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Renko chart generator

Professional renko charting on a custom symbol chart

  • accurate pricing to the tick 
  • accurate timeline (no future date projections)
  • every renko variation in a single package
  • very responsive charts
  • optional display of live trade levels on the chart


An Expert Advisor (EA) used to create custom Renko charts and provide real-time updates. This is an MT4 "offline" chart equivalent which is very simple to use. All historical renkos are constructed using real tick data from the broker's server.

You can attach any MT5 compatible indicator or template to the renko chart and perform your technical analysis.

The EA enables creating custom live charts resembling Median Renko, Mean Renko, Turbo Renko, and Better Renko candles as well as Vanilla Renko and Renko with wicks, PointO charts and many more such as UniRenko (search google for UniRenko to UltimateRenko settings converter).


The settings include

  • Renko body size - Defines the size of the candle body.
  • Renko body calculation mode - ( pips / ticks/ points / ATR % / % )
  • Presets (sets 3 values below): Presets for creating several commonly utilized charting types: Renko / Median Renko / PointO / Turbo Renko / Hybrid Renko
  • Open offset % (0 to ..) - offsets the new trending bar's open value back by % or the defined candle body size (see screenshot)
  • Reversal Open offset % (0 to ..) - offsets the new reversal bar's open value back by % or the defined candle body size (see screenshot)
  • Reversal bar size % (0 to ..) - sets the size of the reversal bar as a  % or the defined candle body size (see screenshot)
  • Show wicks (yes/no) - Candlewick visibility setting.
  • Show history for a number of days (0 to...)
  • ATR timeframe setting - for renko body size calculation based on percentage of the ATR indicator calculation on the selected timeframe.
  • ATR period (1 to...) - ATR indicator's period setting for renko body size calculation based on percentage of the ATR indicator.
  • Use a percentage of daily ATR (1 to 100) - The percentage of the calculated value to use.
  • Apply offset to first Renko (yes/no) - Setting used to synchronize the open of the first renko candle based on the offset parameter (below)
  • Offset value (0 to 100)
  • Synchronize first bar's open on a new day (yes/no) - Synchronize the first candle's open price with the open price of the daily candle.
  • Override default custom chart name with (chart name)
  • Apply template to custom chart - (the user-defined template that will be applied to the renko chart. If you have a "default" template saved, this will be applied by default).
  • Create chart for backtesting only (yes/no)
  • Show trade levels on chart (yes/no)

NOTE: Metatrader 5 custom symbols are not directly tradable by design.

Comentarios 6
John Estrada
68
John Estrada 2020.11.17 13:31 
 

Works as described with great support from dev

Henrique Sameshima De Souza
163
Henrique Sameshima De Souza 2020.03.16 20:56 
 

It works very well, great JOB.

eliseexige
488
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. EDIT 2: Artur is working with me on all products to solve issues and I have adjusted the feedback accordingly.

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Pavel Kolchin
The program allows you to copy transactions between various MetaTrader 4 and MetaTrader 5 accounts in any direction and quantity via the  Internet , a program for working on " Windows   PC " and " Windows VPS ". Any type of copying is available MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4 * To copy between different MT4 ↔️ MT5 terminals, you must purchase two versions of the product   Internet Copy MT4   and   Internet Copy MT5 How the program works The program copies transactions through the Inte
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EasyControls
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EasyControls is a control panel for 'one click' trading. Features: Installation of pending orders and/or opening position Removal of pending orders Closing an entire position or half of it Position trailing (moving stop loss after the position makes a certain number of points in the profit direction) Indication of the current spread and trend direction Indication of the profit/loss of open positions Description of the elements: Lot - Lot for orders or positions Price +/- - offset from the cur
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Trading Chaos Expert
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Este producto de programa no tiene análogos en el mundo, ya que se trata de un "mando de control" universal de operaciones comerciales, comenzando desde la obtención de las señales comerciales, la automatización de la entrada en la posición, el establecimiento de stop loss y take profit, así como de trailing de beneficio de multitud de transacciones simultáneamente en una ventana abierta. Gestión intuitiva y comprensible del experto en "tres clicks" en la pantalla del monitor, permite utilizar a
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My Money Manager MT5
My Money Manager MT5
Vu Trung Kien
My Money Manager like a risk controller, which places your trades with the exact volume that meets your desired stop loss risk. It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position opening. With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and professional work
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Trade Manager MT5
Trade Manager MT5
Daniel Stein
️️️️️ You want to become a constantly profitable 5-star forex trader? ️️️️️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat The Trade Manager MT5 is the ideal addition for all  FX Trend  users which like to use a fully automated trade management. It detects your manually opened trades immediately and manages their stops au
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PZ Trade Manager Pro MT5
PZ Trade Manager Pro MT5
PZ TRADING SLU
Este es un panel de comercio visual que lo ayuda a colocar y administrar operaciones fácilmente, evitando errores humanos y mejorando su actividad comercial. Combina una interfaz visual fácil de usar con un enfoque sólido de gestión de riesgos y posiciones. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Increíblemente fácil de usar. Opere fácilmente desde el gráfico Opere con una gestión de riesgos precisa, sin problemas La preservación del c
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TradePanel MT5
TradePanel MT5
Alfiya Fazylova
Trade Panel is a professional tool for manual trading. Allows you to work with orders and positions in one click, making your trading fast and comfortable. When opening an order, it simplifies the setting of stop loss and take profit, as well as automatically calculates the lot according to the specified risk and stop loss size. In addition, the utility can work with virtual orders and accompany trailing stop orders, transfer SL to the breakeven zone, perform partial closing and timely notify o
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The Copier MT5
The Copier MT5
Andrey Barinov
This is a professional trades copier with easy to use interface and fast rock solid execution. It has some unique functionality which is missing in other trades copiers (see details below). It can copy trades between both MT4 and MT5 terminals in any combinations. Supports "One to Many" and "Many to One" copying modes. This product can not be tested in strategy tester. Please, download demo version here:  https://www.mql5.com/en/market/product/36142 Version for MetaTrader4 is available here:
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Boleta Ordem OCO
Boleta Ordem OCO
Jose Dias Junior
The "OCO Order Boleta" ("Boleta Ordem OCO") allows you to trade using OCO orders in Meta Trader 5 simply and quickly. To use it, just inform which market you are trading in, whether B3 or Forex, in the initial parameters and fill in the Lot size (or volume) and the distance, in points, from the takeprofit and stoploss. Then, if you want to buy or sell to the market, just click on the respective button ("Sell Market" or "Buy Market") and the order will be sent and executed to market with t
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Exp COPYLOT CLIENT for MT5
Exp COPYLOT CLIENT for MT5
Vladislav Andruschenko
La copiadora comercial para MT5 es un comercio   copiadora para la plataforma МetaТrader 5 . Copia operaciones de forex entre   cualquier cuenta  MT5 → MT5, MT4 → MT5 para la versión COPYLOT MT5 (o MT4 → MT4 MT5 → MT4 para la versión COPYLOT MT4) Copiadora confiable! También puede copiar operaciones en el terminal МТ4 ( МТ4 → МТ4, МТ5 → МТ4 ):  COPYLOT CLIENT para MT4 Esta versión Incluye entre terminales  МТ5 → МТ5, МТ4 → МТ5  . La copiadora de ofertas se crea para copiar ofertas / posiciones
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Easy Trade Manager MT5
Easy Trade Manager MT5
Anoop Sivasankaran
Thank you users for all your great reviews for the MT4 version - 2021 Version updated ! Enter the Risked Amount or Lot size or % of Balance (New!) Drag the RED line on the chart to fix the Stop-Loss. Drag Blue line (New!) for Limit/Stop orders automatically ! Adjust TP1, TP2 and TP3 lines You are ready to Buy/Sell > Adjust the lines even after the trade Reviews - https://tinyurl.com/etmreviews Check the user video -  https://tinyurl.com/etmmt4ea Automatic Breakeven TP1/2 | Book Part/Partial P
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Filtro:
eliseexige
488
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. EDIT 2: Artur is working with me on all products to solve issues and I have adjusted the feedback accordingly.

stevefer50
19
stevefer50 2020.12.13 17:45 
 

I cannot trade on the charts that I have it loaded on. Can't open one click trading or use the right click to trade. Guess I will have to figure this out.

John Estrada
68
John Estrada 2020.11.17 13:31 
 

Works as described with great support from dev

robertos1976
34
robertos1976 2020.09.26 09:04 
 

El usuario no ha dejado ningún comentario para su valoración

Henrique Sameshima De Souza
163
Henrique Sameshima De Souza 2020.03.16 20:56 
 

It works very well, great JOB.

niel phan
35
niel phan 2020.05.21 01:10 
 

The indicators that plotted on the renko chart kept turning on and off likes Christmas light. Hope for a FIX so I can rate truly this potential great indicator.

Respuesta al comentario
Versión 2.8 2021.05.17
Added an optional display of live trade levels on the chart.
Versión 2.7 2021.05.10
Added new dynamic renko body size algorithm (price % as used on Definedge TradePoint);
Optimized indicator inputs.
Versión 2.6 2021.04.28
Optimization
Versión 2.5 2021.04.08
Compatibility fixes for long symbol names
Rearranged EA setings into groups
Versión 2.3 2020.06.30
Added input for toggling ON/OFF faster chart refresh parameter;
Added option for building a renko chart for backtesting purposes only.
Versión 2.2 2020.06.16
Recompiled for better compatibility with the latest MT5 builds
Versión 2.1 2020.03.17
Fixed missing bars on rapid price spikes
Chart refresh rate improvement on extremely fast-moving charts (very small renko boxes).
Versión 2.0 2020.03.10
Renko body size is now denoted in "ticks"
Updated the tick data engine
Changed time resolution to "seconds" (improves timescale resolution)
Numerous bug fixes
Versión 1.23 2019.06.05
Fixed compatibility issue with the latest MT5 build
Versión 1.22 2019.04.23
Bug fix + stability improvements
Versión 1.21 2019.04.11
Bug fix and code cleanup
Versión 1.20 2019.04.05
Bug fix + optimization
Versión 1.19 2019.04.04
Reverted back to v1.16/1.17 due to bug in 1.18
Versión 1.18 2019.03.27
Bug fixes and code maintenance
Versión 1.17 2018.12.19
Bug fix & maintenance update
Versión 1.16 2018.12.13
Added: Presets for the most common chart types (Renko, Median Renko, PointO, etc…)
Breaking change: Retracement factor & Symmetry toggle settings have been replaced with:
Open offset % (0 to ..)
Reversal Open offset % (0 to ..)
Reversal bar size % (0 to ..)
Versión 1.15 2018.11.22
Maintenance release
Versión 1.12 2018.07.09
Added "Apply template to custom chart" setting
Bug fixes
Versión 1.11 2018.06.28
Bugfix: Fixed problem with BM&FBovespa
Versión 1.10 2018.05.24
Added option to override the default custom chart name with a user-defined value