Market / MetaTrader 5 / Utilities /

RENKO Reversal

FREE

Published: 19 October 2021

Current version: 1.0

RENKO Reversal

Name: RENKO Reversal
Rating: 5 (3 reviews)
Author: Anton Polkovnikov

Utilities
Anton Polkovnikov
Anton Polkovnikov
Russia

6198
MOEX intraday trader.

Developing scripts for MT5.

I'm on Telegram: @stockgambler
My Telegram group: https://t.me/stockgamblers
Version: 1.0

RENKO Reversal by StockGamblers

Actually working RENKO in MT5. Uses "custom symbols" for drawing. You can apply any indicators with complete peace of mind. The movement of the last price is displayed in real during the formation of the "brick". Put the script in the MQL5/Experts folder. More precisely: C:\Users\user\AppData\Roaming\MetaQuotes\Terminal\terminal_number\MQL5\Experts

Settings:

ValuePerBar - height of the "brick" in points
revCandle - multiplier for the height of the turning "brick". I.e. if the first value is 10 points and the multiplier is 3, then the turning "brick" will be 30 points high.

Important!

Before using, make sure that the broker supplies "trading ticks" to the terminal. Go to "Symbols", select the instrument of interest and go to the "Ticks" tab. Next, select the type of ticks "Last/Volume" and press the "Request" button. As a result, you should get a list of trading ticks with the price and volume. If a broker does not supply such tick data, the script will not work. Before closing MT5 it is recommended to close the custom symbol tab with RENKO.

more...

Mchurine 2025.09.14 14:34 #

Работает отлично, аналогов не нашел, нигде не поддерживается, очень выручил автор индикатора!!!

915

Gianny Alexander Lugo Sanchez 2023.07.01 15:47 #

I really like the indicator, I want to buy the seconds charts, but I don't know if it will work on my chart, could you give me a demo test to try it and be able to buy it?

Igor Tereshin 2021.10.30 23:46 #

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Non-lagging VOLATILITY indicator A radical modification of the ATR indicator, which corrected all of its shortcomings (the picture shows the difference with ATR). The indicator shows the swing size of the current market movement. Features: does not have a time window period, i.e. any subjective settings non-delayed, the extremums of the indicator always coincide with the extremum of the price (note the picture) is normalized by means of a color solution, i.e. it has the properties of an oscillat

50 USD

MultiVWAP A radical reworking of the well-known VWAP, which is in fact a completely new unique tool. It gives you the opportunity to put 5 types of different VWAPs on the chart: Volume - standard VWAP calculated based on volume No volume - no volume in calculations, which allows using the indicator on the charts, for which the broker does not supply volumetric data Volatility - new development, the calculation is based on unsteady volatility Buyer - VWAP calculation is based on current market bu

80 USD

Seconds time frame In MT5 there are no second charts by default. Many of the presented options for creating such do not work fully - errors with extrema, inability to use indicators, etc. I present you a fully working variant. The script works as an Expert Advisor by creating a custom symbol. To work, the script is placed on the M1 chart of the instrument of interest, after which the window of the custom symbol will open automatically. The settings are minimal and intuitive - the timeframe inter

30 USD

Auto Point of Control Indicator for those who use the Market/Volume Profile in their trading, who are familiar with the concepts of POC and VAH/VAL. I often noticed that it is inconvenient to change the zone of POC level calculation. Also it is not always convenient to use periodic areas, such as Day, Hour, etc. So I decided to develop a fully automated POC, where the zones change each other through the algorithm in the script. How to use POC - everyone decides for himself. They can be stop-loss

100 USD

Cumulative delta indicator As most traders believe, the price moves under the pressure of market buying or selling. When someone redeems an offer standing in the cup, the deal is a "buy". If someone pours into the bid standing in the cup - the deal goes with the direction of "sale". The delta is the difference between purchases and sales. A cumulative delta - the difference between the cumulative sum of purchases and sales for a certain period of time. It allows you to see who is currently contr

50 USD

PULLBACK HUNTER What is every trader's cherished dream? To see without delay the places where the reversal will happen. This, of course, is from the category of magic, though... nothing is impossible. But for now I've prepared for you an indicator that marks in real time the end of corrections to the current movement or in short - catches pullbacks.What is the main point? Many people practice rebounds when the price moves in the direction of the open position. And they do them on the formation o

100 USD

LEVELS (extremes, stops, takeprofits) The indicator visualizes the levels of recent price extremes. Such values are searched for by means of an internal algorithm. It does not redraw. It is used to change stop order placement levels (done manually by the user, the indicator only visualizes the level). It can also be used for taking partial profits at opposite levels of the movement. The indicator will allow you to take most of the strong movements. You don't have to worry about exiting a positi

60 USD

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Mchurine 2025.09.14 14:34 #

Работает отлично, аналогов не нашел, нигде не поддерживается, очень выручил автор индикатора!!!

170

Nicholas Wayne Vanwagoner 2025.04.09 23:56 #

User didn't leave any comment to the rating

940

284954 2024.10.30 00:09 #

User didn't leave any comment to the rating

alexandrpr 2024.02.10 02:50 #

User didn't leave any comment to the rating

6198

Reply from developer Anton Polkovnikov 2024.02.10 09:15 #

Кто брокер?

915

Gianny Alexander Lugo Sanchez 2023.07.01 15:47 #

I really like the indicator, I want to buy the seconds charts, but I don't know if it will work on my chart, could you give me a demo test to try it and be able to buy it?

Carlos_Maia 2022.09.11 17:38 #

Não funcionou no gráfico.

6198

Reply from developer Anton Polkovnikov 2022.09.14 09:05 #

¿Su corredor emite los ticks necesarios para que el script funcione?

maxi21 2022.07.08 20:19 #

не работает

qadexys 2021.11.03 11:56 #

User didn't leave any comment to the rating

Igor Tereshin 2021.10.30 23:46 #

Браво!

SibTrading 2021.10.24 11:44 #

User didn't leave any comment to the rating