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Renko bars builder

FREE

Published: 12 August 2021

Current version: 1.1

Renko bars builder

Name: Renko bars builder
Rating: 4.2 (5 reviews)
Author: Navdeep Singh

4.2

Indicators
Navdeep Singh
Navdeep Singh
India

42343
4.9 (334)
The momentum of money is always more potent than the gravity of logic
Free or paid, All tools are coded with intention to help traders
My tools:-

28 products 8 codes 8 topics 194 comments
Version: 1.1
Updated: 16 August 2021

The indicator builds a Renko chart in the sub window for the current symbol. The bars are formed from live data and the desired bar size can be set in the inputs tab.

Most importantly, because the Renko chart only uses price to construct bars and ignores time, the indicator can be applied to any time frame and same results can be achieved.

Recommended usage

As Renko charts are famous for eliminating noise so traders can use this tool to see clear picture of the trend to help their analysis, entries & exits.

Parameters

Bar length in points
Bullish bar color
Bearish bar color
Bar width

more...

8349

Francisco Rayol 2023.10.11 19:44 #

Great indicator!

350

zofesu 2023.04.04 22:35 #

Excellent plugin for removing noise, it's a bit of a shame that after turning off MT4 and turning it on again, the data disappears and I have to wait for the new current data to be loaded. I haven't found any better option yet, that's why 5 stars

166

Wojciech 2021.10.29 08:02 #

You did a really great job. Perfect indicator, easy to install, works flawlessly. Thank you.

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Market structures, Market balance, Range breakouts This tools helps to identify areas of market ranges, structures and plots colored boxes on breakout of those areas. User is given the option to receive alerts and notifications on the formation of the blocks. The tool has the ability to become an essential part of a technical trading system or even pure price action trading. Usage:- An essential tool for price action or technical traders. More information in the blog

30 USD

Horizontal volume bars, Cluster analysis, Volume profile Volume in Range gets information about the accumulated volume in a specified vertical range and period in bars. The received data is then plotted on the chart as rectangular boxes with the volume quantity inside. Usage:- The tool acts as a support resistance levels but most importantly it should be used to check in which direction the price breaks out of the significant levels formed by this indicator and then actions to be taken on correc

30 USD

This utility is specifically designed for No Nonsense Forex traders. What it does:- Let traders add or remove symbols to trade Editable boxes in panel for updating inputs Automatically applies money management to the trades Places all orders with a single click How it calculates:- Two trades are opened per symbol By default max risk per trade is 1% By default total risk is 6% which can changed in inputs tab(recommended to keep it 6 or below) On addition of symbols the total risk will be divide

30 USD

Price breakouts, Levels, Multi-time frame Inside bars checks for price failure to break from the previous high/low and on breakout draws a breakout box on the chart. The choice of breakout price is given to the user i.e. close or high/low of bar. Alerts can be received on breakouts. Features:- Multi-time frame Alerts, notifications & emails Usage:- Breakout signals Check how price action is evolving with the help of boxes Get multi-time frame bias

30 USD

Market Fractal Analysis, Fractal Swing, Market Flow Fractal Cycles looks for Similar Patterns in the Market that repeat themselves because of the Market Fractal Nature. These patterns are displayed with help of Graphical Objects and Alerts can be received on their arrival. Read the Blog for full information. Features:- Auto Detection of Patterns Customization for Color and Line Styles Alerts, Emails & Push Notifications

30 USD

50+ Candlestick Patterns, Simulated Trading Results, Top Five Performers Candle Analysis extends Candlesticks Pattern Analysis by not only identifying Patterns but also recording the Past Performance of the Patterns. What it Does:- Identifies and plots results on chart Displays Top Patterns for both Bullish and Bearish type. Log can be printed in experts tab to see Simulated Trading results Displays All or Selected Patterns Alerts on Pattern formation More detailed information in Blog

30 USD

The indicator is designed to detect range market or consolidation areas on the chart. It does this by using the market volatility and price momentum. The indicator signals the start and stop of the range with icons on the chart and various type of alerts options provided in the input settings. Usage: The indicator can be used to check the state of the market i.e. trending or ranging to make appropriate decision and use strategies designed for specific market state. Please see the attached video

30 USD

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Print2D 2025.03.20 20:40 #

Terrible. I don't have bars.

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Reply from developer Navdeep Singh 2025.03.21 02:55 #

You should have read the description before downloading this free indicator "The bars are formed from live data and the desired bar size can be set in the inputs tab." It clearly states that bar are from "live data" when "input bar size" is formed

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Francisco Rayol 2023.10.11 19:44 #

Great indicator!

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zofesu 2023.04.04 22:35 #

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Reply from developer Navdeep Singh 2023.04.08 07:08 #

MT4 doesn't store tick data so the indicator resets whenever it is reinitialized due to any reason. There are some possible ways to store data and avoid that is some cases, if got time will see what can be done in future.

thaibreaker535 2022.06.24 05:16 #

Terrible indicator, constantly freezes my computer.

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Reply from developer Navdeep Singh 2022.06.24 05:47 #

Are you sure it is this indicator that freezes your PC.

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John Winsome Munar 2022.06.14 14:38 #

User didn't leave any comment to the rating

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Wojciech 2021.10.29 08:02 #

You did a really great job. Perfect indicator, easy to install, works flawlessly. Thank you.

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marek1952 2021.08.20 08:31 #

super indicaror for scalping

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lywer 2021.08.15 19:16 #

very good indicator.but it does not work.i can see dhe indicator sometimes only for a very short period of time.most of the time i see only the vertical lines.

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Reply from developer Navdeep Singh 2021.08.16 17:54 #

How is it very good and doesn't work at the same time. Please explain.
Share a screenshot if possible so i can rectify it.
Edit:- Try the new version. Display issue fixed.