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Renko One ReversBar Demo

The Renko_One_ReversBar_Demo is a Demo version of the Renko_One_ReversBar indicator. 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.  Works only on Demo accounts.

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 offline charts and restart the indicator

A chart created using Renko_One_ReversBar_Demo 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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Currency Strength Meters are a great way to identify strong and weak currencies. With this CSM indicator attached to your chart, you will get a clear overlook over the 8 major currencies: USD, EUR, JPY, CAD, CHF, GBP, AUD, and NZD. Suggested timeframes to scan is: M15 - H1 - H4 - Daily  You can however just change timeframe to check in the settings. Bear in mind that scanning very low timeframes such as M1 will require a lot of resources and might make your mt4 terminal slow.  The strength s
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Currency Strength Matrix
Raymond Gilmour
THE ONLY CURRENCY STRENGTH INDICATOR THAT IS BASED ON PRICE ACTION. DESIGNED FOR TREND, MOMENTUM & REVERSAL TRADERS This indicator  reads price action to confirm trend and strength . Advanced multi-currency and multi-time frame indicator that shows you simply by looking at one chart, every currency pair that is trending and the strongest and weakest currencies driving those trends. For full details on how to use this indicator, and also how to get a FREE chart tool, please see user manual HER
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TMA Currency Meter
Paul Geirnaerdt
TMA Currency Meter is the ultimate currency meter. Based on the Triangular Moving Average of all available symbols, this indicator shows which currencies are strong, strengthening, weak or weakening. Experienced as well as novice traders will see the strong and weak currencies in the blink of an eye, and know which trade possibilities to explore further. TMA Currency Meter is a true Multi Timeframe indicator. It is easy to show the currency strengths for a higher timeframe than the chart timefra
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ShvedSupDem Pro Zone
Andrey Shvedov
Let us analyze what supply and demand are, and how relevant the expression "market memory" is. The screenshots show the operation of the SupDem-Pro custom indicator, it is the improved version of my previously created Shved Supply and Demand indicator. In order to create it, I gave up trading for almost 3 years and studied a lot of literature, I have not traded during this time, but only analyzed the behavior of the price in different situations. It took me quite a long time to correctly formula
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TPA Sessions MT4
InvestSoft
"TPA Sessions" indicator is a very important tool to complement  "TPA True Price Action" indicator . Did you ever wonder, why many times the price on your chart suddently turns on a position you can`t explain?  A position, where apparently no support or resistance level, or a pivot point, or a fibonacci level is to identify? Attention!!! The first run   of the TPA Session indicator must be in the open market  for the lines to be drawn correctly. Please visit our blog to study actual trades wi
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Versión 1.20 2020.08.31
Now the indicator works on any symbol on Demo accounts.
Versión 1.10 2020.03.09
Added parameter SymbNZD, since the name NZDUSD is not in all terminals.