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RenkoCharts

This non-trading expert utilizes so called custom symbols feature (available in MQL as well) to build renko charts based on historical quotes of selected standard symbol and to refresh renko in real-time according to new ticks. Also, it translates real ticks to the renko charts, which allows other EAs and indicators to trade and analyze renko.

Place RenkoCharts on a chart of a work instrument. The lesser timeframe of the source chart is, the more precise resulting renko chart is, but the lesser number of boxes will be generated. This is so because available history is limited by the constant Max bars in chart in the terminal settings. Hence, the same number of bars covers on, e.g. M1 chart 60 times shorter period than on H1 chart. The larger the source timeframe is, the deeper history is used for renko generation, but the lesser quality it has. This reduced accuracy of renko affects only regions, generated from history, but all live changes of quotes (provided RenkoCharts is running) generate absolutely accurate boxes - even more accurate than generated from M1 history.

The generated renko chart uses M1 timeframe. The start time of a "minute" bar corresponds to the start time of renko box. The end time of a such "minute" bar is dummy (MetaTrader does not allow for bars with different timespan), instead you should look at start time of the next "minute" bar. It makes no sense to switch the renko chart to a timeframe other than M1.

After its placement on a source chart, RenkoCharts starts to generate missing renko bars for a custom symbol and shows a comment like this:

Processing bar: i / N

where i - number of a current bar being processed on the source timeframe (the numbering goes from maximum to 0), and N - total number of the bars.

When the process is finished, the comment reads like this:

RenkoChart (100pt): open EURUSD_M1_renko / 10000 bars

where 100pt is the renkobox size in points, EURUSD_M1_renko is the custom symbol name (for both see description below), and 10 000 is a total number of generated boxes (if the EA is running the very first time, this is an actual number of renko bars, but if it continues from some previous results, for example, after the terminal restarts, the number of new boxes can be a few, because only most recent, missing boxes are generated).

RenkoCharts opens one renko chart for you, but you can open more.

RenkoCharts generates custom symbol quotes, thus you may open many charts with it and apply different trading EAs and indicators. It makes no sense to run multiple RenkoCharts with the same work symbol/timeframe/renkobox size. It is not allowed to run multiple RenkoCharts with the same custom symbol name.

Due to technical limitations in MetaTrader 5, renko charts can demonstrate strange behavior under some circumstances. You may find details in the Comments section.

RenkoCharts utility does not work in the tester, use demo version for trials.


Parameters

  • RenkoBoxSize - renkobox size in points, by default - 100;
  • ShowWicks - enable/disable wicks on renko, by default - true;
  • EmulateOnLineChart - enable/disable ticks emulation on the renko chart, by default - true; it allows other EAs to trade online from the renko chart;
  • OutputSymbolName - name of the custom symbol for renko, by default - empty string - then the name is formed as "Symbol_Period_Type_Size", where Symbol - current work symbol, Period - current timeframe, Type - "r" (renko) if wicks are enabled or "b" (brick) if disabled, Size - RenkoBoxSize; example: "EURUSD_M15_r100";
  • Reset - an option to enforce complete recalculation of entire renko chart, by default - false; after it is set to true and calculations are completed, it is recommended to reset it back to false in order to eliminate excessive recalculations on every terminal restart; this mode is helpful in rare cases, when generated renko chart contains an error for some reason; normally the option is disabled, because the EA continues calculation smartly from the most recent existing box;
  • Throttle - minimal period in seconds between ticks (by default - 0, throttling is disabled);
  • CloseTimeMode - when true, boxes are shown and formed at M1 close time; in this mode only 1 tick is generated per box, when box is added completely formed to a chart; by default - false, i.e. boxes are created at M1 open time.
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Trade Copy is an EA-shaped tool that replicates the trades done on a Meta Trader 5 to all Meta Traders 5 opened on same computer. Is useful if you want to trade more than once account yours or if you want to work with third party account management. Demo version:  https://www.mql5.com/pt/market/product/40906 MT4 version:  https://www.mql5.com/pt/market/product/40902/ Configurations: MAIN OPTIONS Idiom - change to English or Portuguese. Copy trades from - specify if the trades will be copied fro
50 USD
PZ Trade Manager Pro MT5
Arturo Lopez Perez
This is a visual trade panel that helps you to place and manage trades easily, avoiding human errors and enhancing your trading activity. It combines an easy to use visual interface with a sound risk and position management approach. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to use Trade easily from the chart Trade with precise risk management, hassle free Capital preservation is top priority Let profits run without your attention Enjoy risk-free
99 USD
ClusterSecondForex
Rafil Nurmukhametov
The utility allows you to build different types of graphs: Seconds chart from 1 second to 86400 seconds Tick chart from 1 tick and above The volume chart Delta chart Renko chart Range chart Built-in indicators for volumetric analysis: daily market profile and market profile of the selected timeframe, Cluster Search Imbalance VWAP Dynamic POC, VAH, VAL the profile depth of the market vertical volume with various display options, delta with various display options, pole of the current and higher t
55 USD
LookToTheFutureSMA
Vladimir Komov
This analyzer EA will be useful for traders that utilize the crossovers of the moving averages, as it evaluates probabilities, levels and time left until the intersection of the simple moving averages (SMA). It calculates the following values for the specified interval in the future fast and slow moving averages crossing signal probabilities , i.e. the probabilities of the first two buy/sell signals probabilities of the relative position of the instrument price and moving averages at the end of
50 USD
Exp COPYLOT CLIENT for MT5
Vladislav Andruschenko
Trade copier for MT5 is a trade copier for the МetaТrader 5 platform . It copies forex trades  between   any accounts   MT5 → MT5, MT4 → MT5 for the COPYLOT MT5 version (or MT4 → MT4 MT5 → MT4 for the COPYLOT MT4 version)     Reliable copier!  You can also copy trades in the МТ4 terminal ( МТ4 → МТ4, МТ5 → МТ4 ):     COPYLOT CLIENT for MT4 You can try DEMO VERSION of COPYLOT CLIENT MT5 This version Including between terminals  МТ5 → МТ5, МТ4 → МТ5 . The deals copier is created to copy deals/posi
50 USD
Crypto Charts
Romeu Bertho
Cryptocurrency analysis has never been easier with Crypto Charts for MetaTrader 5. Just pick up a chart from bitcoin to exotic coins, choose your desired time frame and attach all your favorites indicators from thousands ones available at MQL5. Chart from Binance Futures,   Poloniex ,  Bitfinex ,  Binance ,  BitMEX ,  Bittrex ,   BitMEX Testnet exchanges! Make better analysis, make better tradings! Do you want to auto trade on BitMEX exchange? Please take a look at BitMEX Trading API Crypto Char
65 USD
FiboPlusWaves MT5
Sergey Malysh
FiboPlusWave Series products Ready-made trading system based on Elliott waves and Fibonacci retracement levels . It is simple and affordable. Display of the marking of Elliott waves (main or alternative option) on the chart. Construction of horizontal levels, support and resistance lines, a channel. Superposition of Fibonacci levels on waves 1, 3, 5, A Alert system (on-screen, E-Mail, Push notifications).    Features: without delving into the Elliott wave theory, you can immediately open one of
50 USD
MultiCharts Symbols Changer MT5
Fabrizio Malavasi
This is an  essential  tool. You keep under control   the nine major  time frames of forex pairs, crypto, indeces, metals and securities as stocks and bonds. This utility can also compare simultaneously time frames of different instruments. The MULTICHARTS TIME FRAMES CHANGER   is designed to  compare  simultaneously  up to thirty time frames  of different symbols with the  keyboard or the buttons.  It is possible to link from 2 up to 30 charts so that you can control thirty financial instrum
77 USD
Easy Trade Manager MT5
Anoop Sivasankaran
Thank you users for all your great reviews for the MT4 version - 2021 Version updated ! Enter the Risked Amount or Lot size or % of Balance (New!) Drag the RED line on the chart to fix the Stop-Loss. Drag Blue line (New!) for Limit/Stop orders automatically ! Adjust TP1, TP2 and TP3 lines You are ready to Buy/Sell > Adjust the lines even after the trade Reviews - https://tinyurl.com/etmreviews Check the user video -  https://tinyurl.com/etmmt4ea Automatic Breakeven TP1/2 | Book Part/Partial P
50 USD
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CCFpExtra
Stanislav Korotky
CCFpExtra is an extended version of the classic cluster indicator - CCFp. This is the MT4 version of indicator  CCFpExt available for MT5. Despite the fact that MT5 version was published first, it is MT4 version which was initially developed and tested, long before MT4 market was launched. Main Features Arbitrary groups of tickers or currencies are supported: can be Forex, CFDs, futures, spot, indices; Time alignment of bars for different symbols with proper handling of possibly missing bars, in
49 USD
CCFpExtraSuperMulti
Stanislav Korotky
This indicator is based on multiple instances of CCFpExtra cluster indicator and provides super position of their results. The indicator creates a set of CCFpExtra instances with carefully selected periods and combines their results using smart weighting and normalization algorithms. No more worries about settings to choose for cluster analysis, no more false signals. And it inherits all advantages of CCFpExtra : arbitrary groups of tickers or currencies, time alignment of bars for different sym
75 USD
TrueVolumeSurrogate MT5
Stanislav Korotky
This indicator provides a true volume surrogate based on tick volumes. It uses a specific formula for calculation of a near to real estimation of trade volumes distribution , which may be very handy for instruments where only tick volumes are available. Please note that absolute values of the indicator do not correspond to any real volumes data, but the distribution itself, including overall shape and behavior, is similar to real volumes' shape and behavior of related instruments (for example, c
30 USD
AutomaticZigZag
Stanislav Korotky
This is a non-parametric ZigZag providing 4 different methods of calculation. Upward edge continues on new bars while their `highs` are above highest `low` among previous bars, downward edge continues on next bars while their `lows` are below lowest `high` among previous; Gann swing: upward edge continues while `highs` and `lows` are higher than on the left adjacent bar, downward edge continues while `highs` and `lows` are lower than on the left adjacent bar. Inside bars (with lower `high` and
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CustomVolumeDelta
Stanislav Korotky
This indicator displays volume delta (of either tick volume or real volume) encoded in a custom symbol, generated by special expert advisers, such as RenkoFromRealTicks . MetaTrader does not allow negative values in the volumes, this is why we need to encode deltas in a special way, and then use CustomVolumeDelta indicator to decode and display the deltas. This indicator is applicable only for custom instruments generated in appropriate way (with signed volumes encoded). It makes no sense to ap
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RenkoFromRealTicks DEMO
Stanislav Korotky
This non-trading expert utilizes so called   custom symbols   feature to build renko charts based on history of real ticks of selected standard symbol. RenkoFromRealTicks generates custom symbol quotes, thus you may open many charts to apply different EAs and indicators to the renko. It also transmits real ticks to update renko charts in real time. This is a functionally limited demo version of  RenkoFromRealTicks . RenkoFromRealTicks utility can not work in the tester because it uses CustomSym
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RenkoChartsDemo
Stanislav Korotky
This is a demo version of a non-trading expert , which utilizes so called the custom symbols feature ( available in MQL as well ) to build renko charts based on historical quotes of selected standard symbol and to refresh renko in real-time according to new ticks. Also it translates real ticks to the renko charts, which allows other EAs and indicators to trade and analyze renko. Place the EA on a chart of a working instrument. The lesser timeframe of the source chart is, the more precise resulti
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HZZM
Stanislav Korotky
This is an adaptive ZigZag based on modification of  HZZ indicator (original source code is available in this article ). Most important changes in this version: two additional indicator buffers added for zigzag evolution monitoring - they show cross signs at points where zigzag direction first changes; zigzag range (H) autodetection on day by day basis; time-dependent adjustment of zigzag range. Parameters: H - zigzag range in points; this parameter is similar to original HZZ, but it can take 0
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WalkForwardDemo MT5
Stanislav Korotky
WalkForwardDemo is an expert adviser (EA) demonstrating how the built-in library WalkForwardOptimizer (WFO) for walk-forward optimization works. It allows you to easily optimize, view and analyze your EA performance and robustness in unknown trading conditions of future. You may find more details about walk-forward optimization in Wikipedia . Once you have performed optimization using WFO, the library generates special global variables (saved in an "archived" file with GVF-extension) and a CSV-f
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OrderBook Recorder
Stanislav Korotky
Order Book, known also as Market Book, market depth, Level 2, - is a dynamically updated table with current volumes of orders to buy and to sell specific financial instument at price levels near Bid and Ask. MetaTrader 5 provides the means for receiving market book from your broker in real time. The expert OrderBook Recorder records market book changes and stores them in local files for further usage in indicators and expert adviser, including testing in the tester. The expert stores market book
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OrderBook History Playback
Stanislav Korotky
Order Book, known also as Market Book, market depth, Level 2, - is a dynamically updated table with current volumes of orders to buy and to sell specific financial instument at price levels near Bid and Ask. MetaTrader 5 provides the means for receiving market book from your broker, but in real time only, without access to its history. This expert adviser OrderBook History Playback allows you to playback the market book events on the history using files, created by OrderBook Recorder . The exper
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OrderBook Utilities
Stanislav Korotky
OrderBook Utilities is a script, which performs several service operations on order book hob-files, created by OrderBook Recorder . The script processes a file for work symbol of the current chart. The file date is selected by means of the input parameter CustomDate (if it's filled in) or by the point where the script is dropped on the chart. Depending from the operation, useful information is written into the log, and optionally new file is created. The operation is selected by the input parame
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PriceProbabilityDemo
Stanislav Korotky
This is a demo version of PriceProbability indicator. It works on EURCHF only. This is an easy to use signal indicator which shows and alerts probability measures for buys and sells in near future. It is based on statistical data gathered on existing history and takes into account all observed price changes versus corresponding bar intervals in the past. The statistical calculations use the same matrix as another related indicator - PointsVsBars. Once the indicator is placed on a chart, it shows
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WalkForwardBuilder MT5
Stanislav Korotky
This script allows performing a walk-forward analysis of trading experts based on the data collected by the WalkForwardLight MT5 library. The script builds a cluster walk forward report and rolling walk forward reports that refine it, in the form of a single HTML page. This script is optional, as the library automatically generates the report immediate after the optimization in the tester is complete. However, the script is convenient because it allows using the same collected data to rebuild th
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CCFpExtraDemo
Stanislav Korotky
CCFpExtra is an extended version of the classic cluster indicator CCFp for multicurrency market analysis. The main features are: Arbitrary groups of tickers or currencies are supported: Forex, CFDs, futures, spot, indices; Time alignment of bars for different symbols with proper handling of possibly missing bars, including cases when tickers have different trading schedule; Using up to 30 instruments for market calculation (only the first 8 ones are displayed). This is a demo-version. Limitation
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Mirror
Stanislav Korotky
This indicator predicts rate changes based on the chart display principle. It uses the idea that the price fluctuations consist of "action" and "reaction" phases, and the "reaction" is comparable and similar to the "action", so mirroring can be used to predict it. The indicator has three parameters: predict - the number of bars for prediction (24 by default); depth - the number of past bars that will be used as mirror points; for all depth mirroring points an MA is calculated and drawn on the ch
12.50 USD
ExtraMajorLevelExtremums
Stanislav Korotky
If you like trading crosses (such as AUDJPY, CADJPY, EURCHF, and similar), you should take into account what happens with major currencies (especially, USD and EUR) against the work pair: for example, while trading AUDJPY, important levels from AUDUSD and USDJPY may have an implicit effect. This indicator allows you to view hidden levels, calculated from the major rates. It finds nearest extremums in major quotes for specified history depth, which most likely form resistence or support levels, a
10 USD
EvoLevels
Stanislav Korotky
The indicator displays most prominent price levels and their changes in history. It dynamically detects regions where price movements form attractors and shows up to 8 of them. The attractors can serve as resistance or support levels and outer bounds for rates. Parameters: WindowSize - number of bars in the sliding window which is used for detection of attractors; default is 100; MaxBar - number of bars to process (for performance optimization); default is 1000; when the indicator is called from
20 USD
ExtraMovingPivots
Stanislav Korotky
This is an intraday indicator that uses conventional formulae for daily and weekly levels of pivot, resistance and support, but updates them dynamically bar by bar. It answers the question how pivot levels would behave if every bar were considered as the last bar of a day. At every point in time, it takes N latest bars into consideration, where N is either the number of bars in a day (round the clock, i.e. in 24h) or the number of bars in a week - for daily and weekly levels correspondingly. So,
10 USD
ResistanceAndSupportDensityFunction
Stanislav Korotky
Most of traders use resistance and support levels for trading, and many people draw these levels as lines that go through extremums on a chart. When someone does this manually, he normally does this his own way, and every trader finds different lines as important. How can one be sure that his vision is correct? This indicator helps to solve this problem. It builds a complete set of virtual lines of resistance and support around current price and calculates density function for spatial distributi
15 USD
ExtraMajorMultiChannels
Stanislav Korotky
The indicator draws a histogram of important levels for several major currencies attached to the current cross rates. It is intended for using on charts of crosses. It displays a histogram calculated from levels of nearest extremums of related major currencies. For example, hidden levels for AUDJPY can be detected by analyzing extremums of AUD and JPY rates against USD, EUR, GBP, and CHF. All instruments built from these currencies must be available on the client. This is an extended version of
12.50 USD
StatBars
Stanislav Korotky
The indicator provides a statistic histogram of estimated price movements for intraday bars. It builds a histogram of average price movements for every intraday bar in history, separately for each day of week. Bars with movements above standard deviation or with higher percentage of buys than sells, or vice versa, can be used as direct trading signals. The indicator looks up current symbol history and sums up returns on every single intraday bar on a specific day of week. For example, if current
15 USD
PointsVsBars
Stanislav Korotky
This indicator provides a statistical analysis of price changes (in points) versus time delta (in bars). It calculates a matrix of full statistics about price changes during different time periods, and displays either distribution of returns in points for requested bar delta, or distribution of time deltas in bars for requested return. Please, note, that the indicator values are always a number of times corresponding price change vs bar delta occurred in history. Parameters: HistoryDepth - numbe
10 USD
PriceProbability
Stanislav Korotky
This is an easy to use signal indicator which shows and alerts probability measures for buys and sells in near future. It is based on statistical data gathered on existing history and takes into account all observed price changes versus corresponding bar intervals in the past. The statistical calculations use the same matrix as another related indicator - PointsVsBars. Once the indicator is placed on a chart, it shows 2 labels with current estimation of signal probability and alerts when signal
75 USD
Year2Year
Stanislav Korotky
This indicator shows price changes for the same days in past years. D1 timeframe is required. This is a predictor indicator that finds D1 bars for the same days in past 8 years and shows their relative price changes on the current chart. Parameters: LookForward - number of days (bars) to show "future" price changes; default is 5; Offset - number of days (bars) to shift back in history; default is 0; ShowAverage - mode switch; true - show mean value for all 8 years and deviation bounds; false - s
12.50 USD
PriceProbabilities
Stanislav Korotky
This is a signal indicator for automatic trading which shows probability measures for buys and sells for each bar. It is based on statistical data gathered on existing history and takes into account all observed price changes versus corresponding bar intervals in the past. The core of the indicator is the same as in PriceProbablility indicator intended for manual trading. Unlike PriceProbability this indicator should be called from MQL4 Expert Advisors or used for history visual analysis. The in
75 USD
FreqoMeterForecast
Stanislav Korotky
The main idea of this indicator is rates analysis and prediction by Fourier transform. Indicator decomposes exchange rates into main harmonics and calculates their product in future. You may use the indicator as a standalone product, but for better prediction accuracy there is another related indicator - FreqoMaster - which uses FreqoMeterForecast as a backend engine and combines several instances of FreqoMeterForecast for different frequency bands. Parameters: iPeriod - number of bars in the ma
12.50 USD
FreqoMaster
Stanislav Korotky
The main idea of this indicator is rates analysis and prediction by Fourier transform. The indicator decomposes exchange rates into main harmonics and calculates their product in future. The indicator shows 2 price marks in history, depicting price range in the past, and 2 price marks in future with price movement forecast. Buy or sell decision and take profit size are displayed in a text label in the indicator window. The indicator uses another indicator as an engine for calculations - FreqoMet
75 USD
InstantTrueRange
Stanislav Korotky
This is an impulse detector that uses a measure of instant changes in rates of all major currencies. It calculates change in value (point value multiplied by point delta) on every bar for several crosses with major currencies. This forms a kind of "complete circle" of the Forex market. Then this general change is compared to a change of current instrument or a list of selected instruments, and alarm is fired if their difference is over a threshold. The indicator is somewhat similar to AverageTru
11.95 USD
ReturnAutoScale
Stanislav Korotky
The indicator calculates running total of linear weighted returns. It transforms rates into integrated and difference-stationary time series with distinctive buy and sell zones. Buy zones are shown in blue, sell zones in red. Parameters: period - number of bars to use for linear weighted calculation; default value - 96; smoothing - period for EMA; default value - 5; mode - an integer value for choosing calculation mode: 0 - long term trading; 1 - medium term trading; 2 - short term trading; defa
10 USD
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Version 1.4 2019.09.13
Minor bugfixes and improvements.
Version 1.3 2018.07.11
Fixed an error leading to propagation of renko boxes.
Version 1.2 2018.06.19
Minor bugfixes and improvements.