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Median and Turbo renko indicator bundle

Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus Point-O charts. This all in one package provides all of the signals needed by day traders, scalpers, and even long-term traders.


Main characteristics

  • The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement is also possible.
  • History calculated using real tick data.
  • Built-in technical studies: 3 moving averages (Simple, Exponential, Smooth, Linear-weighted, Volume-weighted using tick volume or real volume), Bollinger Bands, Donchian channel, Super Trend.
  • Price level indications for current bar close levels, which are conveniently displayed to the right of the current bar.
  • Optional display of monthly, weekly and daily pivot levels.
  • Optional display of daily R1, R2, R3 & S1, S2, S3 resistance & support levels for the current trading day.
  • Optional display of previous day's high, low and close levels.
  • Optional ATR based bar size calculation.
  • Optional first Renko open offset.
  • Audio, Push notifications and text alerts for new bar open events and/or reversals (different audio files can be assigned for bearish and bullish reversals).
  • Convenient display of current bar's open date/time along with bar size and retracement factor information.
  • Color indication of last day's bar for easy history assessment.
  • Color markup of phantom Renko bars (gaps).
  • Each bar has its own info regarding the bar's Open, Low, High, Close values, as well as the Tick Volume, Real Volume (with breakdown of buy/sell volume) and Bar open time for use by EAs (saved as double in indicator's buffer and available via dedicated Data Window).
  • A dedicated data window is displayed when left-clicking a Renko bar while holding down the CTRL key.


Indicator Settings

  • Bars size (in points).
  • Retracement factor (0.01 to 1.00).
  • Asymmetrical reversals (true/false).
  • Show wicks (true/false).
  • ATR based bar size calculation (user editable ATR period and percent of daily ATR value used for bar size calculation).
  • Show history for defined number of days (plus current day).
  • Apply offset to first Renko (plus offset value).
  • Synchronize first bar's open on a new day (true/false).
  • Top/Bottom padding (0.0 - 1.0) - used to set the margins above and below the visible high & low of the visible Renko chart.
  • Show Monthly, Weekly and Daily pivot levels plus Daily R1, R2, R3 & S1, S2, S3 (calculated using Classic or Fibonacci method) as well as previous day's High, Low & Close levels with color definitions.
  • Pivot Point calculation method ( (H+L+C)/3 or (O+H+L+C)/4 ).
  • Show current bar's close projections (true/false) + bullish bar projection color and bearish bar projection color.
  • Display current bar's open time along with bar size and retracement factor (true/false) + Current bar's open time info color.
  • Alert on a new bar (true/false)
  • Alert on reversal bar (true/false)
  • Alert on MA crossover (true/false) - 1st MA (fast) & 2nd MA (slow) need to be enabled for the alert to work
  • Display alert in Alert Window (true/false)
  • Play sound on alert (true/false)
  • Send alert via push notification to a smartphone (true/false)
  • Use sound file for bullish alerts (.wav sound file located in MetaTrader 5 \Sounds folder).
  • Use sound file for bearish alerts (.wav sound file located in MetaTrader 5 \Sounds folder).
  • Settings for first MA - 3rd MA.
  • Show Channel (None, Donchian Channel, Bollinger Bands, Super Trend).
  • Donchian Channel period of averaging.
  • Bollinger Bands apply to.
  • Bollinger Bands period.
  • Bollinger Bands deviations.
  • Super Trend period.
  • Super Trend multiplier.
  • Display as bar chart (true/false).
  • Shift objects with chart (true/false)
  • Indicator used in EA via iCustom() (true/false) - Set this to true only when calling the indicator from an EA, another indicator or Script.

The first 5 settings are used for defining the type of chart that should be displayed and the next three are utilized for optional synchronization of chart's starting point for maximum consistency.

The following settings are used for turning ON/OFF various information on the chart to suit individual needs. These are followed by settings are used for custom alerting of new bars and new bar reversals.

Finally the last settings enable the trader to add 3 custom Moving Averages and a Donchian Channel, Bollinger Bands or Super Trend channel to perform technical studies directly on the Median Renko or Turbo Renko charts.

Below, you'll find the settings for creating several commonly utilized charting types:

  • Median Renko
    • Retracement factor = 0.5
    • Asymmetrical reversals = yes
    • Show wicks = yes
  • Vanilla Renko with wicks
    • Retracement factor = 1.0
    • Asymmetrical reversals = yes
    • Show wicks = yes
  • Turbo Renko
    • Retracement factor = 0.25
    • Asymmetrical reversals = yes
    • Show wicks = yes
  • Hybrid Renko
    • Retracement factor = 0.25
    • Asymmetrical reversals = no
    • Show wicks = yes
  • Point-O
    • Retracement factor = 1.0
    • Asymmetrical reversals = no
    • Show wicks = yes
Comentarios 16
189114nickynomates
272
189114nickynomates 2020.10.12 10:28 
 

This opens a whole new world to trading. I have brought many indicators and ea over the years the majority giving big promises but little in the way of results. Nothing comes close to this. Its a plug and play for the thinking trader. The Renko build is great and all you could ever ask for and the collection of indicators put together for help is just awesome. I very much hope i can run with a great ea i found that would be my dream. Keep up the great work Arhur look forward to many years of perfecting perfect trading.

waveriderj
19
waveriderj 2020.09.20 19:47 
 

5-star functionality

Jonathan Vodini
297
Jonathan Vodini 2020.06.30 19:43 
 

fantastic indicator, all you need in one, 5 stars!

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PipTick Volume Delta indicator shows the difference between Bid volume and Ask volume. Basically, it shows which side of the market participants (Buyers or Sellers) were more active in a certain period of time. Calculation of Bid volume and Ask volume is based on our PipTick Bid-Ask Volume indicator. As we all know, the forex market is decentralized and therefore we do not have a reliable information about real volume. We also do not know actual and historical values of the Bid volume (Sellers v
67 USD
PipTick Bid Ask Volume MT5
Michal Jurnik
PipTick Bid-Ask Volume indicator is a tool that needs every scalper and intraday trader. It uses a special algorithm to determine the activity of buyers and sellers and displays it in the form of histogram. With this feature, the trader can easily compare the level of aggression on the part of buyers and sellers and read the context of the market. As we all know, the forex market is decentralized and therefore we do not have a reliable information about real volume. We also do not know actual an
67 USD
M15 Manual Scalping System NRP MT5
Sergey Efimenko
The indicator is a ready-made manual trading system for scalping. The default parameters are set for М15. The indicator parameters can be customized individually. After a bar is closed, the main values ​​are not redrawn except for dynamic support/resistance zones and fractal trend lines. Market entry conditions should be evaluated on a closed bar. Before buying, make sure the candle is green, the direction change symbol (by default, it is a dot) is light blue and the current candle opens near th
50 USD
Engulfing Bar Indicator for MT5
Renaud Candel
Engulfing Bar Indicator is a pattern recognition indicator for Forex and Binary Options. The Engulfing Bar Indicator is a slightly enhanced pattern of the popular engulfing candle. The strategy that comes with the Engulfing Bar is purely based on price action. Inputs Distance: distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlerts (true/false): enable alerts PopAlerts (true/false): enable popup alerts EmailAlerts (true/false): enable email alerts PushAlers
97 USD
Pivot Prof
Paul Anscombe
Un indicador excepcional ... Obtenga increíbles oportunidades comerciales con Pivot Prof y use los niveles que usan los profesionales, ¡mejore sus operaciones hoy! Pivot Prof es rico en funciones y utiliza algoritmos únicos para calcular y mostrar los niveles de negociación de múltiples marcos de tiempo en un solo gráfico fácil de leer, y proporciona alertas de terminal, móvil y correo electrónico, además de personalización completa. Actualización importante Maximice el potencial de Pivot P
69 USD
Blahtech Market Profile MT5
Blahtech Limited
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
95 USD
LT Easy Market
Thiago Duarte
Easy Market makes the market easier to trade. It allows you to see an "eternally" side (no trend) market, making it extremely easy to see when the price is overbought or oversold. Both trend and consolidation traders will like Easy Market. You can use it as an auxiliary window (below chart) or in full screen mode. See the screenshots and note how it gives you accurate entries! Free demo version:   https://www.mql5.com/pt/market/product/41869 Free signals emitter:   https://www.mql5.com/en/market
50 USD
Pivot Channels PRO MT5
Dmitry Zmitrovich
⭐⭐⭐⭐⭐ I'm glad to present you my new "Pivot Channels Pro" indicator. ⭐⭐⭐⭐⭐ It builds on my previous indicators and over six years of experience using them. This indicator includes all the best strategies that I have researched. When developing and optimizing, I used ML algorithms. The indicator is very easy to use. Now the indicator has 3 basic strategies and the ability to customize your own strategy. I am constantly looking for better strategies. Telegram channel:   https://t.me/d_product
50 USD
Harmonic ABCD Monitor MT5
Mihail Matkovskij
Multi-currency, multi-timeframe, harmonic pattern indicator AB = CD. Supports sending push notifications about signals to a mobile device, messages on e-mail, as well as messages using alerts on all available currency pairs and timeframes. This indicator was based on the indicator Harmonic ABCD Universal. Version for MetaTrader 5:  https://www.mql5.com/en/market/product/44972 . See also: Harmonic ABCD Universal for MetaTrader 4 . Using modern software development methods has made the indicator a
230 USD
VTrende
Andrey Dyachenko
VTrende - MTF indicator for trend trading with a display panel for MT5 Although the signals of the VTrende indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. The main task of the indicator - is to determine the points of change in the direction of the trend. The indicator signal appears in two versions: Advance - when the trend ends To be continued - when the trend is already on The indicator sho
497 USD
Asgard Arrow
Renars Dericans
Good arrow indicator for trading in Forex and Binary Options Forex: Trade forex using H1, H4 time frame Asgard arrow you can combine with other indicators Binary Options: Trade Binary Options using M1 or M5 time frame Expiration on M1 char is 15 min Expiration on M5 char is 30 min Asgard inbdicator analyze best reversal point. This tool can help you understand what direction marke will go. Video for Binary Options using other indicators - https://youtu.be/dCRZ1mY5Z6A Video for Forex tradin
50 USD
Herrick Payoff Index
Konstantin Gruzdev
Herrick Payoff Index (HPI) confirms strong trends and helps to determine a moment when they change their direction, it also tracks prices, volume of trades and open interest (current liabilities) , combining them into one parameter . In MetaTrader 5, Herick Index can be displayed as a histogram or a linear chart for all trading instruments for which open interest is transmitted. Current liabilities or open interest represents the total volume of effective contracts (futures, options) for which t
49 USD
Advanced Supply Demand MT5
Bernhard Schweigert
⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to  show double timeframe zones . You will not only be able to show a higher timeframe but to show both, the chart TF, PLUS the higher TF:  SHOWING NESTED ZONES . All Supply Demand traders will love it. :) Important Information Revealed Maximize the potential
128 USD
BlueDigitsFx Easy 1 2 3 System MT5
Ziggy Janssen
!! 50 % OFF - BLACK FRIDAY SALE !! *All In One System Indicator, Breakthrough solution for any Newbie or Expert Trader ! Message Me Immediately After Purchase For Installation Help and V.I.P Access With Additional Strategies BlueDigitsFx Explains How To Use The System In Detail :  https://youtu.be/fIOWwWuE5ZQ BlueDigitsFx's Easy 1 2 3 System is an all in 1 Indicator with a variety of options to work with. Telegram Channel & Group  here Performs Amazingly with a Market Base Line for exa
49 USD
ZhiBiA
Qiuyang Zheng
Este indicador es apropiado para cualquiera de las variedades de la mt5 y para cualquier ciclo, pero el ciclo más adecuado es de 30 minutos y cuatro horas, con un simple uso de flechas que no se cambian definitivamente, no se transportan a la deriva ni se les dará un arma de fuego. El objetivo de este indicador se basa en el ATR y en la definición de la ma, junto con un cálculo híbrido, que se desarrollará con una tasa de exactitud alta. Para ver la flecha en el verde. Mira la Flecha Roja
58 USD
Filtro:
Julio Monteiro
2274
Julio Monteiro 2017.04.24 22:52 
 

The developer is very responsive to feedback and has made many improvements in the short time.

Henrique Sameshima De Souza
164
Henrique Sameshima De Souza 2017.04.24 23:44 
 

Great indicator, the developer is very responsive.

Renat Safin
81
Renat Safin 2017.08.11 15:50 
 

A good implementation of the Renko, but without the histograms of tick and real volume it is not very practical.

Carlos Giunti
863
Carlos Giunti 2017.08.24 22:54 
 

Great indicator, Amazing support from Artur Zas,

Very responsive. A+++++

kwlin_089
302
kwlin_089 2017.11.25 03:16 
 

Do not recommend to use automated! If you want to use it manually it will be useful

AndreiDuke
31
AndreiDuke 2017.12.21 16:25 
 

Artur, thanks for the great indicator. I liked the communication with the author. Artur answered all my questions. Maybe this is the best Renko indicator and realy best Renko on Metatrader. Excellent work and thanks again!

Michael Maggi
1469
Michael Maggi 2018.09.05 04:56 
 

This is a great indicator. I use it every day and have for a long time. Some of my trading strategies are outlined on my profile page with shared charts.

Andre Gomes
1139
Andre Gomes 2019.01.04 22:56 
 

Very useful. I totally recommend it!

StevenP
33
StevenP 2019.06.12 21:34 
 

This is a great indicator. So many options. Great developer

Devonish
1418
Devonish 2019.09.04 20:43 
 

A quality tool and the developer was very helpful in resolving some minor issues I had.

Jonathan Vodini
297
Jonathan Vodini 2020.06.30 19:43 
 

fantastic indicator, all you need in one, 5 stars!

waveriderj
19
waveriderj 2020.09.20 19:47 
 

5-star functionality

eliseexige
387
eliseexige 2020.09.23 16:18 
 

after multiple attempts during live markets, this is just like the rest of Artur's products. It will freeze, it will refresh the data and screw up custom indicators, and it will cost you because of it. I'd give this a 0 or negative star rating if it were possible. AVOID if you are a serious trader and need stability in fast markets, because you won't get it here.

Michael Edwards
28
Michael Edwards 2020.09.25 11:46 
 

El usuario no ha dejado ningún comentario para su valoración

189114nickynomates
272
189114nickynomates 2020.10.12 10:28 
 

This opens a whole new world to trading. I have brought many indicators and ea over the years the majority giving big promises but little in the way of results. Nothing comes close to this. Its a plug and play for the thinking trader. The Renko build is great and all you could ever ask for and the collection of indicators put together for help is just awesome. I very much hope i can run with a great ea i found that would be my dream. Keep up the great work Arhur look forward to many years of perfecting perfect trading.

gaswim
54
gaswim 2020.10.12 18:01 
 

Hello everyone I have bought median renko but I have some problem when I want to backtest with Mt5 backtester. Is there a solution. Please. Could someone help me.

Respuesta al comentario
Versión 3.11 2020.10.12
Maintenance release
Versión 3.10 2020.09.30
Fixed "Truncate trailing digits on the first renko" setting for situations where the offset is equal to the number of digits after the decimal point.
Versión 3.9 2020.09.24
Added alerts for bearish or bullish only reversals;
Replaced and fixed the optional "First pip offset" by more intuitive "Truncate trailing digits on the first renko";
Fixed compatibility issues with the latest MT5 builds.
Versión 3.8 2020.07.07
Fixed LWMA indicator bug
Removed "H1" timeframe restriction.
Versión 3.7 2020.06.18
Price projections update bugfix.
Versión 3.6 2020.06.16
Recompiled for better compatibility with the latest MT5 builds
Versión 3.5 2020.03.26
Fixed alert handler
Versión 3.4 2020.03.25
Memory usage optimization
Versión 3.3 2020.03.22
Optimizations
Versión 3.2 2020.03.18
FIxed ATR based renko size calculation
Versión 3.1 2020.03.13
Code maintenance update
Versión 3.0 2020.03.11
BREAKING CHANGES (full info in comments)!
======================================
Completely rewritten tick data engine (fixed all known and reported bugs found in the previous version)
Renko body size is now denoted in "ticks" for better compatibility with stocks, futures, and indices.
Added 4th MA
Added Linear regression to the available MA types
Added Keltner Channel to the available channel types
Added optional trading session timespan with optional gray out of the after-hours zone (useful for futures and stock traders)
Added more settings to the "Show pivot settings" dropdown
Added optional price labels for MAs and Channel lines
Alert setting inputs are now consolidated (from 6 to 2 variables)
Bar close projection colors are now taken from the candle colors (1 and 2).
Versión 2.17 2019.09.05
Bugfix for last bar refresh problem found in previous version
Versión 2.16 2019.09.03
Fixed "duplicate tick" processing problem on the extremely fast-moving charts.
Fixed problem with brokers having an incorrect symbol specification info.
Added various optimizations and improvements.
Versión 2.15 2019.08.29
Fixed problem with "invisible renko bars" when backtesting with latest MT5 builds.
Versión 2.14 2019.08.27
Bugfix (fixed incorrect tick volume calculation for some historical renko bars)
Versión 2.13 2019.07.30
Changed "Bars size (in points)" input name to "Renko body size (in point)"
Changed "Renko body size (in point)" input field type from "integer" to "long"
Versión 2.12 2019.05.24
Bugfix: fixed problem with certain settings resulting in a blank chart.
Versión 2.11 2019.05.13
Bug fix: Fixed backtesting bug
Versión 2.10 2019.04.24
Small enhancements & code cleanup
Versión 2.9 2019.03.28
Added signal candle's close price to alerts;
Code cleanup.
Versión 2.8 2018.12.15
Bug fix & maintenance update
Versión 2.7 2018.12.12
Bug fixes
Versión 2.6 2018.11.23
Maintenance release
Versión 2.5 2018.06.29
Maintenance release - code optimization
Versión 2.4 2018.05.17
Bug fix: Fixed backtesting bug.
Versión 2.3 2018.05.17
Bug fixes.
Added: 2 MA cross alert (MA1 = fastMA, MA2 = slowMA)
Changed: Alert settings
Versión 2.2 2018.02.27
Maintenance update
Versión 2.1 2017.11.22
Maintenance release
Versión 2.0 2017.11.09
Version 2.00 uses real tick data to build and update the charts.
Added: Real tick volume (with Buy/Sell breakdown) is presented where available
Added: First Renko offset setting
Added: Classic or Fibonacci pivot lines plus support (S1,S2,S3) & resistance (R1, R2, R3) levels
Added: Previous sessions High, Low and Close levels
Added: Third moving average
Added: Volume weighted moving average method (using tick volume or real volume)
Added: Optional ATR based bar size calculation
Added: Optional display as bar chart (useful when using with Heiken Ashi indicator)

All known bugs in version 1.47 have been fixed
Versión 1.47 2017.06.06
Bug fixes
Versión 1.46 2017.04.10
Added "shift" parameters to Moving Averages
Added "SuperTrend" channel indicator
Added support for adding external indicators (via API)
Versión 1.45 2017.03.23
Changed: Data window is now displayed when holding CTRL + Left Mouse button
Added: Display of bar size / retracement setting info on chart
Added: Extra padding space on top & bottom of chart
Added: Possibility of changing bar colors for gap filling bars
Fixed: Price projections for certain Renko configurations
Versión 1.44 2017.03.06
Added Bollinger Bands technical indicator
Added Renko Data Window (press and hold the left mouse button on a selected Renko bar)
Versión 1.43 2017.02.24
Bug fix: Visual backtest now works correctly when indicator is used in an EA
Added new input: Indicator used in EA by iCustom() (true/false) (Prevents incorrect shifting of objects on chart when indicator used in an EA).
Versión 1.42 2017.02.17
Added sending new bar/new reversal bar notifications to a smartphone via MetaTrader app.
Versión 1.41 2016.07.27
Added: New "Show wicks" (true/false) option for enabling/disabling display of wicks on candles.
Changed: Code optimization.
Versión 1.40 2016.07.13
Added two new chart types:
- PointO (Retracement = 1.00, Symmetrical reversals = FALSE)
- Renko with wicks (Retracement = 1.00, Symmetrical reversals = TRUE)

All custom chart types are now displayed as an overlay on the main chart, so you can use visual order placement and modification directly on the chart.
Versión 1.30 2016.06.03
Added 2 moving averages and Donchian Channel technical indicators
Versión 1.2 2016.05.26
Bug fix of "Buffer overrun" on indicator startup when starting MT5 after few days of inactivity.