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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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This indicator will detect harmonic patterns that are drawn on the chart by manual and automatic methods. You can see user manual from this link: Notes Indicator has control panel and it will save every (chart & timeframe) settings. You can minimize it to have more space on chart and you can press close button to hide all indicator data on chart if you prefer to work with other analysis tools  When you use this indicator and change the settings, add indicators like Moving Average or Bollinger
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The indicator displays ZigZag lines from a higher timeframe (see the example in the screenshot). The red thin line is the current timeframe's ZigZag, while a thicker yellow line is the higher timeframe's one. The indicator is repainted as the data is updated. Parameters Depth, Dev, Back - ZigZag parameters; BarsCount - amount of processed bars (reduces the initial download time and decreases the load when using in an EA); TimeFrame - indicator timeframe (cannot be lower than the current one).
RenkoMaSignals
Sergey Deev
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The indicator displays Renko bars on the chart, plots two moving averages by them and generates buy/sell signals based on the conditions displayed in the screenshots and described below: the buy signal is formed if the fast moving average is above the slow moving average, from 4 to 10 consecutive bullish Renko bars are displayed, followed by no more than 2 bearish and one bullish Renko bars; the sell signal is formed if the fast moving average is below the slow moving average, from 4 to 10 conse
RenkoMacdSignals
Sergey Deev
1 (1)
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
Sergey Deev
1 (1)
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
RenkoBandMacd
Sergey Deev
1 (1)
The indicator displays Renko bars on the chart, uses their data to calculate and display the Bollinger Bands, MACD oscillator and generates buy/sell signals. Renko is a non-trivial price display method, in which a bar within a time interval is shown on the chart only if the price has moved a certain number of points. Renko bars do not depend on a time interval, therefore the indicator works on any timeframe without losing its efficiency. When attached to a chart, the indicator checks for presenc
The indicator displays Renko bars on the chart, plots a channel based on that data and generates buy/sell signals. Renko is a non-trivial price display method, in which a bar within a time interval is shown on the chart only if the price has moved a certain number of points. Renko bars do not depend on a time interval, therefore the indicator works on any timeframe without losing its efficiency. The channel is defined as the upper and lower boundaries of the price movement over the specified per
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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.

Reply to review
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.