Market / MetaTrader 5 / Indicators /

Hyper Renko

FREE

Published: 23 July 2020

Current version: 1.1

Hyper Renko

3.75

Indicators
Rodrigo Matheus da Silva
Rodrigo Matheus da Silva
Trader Robot Developer at São Paulo

Brazil

40174
4 (78)
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🤖 Trader Robot Developer
🤑 Trader
👨🏼‍🎓 IT, Marketing and Business Management at USP
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4 products 3 topics 3 comments
Version: 1.1
Updated: 26 July 2020

Renko is a timeless chart, that is, it does not take into account the time period, but the price change, which makes the price change on the chart clearer.

Hyper Renko is the indicator that provides this.

To configure, you only have one parameter, the size of the candle in the tick * you want to use.

* tick: is the smallest possible variation of an asset.

Thank you for choosing a Hyper Trader indicator.

Wikipedia:

A renko chart indicates minimal variation in the value of a variable - for example the price of a financial asset - over time. The graph advances in time only when the value being considered (e.g. the price) varies by a certain minimum quantity. For example, on a renko chart that considers a R $ 1 change in the price of an asset, a new "brick" is drawn only when that change occurs, up or down - regardless of how long it took for the variation to occur and the volume that was traded. Thus, if plotted with time on the horizontal axis and the price variation on the vertical axis, all "bricks" have the same height (same price variation), and the spacing between them, despite being visually the same, represents varying amounts of time.

more...

196

KATTY2010 2022.07.12 02:51 #

muy buena

940

284954 2021.03.01 06:11 #

Excelente, muito bom.

143

fkaiser 2021.03.25 22:34 #

хороший

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Filter:

1241

Robert Jenkins 2022.08.22 22:44 #

Very disappointed :( ... Not a true Renko ... The Renko day is the same length as an OHLC day ... when Renko does not take time into consideration

196

KATTY2010 2022.07.12 02:51 #

muy buena

AltosT 2021.07.18 05:48 #

Works nicely but not for my purpose - I want Renko in the main window

143

fkaiser 2021.03.25 22:34 #

хороший

940

284954 2021.03.01 06:11 #

Excelente, muito bom.

4107

Aleksandr Tamonin 2021.01.24 10:35 #

User didn't leave any comment to the rating

Leo Coelho 2020.12.04 16:47 #

User didn't leave any comment to the rating

Hyper Renko

Rodrigo Matheus da Silva