Renko Box

5

Description.

The basis for the formation of the Renko chart is the price range. If the price goes beyond its limits, the chart shows a box above or below the previous one. As a result, we see price movement without additional "noise" and important support and resistance levels.

Features.

  • For use in conjunction with the Expert Advisor, an additional buffer is implemented-a box counter.
  • For convenience and to increase the speed of testing, the user can use the "new box" event, which the indicator generates when a new box appears.
  • You can set the size of the "reversal" box.
  • The indicator will always be built the same regardless of the testing start point.
  • There is no "redrawing". Once there, boxing will not change anymore.
  • It will be drawn the same regardless of where it is launched from.

Input parameters:

RenkoBoxSize    = 20;  //Box size

ReversBcnt      = 2;   //Box's for reverse

RenkoBoxDrawCNT = 100; //Box's for draw

Price           = bid; //bid, ask, (ask+bid)/2

RenkoBoxEventId = 123; //Box's event


Reviews 2
EZFYP
50
EZFYP 2024.06.02 00:45 
 

very easy and quick to use. overall it's FREE

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ATy Gold and BTC  Join my MQL5 channel to update the latest news from me.  My community of over 80,000 members on MQL5 ATbot : How It Works and How to Use It How It Works The "AtBot" indicator for the MT5 platform generates buy and sell signals using a combination of technical analysis tools. It integrates Simple Moving Average (SMA), Exponential Moving Average (EMA), and the Average True Range (ATR) index to identify trading opportunities. Additionally, it can utilize Heikin Ashi candles to en
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BTMM State Engine Pro is a MetaTrader 5 indicator for traders who use the Beat The Market Maker approach: Asian session context, kill zone timing, level progression, peak formation detection, and a multi-pair scanner from a single chart. It combines cycle state logic with a built-in scanner dashboard so you do not need the same tool on many charts at once. What it does Draws the Asian session range; session times can follow broker server offset or be set in inputs. Tracks level progression (L
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A professional tool for trading - the divergence indicator between the RSI and the price, which allows you to receive a signal about a trend reversal in a timely manner or catch price pullback movements (depending on the settings). The indicator settings allow you to adjust the strength of the divergence due to the angle of the RSI peaks and the percentage change in price, which makes it possible to fine-tune the signal strength. The indicator code is optimized and is tested very quickly as par
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AO Core is the core of the optimization algorithm, it is a library built on the author's HMA (hybrid metaheuristic algorithm) algorithm. Pay attention to the MT5 Optimization Booster product , which makes it very easy to manage the regular MT5 optimizer . An example of using AO Core is described in the article: https://www.mql5.com/ru/articles/14183 https://www.mql5.com/en/blogs/post/756510 This hybrid algorithm is based on a genetic algorithm and contains the best qualities and properties of p
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Dear traders and investors! We present to you the MT5 Optimization Booster – an innovative product that will revolutionize your optimization experience on MetaTrader 5! The MT5 Optimization Booster is based on the innovative Quantum Swap Protocol (QSP) algorithm – a unique proprietary optimization strategy that forms the core of the product and elevates the process of finding optimal solutions to a new level. After the purchase , be sure to contact me . The product is designed to enhance the ca
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Lifegoodqwe
212
Lifegoodqwe 2026.04.06 09:38 
 

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EZFYP
50
EZFYP 2024.06.02 00:45 
 

very easy and quick to use. overall it's FREE

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