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
Live Renko Charts for MetaTrader 4
KT Renko Live Chart builds a live Renko chart in MetaTrader 4 from the symbol you attach it to. The bricks are written to an offline chart that updates with new ticks and accepts custom indicators and Expert Advisors.
Setup
- Attach the utility to a chart of the symbol you want to convert and keep that chart open. An M1 chart gives the most detailed history.
- Open the Renko chart through File, Open Offline and select the symbol with your Offline Time-Frame, for example EURUSD,M2.
- To run an Expert Advisor on the Renko chart, open the chart properties (F8) and untick Offline Chart so the EA receives new ticks.
Settings
- Renko Box Size in Pips: the brick size. On 5 digit quotes and 3 digit JPY quotes, one pip equals ten points.
- Offline Time-Frame for Renko Chart: the period of the offline Renko chart, 2 by default. Standard periods such as M1 or M5 are not used.
- Show Wicks: shows or hides the Renko wicks.
- Limit Bars: limits how many bars of the source chart are converted, which lowers the load on the terminal. 0 converts all available bars.
- Debugging: writes setup messages to the Experts log when something needs checking.
Custom indicators can be attached to the Renko chart like to any other chart.

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