Velas RENKO

Immediately plots renko bars in an external/indicator window. One of the distinctive advantages Renko charts offer is the fact that they are not time dependent. Therefore, the new Renko blocks are only traced when the price moves higher or lower by the specified number of points. 

For example, a 10 pip (100 points) Renko chart would plot the blocks when price moves 10 pips higher in an uptrend or 10 pips lower in a downtrend.

Renko charts removes "noises" from the Market and it helps to identify easily Supports and Resistances, as well as trend lines.

- The trading system is suitable for experienced traders and beginners.

- The charts can be used for manual trading (short-term or long-term trading), scalping or binaries.


Unique features:

  • Ready to be used in Expert Advisors

  • Simple format settings

  • Its straightforward nature ensures that the most important and clear factors such as support and resistance can be easily established

  • Clears trends easily showed

  • Optimized, high speed: it can be backtested really fast

  • Ready to be used with all renko-box sizes

  • You can choose the point from which the renko bar starts 

  • Sound Alerts if desired

  • No repaintings (in the first initial plot, due Metatrader limitations, we can’t know all ticks from previous history candles. The first initial renko bars will use only the selected timeframe to calculate the important renko bars. Resulting with slight differences between real time renko bars and history renko bars. This will only affect middle renko bars, by merging them, but never important higher or lower bars. For better precision in this initial calculation, you must use 1 min charts.)

How to Use it:

Step 1

.- Attach the indicator and select the settings that works better for you: 

.- Select the size in points of the renko candles/box 

Step 2

.- Identify the supports and resistances or the trend lines to make your trades.

.- Or use it to find price patterns. 


Input Parameters:

  • Box Size (Points): The size of the renko candle in points.
  • Custom Start Point: In case you need to draw the candle from one defined point. For example, if we see one support or resistance at 1.XXXXX we may want to set this specific start point for the candles to be calculated using that reference point.
  • Initial Previous Bars: When the indicator is initially loaded, it will use this amount of bars to calculate the first Renko bars. Reduce the number if you want faster and optimal results for backtesting or Expert Advisors.
  • Color Settings:
    Bull Candle Color
    Bear Candle Color

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FibStrike Rejection is a powerful MT4 indicator designed for traders who want to visualize high-probability buy and sell zones using Fibonacci retracements combined with wick rejection signals . The indicator automatically identifies recent high and low swings based on a customizable lookback period and draws Fibonacci levels from 100% to 40% . Buy and sell zones are highlighted within these levels. In addition, the indicator detects wick rejection candles at both the Fibonacci zones and the cur
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Andrey Kozak
5 (3)
Indicators
Scalping Points Pro is an indicator that shows possible price reversal points on the chart and does not redraw its signals. Also, the indicator sends signals to the trader via Email and Push. The accuracy of the signals of this indicator is approximately 92-94% on the M5 timeframe and more than 95% on the H1 timeframe. Thus, this indicator allows the trader to accurately open trades and predict further price movement. The indicator does not redraw its signals.  The indicator works on timeframe
Artemis Sub Window Reversal System
Godwin Edward Enyali
Indicators
ARTEMIS SUB WINDOW REVERSAL SYSTEM The ARTEMIS Sub Window Reversal System is a powerful, non-repainting Forex indicator designed to identify high-probability reversal trades using a combination of Smart Money Concepts and stochastic momentum analysis. Built for traders who want precision entries, this indicator combines liquidity sweep detection, market structure shifts, and momentum confirmation into one clean and professional trading tool. WHY THIS INDICATOR STANDS OUT Most indicators generate
Currency Strength Matrix
Raymond Gilmour
4.5 (26)
Indicators
THE ONLY CURRENCY STRENGTH INDICATOR BUILT ON PRICE ACTION Most currency strength meters average an oscillator, or measure how far price has travelled. But these are not accurate measures of trend, Currency Strength Matrix measures trend strength, not just if a currency price has gone up or down. Currency Strength Matrix reads market structure . For each of the 28 major pairs it finds the confirmed cycle highs and lows, and decides whether that pair is in an uptrend, a downtrend, or neither. A
ORB Opening Range Breakout MT4
Robby Suhendrawan
4.5 (2)
Indicators
Master the Market Open with the Ultimate Opening Range Breakout (ORB) Indicator for MT4! The Opening Range Breakout (ORB) is one of the most powerful and time-tested day trading strategies used by professional traders worldwide. This indicator completely automates the process of identifying, mapping, and tracking the opening ranges for the three major forex sessions (Asian, London, and New York), giving you a massive edge in catching explosive daily moves. For Free EA ORB Download Here: https://
Harmonic Pattern Plus MT4
Young Ho Seo
4.44 (18)
Indicators
Introduction Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality
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Do you need precision? Tick charts show each change in the ask or bid; The chart updates whenever either price changes. Study the markets more deeply, with surgical precision. Tick Chart Window saves all the received ticks and shows them into a seperate window. Get the best entry price in the Market.               trade with precision trade good  Spread Register In the comment section you will see the highest spread, the lowest spread and the average spread since the indicator was loaded.
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Automatically scans the chart to find Harmonic Patterns, and give you the chance to enter early in good operations. Also if selected, it will alert you in advance when future patterns appears, showing you a projection of a posible future pattern. The main goal  for this algorithm is to determine with high precision the moment when a trend ends and a new one begins. Giving  you the best price within a reversal.   We have added the "Golden Trade", we define it as the perfect order: For those orde
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After working during many months, with the help of Neural Networks, we have perfected the ultimate tool you are going to need for identifying key price levels (Supports and Resistances) and Supply and Demand zones. Perfectly suitable to trigger your trades, set up your future actions, decide your Take Profit and Stop Loss levels, and confirm the market direction. Price will always move between those levels, bouncing or breaking; from one zone to another, all the remaining movements are just mark
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This indicator is created by using an exclusive algorithm to indicate you Buy or Sell in an accurate way all the possibles reversals within a normalized trending bands. The main goal for this algorithm is to achieve fast profitable movements and aggressive retracement. Thanks to the normalized bands, using the noises of the market. We have added the "Golden Trade", we define it as the perfect order:   For those orders that had the perfect entry price. They were always in profit, or the final pr
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Automatically scans the chart to find Harmonic Patterns, and give you the chance to enter early in good operations. Also if selected, it will alert you in advance when future patterns appears, showing you a projection of a posible future pattern. The main goal  for this algorithm is to determine with high precision the moment when a trend ends and a new one begins. Giving  you the best price within a reversal.   We have added the "Golden Trade", we define it as the perfect order:   For those ord
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After working during many months, with the help of Neural Networks, we have perfected the ultimate tool you are going to need for identifying key price levels (Supports and Resistances) and Supply and Demand zones. Perfectly suitable to trigger your trades, set up your future actions, decide your Take Profit and Stop Loss levels, and confirm the market direction. Price will always move between those levels, bouncing or breaking; from one zone to another, all the remaining movements are just mark
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