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Renko One ReversBar

The Renko_One_ReversBar indicator is an evolution of the indicators Renko_Bars_3in1 and RenkoRangeBars FlatBar. The main feature is that only one Reversal Bar is drawn. As in the indicator Renko_Bars_3in1, you can independently adjust the size of the reversal bar. A chart created using Renko_One_ReversBar can be used for all types of trading. For testing, download the Demo version Renko_One_ReversBar_Demo .

Important. To build an offline chart, you need a chart with a period of M1. When you launch the indicator on the chart, the offline chart opens automatically. When closing the terminal, also close the offline chart, because the next time you start the terminal, another offline chart opens. If this situation occurs, close the offline charts and restart the indicator.

The chart created using Renko_One_ReversBar, does not redraw the Open value of the current bar and the Close value of the previous one, which is important for a proper operation of indicators and Expert Advisors. Also the indicator enables testing of indicators and Expert Advisors in the Strategy Tester.

To run your Expert Advisor on an offline chart, you need to create a copy of your Expert Advisor and insert or replace its OnInit() function with the one below. You may also use my refreshchart_and_tiks script, which allows running Expert Advisors on offline charts (this method is preferable, because you do not need to replace functions in your Expert Advisor).

//+------------------------------------------------------------------+
void OnInit()
 {
     double prev_bid;
     prev_bid=Bid;
     while(!IsStopped())
    {
     RefreshRates();
     if(prev_bid!=Bid) 
     {
      prev_bid=Bid;
      OnTick();
     }
      Sleep(200);
    }
  }
//+------------------------------------------------------------------+


Indicator parameters

  • CandleSize - The size of the candlestick body, in pips.
  • RevReduction - The amount by which the reversal bar increases.
  • TimeFrame - Display on offline charts (M2, M3, M4, M6, M7, M8, M9 or M10).
  • ShowWicks - Show shadows (true/false).
  • StrangeSymbolName - Set true if the name of your broker's pair differs from the standard pair name.
  • Test - false; True if you open a chart for testing.
  • DateStart - Chart calculation start date.

Watch the video of Renko_Bars_3in1 to find out how to set the indicator and to test your own indicators.

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⭐️⭐️⭐️⭐️⭐️ 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 FX Power is the first currency strength meter with a complete history across all time frames. It analyzes the momentum and strength of all major currencies to determine high probability trades. Key Fe
50 USD
Volume Delta Panel
Chantal Sala
Volume DeltaPanel is a very powerful indicator that read the supply on Market. It calculates the Delta from movement of the price and the difference of BUY volumes and SELL volumes. The Volumes are added to price and normalized to symbol points. Its special structure allows you to get all Time Frames values available on the platform MT4. Panel can show 28 instruments simultaneously all customizable according to the offer of the Broker. A good observation of this instrument can suggest great en
50 USD
Resistance and Support Zones MTF for MT4
Pavel Zamoshnikov
The indicator automatically builds Support/Resistance levels (Zones) from different timeframes on one chart. Support-resistance levels are horizontal lines. As a rule, the market does not respond to a specific price level, but to a price range around the level, because demand and supply of market participants are not formed clearly on the line, but are “spread out” at a certain distance from the level. This indicator determines and draws precisely such a price range within which strong pos
40 USD
Advanced Currency IMPULSE with ALERT
Bernhard Schweigert
Este indicador es una herramienta de transacción única, de alta calidad y asequible porque hemos incorporado una serie de características propias y una fórmula secreta. Con solo un gráfico, da Alertas para los 28 pares de divisas. ¡Imagina cómo mejorarás porque puedes identificar el punto de activación exacto de una nueva tendencia u oportunidad de crecimiento! Basado en nuevos algoritmos subyacentes , hace que sea aún más fácil identificar y confirmar operaciones potenciales . Esto se debe a qu
78 USD
Arbitrage Thief Index
Philip Pankaj
"It's not about how much you do, but how much love you put into what you do that counts."    - Mother Teresa Today you have the ability to unlock the most powerful trading Indicator.In my trading Carrier,I have been using this indicator to take a perfect entry and exit with nice safe profit.And with full trust,Today I'm sharing this secret strategy with you.Great fund manager never risk their trade on one single order,instead they take more trade orders at different instrument to build an effec
89 USD
Bruces Price Predictor
Bruce Webb
*Non-Repainting Indicator Message Me Immediately After Purchase For VIP Installation Help and Free Strategy     Bruce's Price Predictor is an indicator that shows precise price reversals. A great arsenal to add to any chart.  Bruce's Price Predictor points price reversals with high degree of accuracy and it is great for scalping on the 1min time frame, Or swing trading on the 1hr time frame. Buy and sell arrows are shown on the chart as for entry signals. They do not repaint but confirmation ent
50 USD
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