according to the specified parameters. The Expert Advisor implements the following trade support functions: -installation of SL and TP; -calculation of the
The indicator detects and displays М. Gartley's Butterfly pattern. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, no need to install). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The pattern and wave parameters are displayed on the screenshots. The default parameters are used for demonstration purposes only in order to increase the amount of detected patterns. Parameters z
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Semiautomatic EA for trading based on the averaging and locking strategy. The trader sends signals for opening grids by using the buttons on the chart. The EA opens a market order, places a grid of limit orders in the same direction with lot multiplication according to specified parameters and a locking stop order in the opposite direction with the volume equal to the sum of all the previous ones. Once the price passes the specified breakeven level, the EA places a stop loss at the open price+sp
The indicator displays the data of the Stochastic oscillator from a higher timeframe on the chart. The main and signal lines are displayed in a separate window. The stepped response is not smoothed. The indicator is useful for practicing "manual" forex trading strategies, which use the data from several screens with different timeframes of a single symbol. The indicator uses the settings that are identical to the standard ones, and a drop-down list for selecting the timeframe. Indicator Paramet
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The indicator detects divergence signals - the divergences between the price peaks and the MACD oscillator values. The signals are displayed as arrows in the additional window and are maintained by the messages in a pop-up window, e-mails and push-notifications. The conditions which formed the signal are displayed by lines on the chart and in the indicator window. Indicator Parameters MacdFast - fast MACD line period MacdSlow - slow MACD line period MacdSignal - MACD signal line period MacdPric
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The indicator displays the price movement on the chart, which is smoothed by the root mean square function. The screenshot shows the moving average with period 20, the smoothed root mean square (red) and simple SMA (yellow). The indicator parameters MAPeriod - Moving average period MaPrice - applied price (drop down list, similar to the standard MovingAverage average) BarsCount - number of processed bars (reduces download time when attaching to the chart and using in programs).
SqrtDev
Sergey Deev
The indicator displays the standard price deviation from the root mean moving average line in the additional window. The screenshot displays the standard indicator (the lower one) and SqrtDev (the upper one). Parameters SqrtPeriod - root mean line and standard deviation period. SqrtPrice - applied price (drop-down list). BarsCount - amount of processed bars (reduces the download time when applying to a chart and using in programs).
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The indicator detects and displays the AB=CD harmonic pattern on the chart according to the scheme provided in the screenshot. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, does not require additional installation). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The indicator highlights not only the complete figure, but also the time of its formation. During the formation the
The indicator detects and displays the White Swan and Black Swan harmonic pattern on the chart according to the scheme provided in the screenshot. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, does not require additional installation). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The indicator highlights not only the complete figure, but also the time of its formation. Duri
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The indicator detects and displays Cypher harmonic pattern also known as Anti-Butterfly (see the screenshot). The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, no need to install). After detecting the pattern, the indicator notifies of that by a pop-up window, a mobile notification and an email. The indicator highlights the process of the pattern formation and not just the complete pattern. In the former case, it is displayed in the contour triangle
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The indicator displays renko bars on a chart, use them to plot MACD histogram and provides buy/sell signals: signal of MACD histogram crossing its signal line; signal of MACD histogram crossing the line 0. 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 efficienc
RenkoMaStoch
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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
The indicator displays Renko bars on the chart and uses them to plot the ZigZag - trend lines connecting the local Lows and Highs of the price movement. Renko - specialized display of the price action, in which the graph is displayed not every bar of the time frame, but only under the condition that the price had passed more than the specified number of points. Renko bars are not bound to a time frame, so the indicator can work on any time frame with the same efficiency. This implementation of t
The indicator displays Renko bars on the chart, uses them to plot the ZigZag - trend lines connecting the local Lows and Highs of the price movement, and highlights them based on the Gartley patterns, showing the potential price reversal points. Renko - specialized display of the price action, in which the graph is displayed not every bar of the time frame, but only under the condition that the price had passed more than the specified number of points. Renko bars are not bound to a time frame, s
The indicator displays renko bars on a chart, uses them to plot the MACD oscillator and determines the divergence conditions (divergences of price movements and oscillator values). The buy/sell signal is formed if the next High/Low price is not confirmed by the oscillator values. The ZigZag indicator is used to evaluate the extremums. Only the last 3 peaks are taken into account (see the screenshot). If peak 1 is higher than peak 2 or peak 3, and at the same time the macd value is lower, then a
The indicator displays renko bars on a chart and uses them to create ZigZag indicator - trend lines connecting local price movement Highs and Lows. The indicator, in turn, is used to create AB=CD displaying potential price reversal points. 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 time
The indicator calculates and displays renko bars using MA and PSAR data as well as provides buy/sell signals. 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 signal forms when PSAR readings are moving down, MA is moving up, the price is closing ab
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Artiom Timofeev
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Artiom Timofeev 2016.10.30 08:04 
 

Перерисовывется так чтобы на истории все было красиво. Выкинул 12 баксов.

Upd:

Индикатор не верно рисует кирпичи ренко, автор отказался исправлять.

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Version 1.6 2021.11.18
Обновление под новый билд
Version 1.4 2016.11.16
Reduced requirements for the amount of history data for testing.
Version 1.3 2016.11.10
1. M1 quotes are used for initial indicator drawing.
2. If CountBars is set to 0, the number of displayed renko bars is set to a double width of the current chart.
3. A slow moving average has been added. A buy signal is formed when the slow MA is below the inddle line of the PriceChannel, when above - a sell signal is formed.
Version 1.1 2016.10.24
Fixed minor bugs in signal display.