The Renko MACD indicator is a poweful tool if used with the Renko indicator ( you can find here our Renko Adv product https://www.mql5.com/en/market/product/31606)
The indicator is a full timeless indicator and it can be used for manual trading or for automatized trading with some expert advisor. Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages. In this case the averages are calculated on the renko indicator, so only price levels are considered.
How to use
Demo version will be available in short
Time frame must be low( 1M, 5M or 15M) to have a good representation of historical bars because TF affects hystorical values considering that storical data supplies only OHLC values.
You should find by yourself how to use this indicator in the best way.
I suggest you to use 2 indicators: 1 for short term and the other for long term.
PS: please rate this indicator and leave a comment. Do not forget: your feedbacks are important!
For any question/suggestion do not hesitate to send me an email or message.
Your satisfaction is my satisfaction!!!
Box size (in Pip): the thickness of the renko bar in pips
Calculation Type: how to calculate a new renko bar
FAST Average length: length for the fast moving average
FAST Average type: simple or exponential moving average
SLOW Average length: length for the slow moving average
SLOW Average type: simple or exponential moving average
Alert on new bar: an alert is shown when there is a new bar
Alert on Avg cross: an alert is shown when there is a cross between averages
Optional comment: on push notification to EA(experimental), optional comment is sent
Sync graph with midnight: Renko is not dependent by the time, so if you close the metatrader and open it again in few hours, the graph could be a little different by today. With this feature the graph will start to be drawn by the first candle starting at midnight. For low TF, if nothing is displayed, try to turn off this feature.
Parameter values are good when the delay is not too much and colors are constant (e.g bar color should change less as possible)
Entering on retracement could be dangerous.
The Beast Super Signal Scanner works with the exact same strategies and logic as the Beast Super Signal indicator and is displayed as a simple easy to use Dashboard giving signals for all the pairs on a single chart. The Beast Super Signal Scanner is a simple, and easy to use trend based indicator. It will continuously monitor current price action looking for new trends developing or strong reversals building at extreme price levels, and trends that have reached strong exhaustion levels.
Regent Street, rather than an expert or an indicator, is an all-in-one trading assistant easing your trading sessions by providing signals and notifications. It's an assistant rather than a robot - "an assisted steering rather than an autopilot", and now, it autoadjusts itself to any instrument, any timeframe & any circumstance. Note from the author: Regent Street's frontend is exactly the same as an other product Ermou Street , but the backend is different. Performances for each are very relati
The KARAS AutoRS provides Resistance and Support Levels automatically. You may use it for Breakout Strategy and Canal Strategy. Key Features No Repaint! Resistance and Support Levels are automatically drawn. Available for all TimeFrames. Suitable for Scalpers, Swing Traders, Day Trader, Short Term & Long Term Traders. You may use this indicator for all instruments. My other products are here -----> https://www.mql5.com/en/users/ozkankara27/seller#products KARAS Currency Index MT5 Indicator
Speed of Price Mamdani - this indicator is the latest development in the field of mathematical calculations, using the theory of fuzzy logic to make a decision. The input data is the formula for calculating the rate of change in price, which was previously applied in one of my developments https://www.mql5.com/ru/market/product/24624. The result of this work was the ability to use this product as an independent trading system, with both trend and counter-trend. The indicator has been thoroughly
Multicurrency scalper trading by renko bars . Renko bars are simulated inside the EA allowing for high-quality optimization. Orders are opened in the direction of the last simulated bar. The EA strategy is based on simulating renko bars for defining a trend and its duration. The signal is then sorted by filters. Telegram channel https://t.me/renkoexpert Version for mt4 Advisor works only on the MetaTrader 5 hedge accounts! Parameters Trade Order Type - type of trading orders Marke
It is very easy to use the Fibrillar indicator, since the simplest is to look at the chart and act according to the indications of the colored arrows. The algorithm takes into account the measurement of prices, and this method also focuses on measuring each of the price drops (H / C, H / O, LC, LO) - which gives more detailed information, but also more averaged. When calculating this indicator, logarithmic gains are first calculated at the closing price, which allows you to filter out the tre
Genius Breakout indicator provides Entry Signal, StopLoss and TakeProfit levels by using special breakout pattern. If you like breakout systems, you may use the buy and sell signals for trading. It clearly shows where to Buy or Sell, where to place your StopLoss and TakeProfit levels. Resistance and Support Levels are calculated by special formula. I want your good reviews, please test it for free. I hope you will find it useful in your trading systems. Features Resistance and Support Le
Motivação O indicador técnico de retração Fibonacci para muitos é essencial e a base de todas a previsões dos movimentos do mercado. O nome da ferramenta vem do matemático italiano Leonardo de Pisa (século XIII). Essa versão FULL ira funcionar no Meta Trader em qualquer tipo de conta. Para testar na conta DEMO baixe a versão demo em: https://www.mql5.com/pt/market/product/37855 Funcionamento O Fibo Retração é um indicador automatizado que traça a retração Fibonacci de acordo com os va
This EA is based on the classic donchian channel and can be applied to any instrument. It allows you to work both in breakout and in reversal mode, changing the timeframe and the length of the channel. It also integrates a volatility-based filter derived from the ATR that allows you to isolate the best conditions on the market. Another feature is that it works with market orders only, eliminating the problems related to stop levels of some brokers.
Introduction to Smart Renko The main characteristics of Renko Charting concern price movement. To give you some idea on its working principle, Renko chart is constructed by placing a brick over or below when the price make the movement beyond a predefined range, called brick height. Therefore, naturally one can see clear price movement with less noise than other charting type. Renko charting can provide much clearer trend direction and it helps to identify important support and resistance level
The famous brazilian trader and analyst Didi Aguiar created years ago a study with the crossing of 3 Simple Moving Averages called "Agulhada do Didi", then later was also named Didi Index, as a separate indicator. The period of those SMAs are 3, 8 and 20. As simple as that, this approach and vision bring an easy analysis of market momentum and trend reversal to those traders looking for objective (and visual) information on their charts. Of course, as always, no indicator alone could be used wit
Skiey - Indicator of easy solutions! Using this indicator is very simple, since the simplest is to look at the chart and act according to the color arrows. Such a calculation option takes into account intraday price fluctuations and focuses on measuring the "candlestick" share in the trend. The algorithm takes into account the measurement of prices, this method also emphasizes the measurement of each of the price drops (H / C, H / O, LC, LO) - which gives more detailed information but also mo
LuckyPip All in One indicator is a good solution for easy and fast analysis of a pair. It summarizes everything in only one window. Indicator has 5 different analysis sections. These are Price, High & Low, Trend, Hourly Volatility and Positions. Price Section There are 4 values. Symbol name Current Price Price Daily Change (in Points) Price Daily Change (in Percent) High & Low Section Daily and Monthly High-Low prices are updated in every new price. There are two lines indicating where the
The Glider indicator gives accurate and timely signals to enter and exit the transaction that appear on the current candle. Using the indicator is very simple. When a dot and a blue line appear, open a buy deal. When a dot and a red line appear, open a sell deal. The main purpose of this indicator is to determine the moments of entry and exit from transactions, therefore the Glider indicator will display only the trend line and entry points, i.e. displays displays the entry points to the mark
Elliott Wave Trend was designed for the scientific wave counting based on the template and pattern approach first devised by Young Ho Seo. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score
Indicator is ONLY for Binary Option trading.... Step 1: Download Indicator and Attach to Chart terminal (MT5 only) and Check "Allow modification of signal setting". You could adjust the signal size. Red and Blue How to Prepare: Step 2: Open your Binary Option Trading Account at any broker on a Web Page. Prepare to execute CALL/ HIGH or PUT/ LOW option. step 3: Put your MT5 window and Binary Option Trading Account webpage Side by Side eg. Open EURUSD 1 Minutes, or 5 Minutes Cha
Limitless MT5 is a universal indicator suitable for every beginner and experienced trader. works on all currency pairs, cryptocurrencies, raw stocks Limitless MT5 - already configured and does not require additional configuration And now the main thing Why Limitless MT5? 1 complete lack of redrawing 2 two years of testing by the best specialists in trading 3 the accuracy of correct signals exceeds 80% 4 performed well in trading during news releases Trading rules 1 buy signa
The Renko MACD indicator is a poweful tool if used with the Renko indicator ( you can find here our Renko Adv product https://www.mql5.com/en/market/product/31606 ) The indicator is a full timeless indicator and it can be used for manual trading or for automatized trading with some expert advisor. Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages. In this case the averages are calculated on the renko
Consecutive candles can give us an indication as to the strength of a trend. With this indicator, you can set the number of consecutive bull or bear candles you wish to be present before achieving a valid signal of RSI crossing into overbought or oversold. With this information, you can better judge if a continuation or reversal situation is about to present. RSI has two settable levels Interesting settings: Number of consecutive candles needed before a valid signal Overbought level of RSI Ove
Matreshka self-testing and self-optimizing indicator: 1. Is an interpretation of the Elliott Wave Analysis Theory. 2. Based on the principle of the indicator type ZigZag, and the waves are based on the principle of interpretation of the theory of DeMark. 3. Filters waves in length and height. 4. Draws up to six levels of ZigZag at the same time, tracking waves of different orders. 5. Marks Pulsed and Recoil Waves. 6. Draws arrows to open positions 7. Draws three channels. 8. Notes support and re
Are you addicted to the Renko chart? Yeah, me too! So I decided to develop this chart for the MT5, and here it is! This EA generates perfect Renko chart, however, unlike MT4, you can not operate through it. All indicators work perfectly. Settings: Enable renko - enable the renko chart. This function exists to pass the bureaucratic test here of MQL5. Type - renko in pips, ticks, points or R type. Size - blocks size. Show wicks - show or hide the wicks. Brick open time - hide the gap. Asymmetri
Indicator with 3 features - Clock : Clock independent of the chart, counting continues even when the market is closed. - Template : After setting up a configuration in any graphic, be it color patterns, indicators, zoom ... The configuration will be copied to all active graphics. - TimeFrame : Set the TimeFrame on a chart, and with just one click all the active charts will be changed to the same TimeFrame.
Sensey can recognize candlestick patterns signal accuracy up to 80% he also recognizes the lows and highs of the price for a certain time. Sensey multi-timeframe works on all currency pairs in futures and sulfur as well. cryptocurrency does not redraw the work it can see in the test. there is an alert it is available in the settings. you can enable or disable it depending on how you prefer.
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
Probably almost every trader at least once, but dreamed about non-lagging MAs. I embodied this dream in my indicator. Using this indicator, you can predict future values. But the main application of the indicator is to generate buy and sell signals. Determining the market trend is an important task for traders. The Trendometer indicator implements an advanced algorithm for visualizing the market trend. The main purpose of the indicator is to assess the market. The indicator is designed to ide
Gibrid is an expert of a new generation, which has incorporated the Best development of automated trading in recent years. Designed for trading major currency pairs, it has protection against failures - when reconnecting, the adviser will continue to work with its orders. Fully Automated Advisor. The robot controls the volume of trading positions, slippage, spread, maintains and protects open orders, can work with deposits of any size. The adviser uses a number of unique authoring developments
(FOR MT5) Ultimate Engulfing Scanner Multi Pair And Multi Time Frame : This indicator has been designed to find the strongest engulfing patterns in the forex market. - An engulfing pattern is very simple to trade, without the need for any complicated analysis. - This patterns provides an excellent risk and reward ratio. Because your potential wins will always be considerably larger than your potential losses. And this is CRITICAL to your long term trading success. - You have th
Indicator focusing on the market's ZigZag, also adding 2 other already established indicators: Book of Offers and Balance Aggressor (Time & Trades), this indicator allows to detect the best price trigger (buy or sell) in the aggressions to the Book of Offers including filters important as Aggression in Candle. Recommended use on the Brazilian iBovespa B3, but it also serves in Forex as long as the assets have information from the Book, in the case of Forex it is not possible to use the Aggres
Motivação O indicador técnico de retração Fibonacci para muitos é essencial e a base de todas a previsões dos movimentos do mercado. O nome da ferramenta vem do matemático italiano Leonardo de Pisa (século XIII). Essa versão DEMO ira funcionar no Meta Trader conta Demo e Testador de estrategia. Para adquirir a versão Full que funciona em conta Real clique em: https://www.mql5.com/pt/market/product/38089 Funcionamento O Fibo Retração é um indicador automatizado que traça a retração Fibonac
The Candlestick Patterns indicator for MT5 includes 14 types of candlestick signales in only one indicator. - Long Candles: Often, very long candles are followed by a countermove. - Hammers - Inside candles - Outside candles - Two green or two red consecutive candles - Three green or three red consecutive candles - Range break candles (Fix amount of candles) - Außenstäbe (Range break candles, dynamic amount of candles) The inidcator creats a arrow above or under the signal candle and a little