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Renko Charting for MT5

Renko indicator helps develop Renko charts on different symbols.


Advantages

  • Drag and drop the indicator on M1 timeframe of the symbol chart
  • Realtime updates
  • Indicator can be used for Expert Advisors and technical analysis
  • Backtest your strategy using Renko indicator


Parameters

  • BOX SIZE: Input the number of box size. The box size reflects the difference of the symbol price. So, a 50 box size would reflect a 5 pip value difference in a currency pair symbol
  • Show Wicks: If true, high or low of the bricks will also be shown.


How to use

  • Attach the indicator to a chart (timeframe M1) to create the Renko chart
  • Input box size to select the difference you want to use
  • Use Renko chart on M1 timeframe only.
  • Please go through the screenshots to understand the steps

Details on benefits of renko charting, indicators and EAs are provided in the Comments section.

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