KT Renko Live Chart MT4
- Utilities
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KEENBASE SOFTWARE SOLUTIONS
Keenbase Trading develops professional MetaTrader 4 and MetaTrader 5 indicators and Expert Advisors designed to help traders make more informed trading decisions. - Version: 1.1
- Activations: 10
A live Renko chart in MetaTrader 4 that your indicators and Expert Advisors can run on. KT Renko Live Chart MT4 is a utility EA that feeds an offline Renko chart with new bricks in real time, so it moves and refreshes like any normal chart.
Most Renko indicators only paint bricks over a time chart, and nothing else in MetaTrader can read them. This utility gives you a real Renko chart instead: attach it to EURUSD, open EURUSD,M2 from File, Open Offline, and the bricks are there, printing live.
What it changes for you
- Run any indicator on Renko: moving averages, oscillators, templates and your own custom indicators work on the bricks without any change.
- Let your EA work on Renko: an Expert Advisor attached to the Renko chart receives every new brick, the same way it would on a normal chart.
- The real symbol name: the Renko chart is called EURUSD, not a renamed copy of the symbol.
- Your brick size: 10 pips by default, any whole number of pips you choose.
- Wicks when you want them: turn wicks on to see how far price pushed against each brick before the brick closed.
- Your choice of offline timeframe: M2 by default, so the standard timeframes of the symbol stay free.
- Light on older computers: Limit Bars creates the history from only the most recent bars.
How to set it up
- Attach KT Renko Live Chart MT4 to a chart of the symbol you want.
- Set the box size in pips and press OK.
- Open the Renko chart from File, Open Offline, and choose the symbol with M2 (or the offline timeframe you set). Keep the source chart open, and the Renko chart keeps receiving new bricks.
- To run an Expert Advisor on the Renko chart, open the chart properties (F8) and untick Offline Chart, so the EA receives every new brick.
Recommendations
- Forex: a box of 10 to 20 pips suits most major pairs and crosses.
- Pair two box sizes of one symbol: run a second copy on another chart of the same symbol with a larger box and another offline timeframe. The large box follows the trend and the small box times your entries.
- Leave Limit Bars at 0 on a normal computer; set it only when the history takes a long time to load.
Input parameters
- Renko Box Size in Pips (default 10): the height of one brick in pips.
- Offline Time-Frame for Renko Chart (default 2): the offline chart that holds the Renko bricks, M2 by default.
- Show Wicks (default false): adds wicks to the bricks.
- Limit Bars (0==OFF) (default 0): uses only the most recent bars for the history.
- Debugging (default false): writes setup messages to the Experts tab.
Stop looking at Renko, start working with it
A Renko indicator is enough when you only want to look at bricks. When you want Renko bricks that your indicators and your Expert Advisors can use in MetaTrader 4, KT Renko Live Chart MT4 gives you that chart in a few clicks.

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