RenkoVPEurUsd
- Indicadores
- Kourosh Hossein Davallou
- Versión: 1.0
📌 RenkoVP for MetaTrader 4 (EURUSD Only)
RenkoVP is a powerful, fully online Renko-based indicator designed specifically for analyzing the EURUSD currency pair. Unlike traditional Renko tools, RenkoVP does not require offline charts and offers a clean, structure-focused view of price action. It combines Renko bricks with advanced analytical tools such as volume profile, dynamic Fibonacci levels, interactive trend lines, and automatic pattern recognition—making it a complete solution for technical traders.
📦 Renko Bricks – Flexible Configuration
-
Runs directly on the main chart—no offline setup required
-
Manual mode: define brick size in pips or dollars
-
Auto mode: brick size adjusts dynamically based on ATR and selected timeframe
-
Timeframe selection is available via a dedicated button in the indicator menu
-
⚠️ This version is limited to EURUSD only
📈 Interactive Trend Line – Define Your Analysis Range
-
Press the Trend button to draw a white line from the highest to lowest visible price
-
The line is fully movable—drag it anywhere on the chart to define your custom range
-
Activating the trend line unlocks two additional tools: Volume Profile and Fibonacci
📊 Volume Profile – Renko-Based Volume Analysis
-
Press the Volume button to display the volume profile for the selected range
-
Volume is calculated based on Renko structure—not time-based candles
-
Key volume levels displayed:
-
POC (Point of Control)
-
VAH / VAL (Value Area High / Low)
-
FVL / RVL (First / Recent Volume Levels)
-
HVL / LVL (High / Low Volume Zones)
-
DVL (Dynamic Volume Level)
-
TVL (Total Volume in selected range)
-
These levels help identify hidden support/resistance zones and volume concentration areas.
📐 Dynamic Fibonacci – Auto-Drawn & Editable
-
Press the Fibo button to draw Fibonacci retracement levels based on the trend line
-
All levels are fully editable—adjust percentages and styling to match your strategy
-
Ideal for identifying reversal zones and continuation setups within Renko structure
🔄 Zigzag & Pattern Recognition – Automated Structure Analysis
-
Press the Zigzag button to activate Renko-based zigzag lines
-
Use the + / – buttons to dynamically adjust zigzag sensitivity
-
As zigzag updates, RenkoVP automatically detects and displays price patterns:
Recognized Patterns:
-
Classic: Triangle, Wedge, Flag
-
Harmonic: Bat, Butterfly, Shark, Cypher, Gartley, Crab
These patterns are drawn directly on the chart, giving traders instant visual cues for potential setups.
✅ Why Choose RenkoVP for EURUSD?
-
Fully online – no need for offline charts
-
Tailored specifically for EURUSD
-
Combines Renko clarity with advanced structure analysis tools
-
Interactive volume and Fibonacci tools for deeper insight
-
Automatic detection of classic and harmonic patterns
-
Ideal for structure-based traders and technical analysts
-
⚠️ Demo version works only on EURUSD
📈 Interactive Trend Line – Define Your Analysis Range
-
Press the Trend button to draw a white line from the highest to lowest visible price
-
The line is fully movable with your mouse—place it anywhere on the chart
-
Activating the line unlocks two additional tools: Volume and Fibo
📊 Volume Profile – Renko-Based Volume Analysis
-
Press the Volume button to display the volume profile for the selected range
-
Volume is calculated based on Renko structure—not time-based candles
-
Key volume levels shown:
-
POC (Point of Control)
-
VAH / VAL (Value Area High / Low)
-
FVL / RVL (First / Recent Volume Levels)
-
HVL / LVL (High / Low Volume Zones)
-
DVL (Dynamic Volume Level)
-
TVL (Total Volume in selected range)
-
📐 Dynamic Fibonacci – Auto-Drawn & Editable
-
Press the Fibo button to draw Fibonacci retracement levels based on the trend line
-
All levels are fully editable—adjust percentages and appearance to match your strategy
-
Ideal for identifying reversal zones and continuation setups within Renko structure
🔄 Zigzag & Pattern Recognition – Automated Structure Analysis
-
Press the Zigzag button to activate Renko-based zigzag lines
-
Use the + / – buttons to adjust zigzag sensitivity dynamically
-
As zigzag updates, RenkoVP automatically detects and displays price patterns:
Recognized Patterns:
-
Classic: Triangle, Wedge, Flag
-
Harmonic: Bat, Butterfly, Shark, Cypher, Gartley, Crab
✅ What Makes RenkoVP Demo Unique?
-
Fully online – no offline chart required
-
Core features of RenkoVP available for testing
-
Designed exclusively for EURUSD
-
Ideal for structure-based traders looking to explore RenkoVP’s capabilities