Renko Price Action ATR
- Utilities
-
JETINVEST
Roberto Junqueira, is Trader for over 20 years and has been developing indicators and trading experts for more than 10 years for the Forex, Cryptocurrencies and Stock Exchanges markets. - Version: 1.30
- Updated: 19 May 2021
- Activations: 5
Renko Price Action ATR builds a Renko chart in which the size of each brick is calculated from the ATR of the period you select.
Renko charts filter out small price movements, so trends, supports and resistances, and top and bottom divergences are easier to see.
Operation
- Works with any symbol.
- The Renko chart is updated in real time.
Settings
ATR Calculation Timeframe: timeframe used to calculate the ATR and the brick size.
ATR Calculation Averaging Period: number of periods of the ATR average.
Percentage of ATR Size: percentage of the calculated ATR used as the brick size.
Because the brick size follows the ATR, the chart adapts to the volatility of each symbol without manual settings.
If you have questions, please send me a direct message: https://www.mql5.com/en/users/robsjunqueira/

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