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Renko chart generator

Professional renko charting on a custom symbol chart

  • accurate pricing to the tick 
  • accurate timeline (no future date projections)
  • every renko variation in a single package
  • very responsive charts


An Expert Advisor (EA) used to create custom Renko charts and provide real-time updates. This is an MT4 "offline" chart equivalent which is very simple to use. All historical renkos are constructed using real tick data from the broker's server.

You can attach any MT5 compatible indicator or template to the renko chart and perform your technical analysis.

The EA enables creating custom live charts resembling Median Renko, Mean Renko, Turbo Renko, and Better Renko candles as well as Vanilla Renko and Renko with wicks, PointO charts and many more such as UniRenko (search google for UniRenko to UltimateRenko settings converter).


The settings include

  • Bars size (in points) - Defines the size of the candle body (value denoted in points).
  • Presets (sets 3 values below): Presets for creating several commonly utilized charting types: Renko / Median Renko / PointO / Turbo Renko / Hybrid Renko
  • Open offset % (0 to ..) - offsets the new trending bar's open value back by % or the defined candle body size (see screenshot)
  • Reversal Open offset % (0 to ..) - offsets the new reversal bar's open value back by % or the defined candle body size (see screenshot)
  • Reversal bar size % (0 to ..) - sets the size of the reversal bar as a  % or the defined candle body size (see screenshot)
  • Show wicks (yes/no) - Candlewick visibility setting.
  • Show history for a number of days (0 to...)
  • ATR based bar size calculation (yes/no) - Automatic calculation of the candle body size defined by the reading of the ATR indicator calculation on the daily chart.
  • ATR period (1 to...) - ATR indicator's period setting.
  • Use a percentage of daily ATR (1 to 100) - The percentage of the calculated value to use.
  • Apply offset to first Renko (yes/no) - Setting used to synchronize the open of the first renko candle based on the offset parameter (below)
  • Offset value (0 to 100)
  • Synchronize first bar's open on a new day (yes/no) - Synchronize the first candle's open price with the open price of the daily candle.
  • Override default custom chart name with (chart name)
  • Apply template to custom chart - (the user-defined template that will be applied to the renko chart. If you have a "default" template saved, this will be applied by default).


Reviews 6
John Estrada
68
John Estrada 2020.11.17 13:31 
 

Works as described with great support from dev

Henrique Sameshima De Souza
164
Henrique Sameshima De Souza 2020.03.16 20:56 
 

It works very well, great JOB.

eliseexige
421
eliseexige 2020.09.23 16:18 
 

after multiple attempts during live markets, this is just like the rest of Artur's products. It will freeze, it will refresh the data and screw up custom indicators, and it will cost you because of it. I'd give this a 0 or negative star rating if it were possible. AVOID if you are a serious trader and need stability in fast markets, because you won't get it here. EDIT 2: Artur is working with me on all products to solve issues and I have adjusted the feedback accordingly.

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This Copier allows you to copy trades between Metatrader terminals even when they are installed on separate computers.  Having both MT4 and MT5 versions of the Copier makes it possible to send trades from MT4 to MT5 and vice versa. Demo version:  https://www.mql5.com/en/market/product/39290 MT4 version:  https://www.mql5.com/en/market/product/19928 Only Hedging Accounts are supported! Netting Accounts are not! Features Fast execution (~1 sec,  depending on location/broker) Automatic symbol pre
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WaltSoft Trade Manager MT5
WaltSoft Trade Manager MT5
WaltSoft
Manage Your Risk Automatically Calculate the Lot Size for a given Percent Risk  and place the order with Stop Loss and Take Profit with one single click of a button. Drag and position your Stop Loss and Take Profit before placing the actual order. Can close positions with one click of a button. Can lock in profit of your trades with a Set Break Even function and/or a Trailing Stop Loss. Can work with Market Orders, Instant Orders, Pending Stop Orders and Pending Limit Orders. Works on any instru
99 USD
CME Exchange margin zones
CME Exchange margin zones
Roman Vasilchenko
The utility is designed to display on the chart the margin zones built on the basis of margin requirements for futures of the Chicago Mercantile exchange (CME). These margin zones are good levels of resistance and support, as seen in the screenshots. How to use To trade on margin zones, use the following rules: buy after the day has closed above one of the zones to the next zone; sell after the day has closed below one of the zones to the next zone; after opening a sell trade, place limit sell
50 USD
Auto Trade Copier for MT5
Auto Trade Copier for MT5
Vu Trung Kien
Auto Trade Copier MT5 is designed to copy trades between multiple MT4/MT5 accounts/terminals with 100% accuracy. The provider and receiver accounts must be on the same PC/VPS. With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay. This version can be used on MT5 accounts only. For MT4 accounts, you must use Auto Trade Copier. Demo: Demo version for testing can be downloaded at: htt
79 USD
TradePanel MT5
TradePanel MT5
Alfiya Fazylova
Attention, do not miss the moment! From 08/05/2021 to 10/05/2021  we reduce the price of the "Trade Panel" by 20%! Trade Panel is a professional tool for manual trading. Allows you to work with orders and positions in one click, making your trading fast and comfortable. When opening an order, it simplifies the setting of stop loss and take profit, as well as automatically calculates the lot according to the specified risk and stop loss size. In addition, the utility can work with virtual orde
50 USD
Exp COPYLOT CLIENT for MT5
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/po
49 USD
Easy Trade Manager MT5
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
LT Trade Copy MT5
LT Trade Copy MT5
Thiago Duarte
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
Trading Chaos Expert
Trading Chaos Expert
Gennadiy Stanilevych
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs. Interacting with additional signal indicators that mark the chart to give a real mark
995 USD
Crypto Charts
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
IShift Lite
IShift Lite
Yury Kulikov
IShift Lite is utility for trading directly from the depth of market. IShift Lite allows: perform trade operations directly from the DoM with a "single touch"; easily move your orders in the DoM: automatically place Stop Loss and Take Profit; Place limit order as Take Profit; move position to breakeven; automatically move Stop Loss along the price; calculate the volume of an order depending on a fixed risk level or a fixed margin level. IShift Lite is primarily intended for high-speed and visual
55 USD
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Trading panel with risk management
Trading panel with risk management
Artur Zas
Robust trading panel for use on any symbol (including RangeBars or Renko custom symbols). The tool can be placed anywhere on the chart and offers the following array of features: One-click instant order entry. Pending order entry using horizontal lines on the chart Pending order entry using keys in Entry price (E/P) and optional Stop Loss (S/L) and/or Take Profit (T/P) A choice between fixed trading volume or risk-based volume calculation based on the available account equity, entry price, and t
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Tick chart generator
Tick chart generator
Artur Zas
A utility used to create custom Tick or Volume bar charts and provide real-time updates. This is an MT4 "offline" chart equivalent which is very simple to use. You can attach any MT5 compatible indicator or template to the tick chart and perform your technical analysis. Tick charts measure the number of transactions per bar. You can choose any number of ticks per bar but most traders choose Fibonacci numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233...). The generator uses tick data to plot
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RangeBars offline chart generator
RangeBars offline chart generator
Artur Zas
Professional range bar charting on a custom symbol chart accurate pricing to the tick  accurate timeline (no future date projections) very responsive charts An Expert Advisor (EA) is used to create a RangeBar custom chart and provide real-time updates. It is an MT4 "offline" range bars chart equivalent. The simplicity of use - Attach the EA to any time-based chart that you wish to see Range Bars for, input your desired parameters and you are ready to go! You can attach any MT5 compatible indicat
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Ultimate Renko
Ultimate Renko
Artur Zas
Ultimate Renko is a full implementation of a robust Renko style charting solution for MetaTrader 4. It enables creating custom live charts resembling Median Renko , Mean Renko , Turbo Renko , and Better Renko candles as well as Vanilla Renko and Renko with wicks , PointO charts and many more. This all in one package provides all of the signals needed by day traders, scalpers and even long-term traders. You can apply all of the standard and custom indicators and technical studies as well as templ
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Range Bars
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Artur Zas
The robust charting solution that enables creating custom live range bar charts on the MetaTrader 4 trading platform. You can apply all of the standard and custom indicators and technical studies directly to the range bar charts and you can run EAs directly on these charts as well* (for details see text below the input summary). To create a range bar chart you need to attach the Range Bar indicator to a standard time frame (1 minute is recommended) and use the indicator's settings to generate a
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Median and Turbo renko indicator bundle
Median and Turbo renko indicator bundle
Artur Zas
Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus Point-O charts. This all in one package provides all of the signals needed by day traders, scalpers, and even long-term traders. Main characteristics The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement
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X Tick Chart
X Tick Chart
Artur Zas
The indicator combines the features of both the Tick charts and Volume Bar charts. The mode can be selected in the indicator's settings. Tick charts measure the number of transactions per bar. To give you an example if you have a 233 tick chart, each bar measures 233 transactions per bar and a new bar is plotted after 233 transactions. You can choose any number of ticks per bar but most traders choose Fibonacci numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233...). Volume bar charts are desi
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Range Bars Charting
Range Bars Charting
Artur Zas
Range Bars for MetaTrader 5 is a unique tool for conducting technical analysis directly on the charts, as the indicator is an overlay on the main chart and range bars are calculated using real tick data. The trader can place and modify orders directly on the range bar chart (even with the use of one-click trading). Apart from range candles, the indicator also includes the most commonly used technical studies which are 3 moving averages (Simple, Exponential, Smooth, Linear-weighted, Volume-weight
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Seconds timeframe chart
Seconds timeframe chart
Artur Zas
Create and trade timeframes in seconds. The bar time duration is freely adjustable from 1 second and up. The chart is accurately constructed using real ticks from the broker's server. Main characteristics The indicator is an overlay on the main chart, making it possible to utilize one-click trading and on-chart order manipulation. History calculated using real tick data. Built-in technical studies: 4 moving averages (Simple, Exponential, Smooth, Linear-weighted, Volume-weighted using tick or rea
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Countdown timer for Tick and Volume charts
Countdown timer for Tick and Volume charts
Artur Zas
A countdown timer for the  Volume bar chart generator  and  Tick chart generator  products, which are available for download from the MQL5 Market: Tick chart generator: https://www.mql5.com/en/market/product/29215 Volume bar chart generator: https://www.mql5.com/en/market/product/47197 The counter conveniently displays the number of ticks or transactions (depending on the chart) that need to pass for a new bar to start printing. The user can set the following indicator inputs. Volume type
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Choppy Market Index indicator
Choppy Market Index indicator
Artur Zas
CMI - Profiting from trending and ranging markets. The CMI indicator is a two-part system used to trigger both trend and counter-trend trades, that has been introduced by Daniel Fernandez in an article published in Currency Trading Magazine (August 2011 issue). It is a simple, yet effective indicator, which gauges whether the market has behaved in a choppy (non-directional) manner or trending (directional) manner. CMI calculates the difference between the most recent bar's close and the close n
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Scalper Signal Indicator
Scalper Signal Indicator
Artur Zas
Scalper Signal indicator for MetaTrader 4 is a visual way to help determine whether to buy or sell against a pivot level (it does not repaint). The painted bars mark a "pivot high" or "pivot low". This is done after 3 higher closes or 3 lower closes. Red arrows above the bar mark a continuing downtrend confirmation while the Green arrows below the bar mark a continuing uptrend confirmation. The faster the timeframe, the faster the confirmation, because the indicator measures price action when yo
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Extreme Volume Indicator
Extreme Volume Indicator
Artur Zas
The extreme volume indicator helps identify turning points in the market by pinpointing spots of higher than average volume. Such points usually indicate the start of a trend or a turning point in the market. The indicator averages out volume readings over an extended period of time and calculates a volume threshold level. When this level is breached, it identifies the most likely trend direction using the trend of the candle that breached the volume threshold. The direction indicator (red or gr
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Trend Scalper Candles
Trend Scalper Candles
Artur Zas
The trend scalper candles are used to identify short-term trends based on the readings of the MACD, RSI and ATR indicators. All indicator calculations are visualized by candle colors which are overlapped on the chart. The indicator uses gray , green and red colors to paint individual candles, which gives you a lot of useful and easy to read information. Gray candles Gray candles indicate a range bound period and the information can be used to trade breakouts. Simply mark the high and low of th
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Line Break chart generator
Line Break chart generator
Artur Zas
The professional line break chart generator is used to create live line break charts (i.e. 3 line break ). The chart is plotted using MT4's offline charging facility thus making it possible to trade* directly from the chart as well as attach any of the standard or custom indicators to perform technical analysis. The line break chart can be displayed as the most widely used 3 line break chart or a custom variation such as 2 or 5 line break chart . Wicks can be displayed or hidden on the chart - t
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Line break chart PRO
Line break chart PRO
Artur Zas
A professional line break chart which is displayed directly in the chart window thus making it possible to trade directly from the MetaTrader 5 charts. The line break chart can be displayed as the most widely used 3 line break chart or a custom variation such as 2 or 5 line break chart . Wicks can be displayed or hidden on the chart - they give a lot of additional information regarding the underlying price action. The indicator's settings include: Line break number - determines the number of lin
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Volume bar chart generator
Volume bar chart generator
Artur Zas
A utility for creating tick charts and volume bar charts with real-time updates. This is an MT4 "offline" chart equivalent, which is very simple to use. You can attach any MT5 compatible indicator or template to the tick chart and perform your technical analysis using various objects like trend lines. A volume-based chart mainly designed for use with exchange-traded instruments  (futures, stocks, etc.). Real volume data is needed for the volume chart to display. If no "real volume" data is pres
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Trade Tracker for Custom Symbols
Trade Tracker for Custom Symbols
Artur Zas
The Trade Tracker Library is used to automatically detect and display trade levels on custom charts. It is an especially useful add-on for EAs that trade on custom charts in MT5. With the use of this library, the EA users can see trades as they are placed via the EA (Entry, SL & TP levels) in real-time. The header file and two examples of EA skeleton files are attached in the comments section (first comment). The library will automatically detect the tradable symbol for the following custom
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Filter:
eliseexige
421
eliseexige 2020.09.23 16:18 
 

after multiple attempts during live markets, this is just like the rest of Artur's products. It will freeze, it will refresh the data and screw up custom indicators, and it will cost you because of it. I'd give this a 0 or negative star rating if it were possible. AVOID if you are a serious trader and need stability in fast markets, because you won't get it here. EDIT 2: Artur is working with me on all products to solve issues and I have adjusted the feedback accordingly.

stevefer50
19
stevefer50 2020.12.13 17:45 
 

I cannot trade on the charts that I have it loaded on. Can't open one click trading or use the right click to trade. Guess I will have to figure this out.

John Estrada
68
John Estrada 2020.11.17 13:31 
 

Works as described with great support from dev

robertos1976
34
robertos1976 2020.09.26 09:04 
 

User didn't leave any comment to the rating

Henrique Sameshima De Souza
164
Henrique Sameshima De Souza 2020.03.16 20:56 
 

It works very well, great JOB.

niel phan
35
niel phan 2020.05.21 01:10 
 

The indicators that plotted on the renko chart kept turning on and off likes Christmas light. Hope for a FIX so I can rate truly this potential great indicator.

Reply to review
Version 2.6 2021.04.28
Optimization
Version 2.5 2021.04.08
Compatibility fixes for long symbol names
Rearranged EA setings into groups
Version 2.3 2020.06.30
Added input for toggling ON/OFF faster chart refresh parameter;
Added option for building a renko chart for backtesting purposes only.
Version 2.2 2020.06.16
Recompiled for better compatibility with the latest MT5 builds
Version 2.1 2020.03.17
Fixed missing bars on rapid price spikes
Chart refresh rate improvement on extremely fast-moving charts (very small renko boxes).
Version 2.0 2020.03.10
Renko body size is now denoted in "ticks"
Updated the tick data engine
Changed time resolution to "seconds" (improves timescale resolution)
Numerous bug fixes
Version 1.23 2019.06.05
Fixed compatibility issue with the latest MT5 build
Version 1.22 2019.04.23
Bug fix + stability improvements
Version 1.21 2019.04.11
Bug fix and code cleanup
Version 1.20 2019.04.05
Bug fix + optimization
Version 1.19 2019.04.04
Reverted back to v1.16/1.17 due to bug in 1.18
Version 1.18 2019.03.27
Bug fixes and code maintenance
Version 1.17 2018.12.19
Bug fix & maintenance update
Version 1.16 2018.12.13
Added: Presets for the most common chart types (Renko, Median Renko, PointO, etc…)
Breaking change: Retracement factor & Symmetry toggle settings have been replaced with:
Open offset % (0 to ..)
Reversal Open offset % (0 to ..)
Reversal bar size % (0 to ..)
Version 1.15 2018.11.22
Maintenance release
Version 1.12 2018.07.09
Added "Apply template to custom chart" setting
Bug fixes
Version 1.11 2018.06.28
Bugfix: Fixed problem with BM&FBovespa
Version 1.10 2018.05.24
Added option to override the default custom chart name with a user-defined value