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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RelicusRoad Pro: Quantitative Market Operating System 70% OFF LIFETIME ACCESS (LIMITED TIME) - JOIN 2,000+ TRADERS Why do most traders fail even with "perfect" indicators? Because they trade Single Concepts in a vacuum. A signal without context is a gamble. To win consistently, you need CONFLUENCE . RelicusRoad Pro is not a simple arrow indicator. It is a complete Quantitative Market Ecosystem . It maps the "Fair Value Road" price travels on, distinguishing between random noise and true structur
Hydra Trend Rider MT5
INTRAQUOTES
Indicators
Hydra Trend Rider is a non-repainting, multi-timeframe trend indicator that delivers precise buy/sell signals and real-time alerts for high-probability trade setups. With its color-coded trend line, customizable dashboard, and mobile notifications, it's perfect for traders seeking clarity, confidence, and consistency in trend trading. Setup & Guide:  Download  MT4 Version here. To learn how to use the Indicator: Indicator Manual & Guide -   Read Here Follow our MQL5 channel for daily market ins
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RSI Divergence F
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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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A professional tool for trading - the divergence indicator between the AO 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 AO 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 part
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AO Core
Andrey Dik
3.67 (3)
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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
MT5 OptiBooster
Andrey Dik
Utilities
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
211
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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