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Renko Advanced lite

This Renko Advanced indicator can be considered as a trading system.

The indicator offers a different view to see the currency pair: it is a full  timeless indicator and it can be used for manual trading or for automatized trading with some expert advisor. When the price reaches a threshold a new block is created.

It takes advantage of a visualization  similar to Renko visualization type, offering less noise than usual candles bar.


The indicator beside the Renko bars, shows also 3 moving averages.

Push notification was introduced when a new bar is created or a cross between moving averages occurs.

PS2: if nothing is displayed turn off the Sync feature


Introduced: datetime for renko bars and wicks. If you find some bugs let me know


How to use

This is the lite version of the Renko Advanced indicator.

The only limitations of this version are some parameters can not set (read only). In this way the user can start to appreciate the Renko visualization and how this indicator can be very powerful and simple at the same time.

Time frame should be low( like 5M but it depends of brick height) to have a good representation of historical bars, otherwise the user should adapt the timeframe related to brick height set.

PS: please rate this indicator and leave a comment. Do not forget: your feedbacks are important!

How to set the brick height? It is a good questions, it depends of the duration we want to stay in the market, the volatilty of the market. A good choice could be using the ATR indicator to check the average value of candles in the TF we want to operate.
Renko is very good for giving the idea of the trend with very low noise. Just for an example you can try EURUSD with 2 RenkoAdv: one with brick at 130 points and another with brick at 500 points.


INPUT parameters


DisplayMode: RenkoAdv, True Renko, Median Renko

The difference is :

-With RenkoAdv, every brick has drawn after a number of points set in BoxSize parameters. 

-With TrueRenko on inversion of trend, the price must be distant the double of BoxSize before drawing the bricks. When the double has reached, 2 box are drawn. It is less noisy of RenkoAdv mode but it has more delay when changing trend occurs.

-With Median Renko we have a smoother price movement

Box size (in Points): the thickness of the renko bar in points

Calculation Type: how to calculate a new renko bar

FAST Average length: length for the fast moving average

FAST Average type: simple or exponential moving average

SLOW Average length: length for the slow moving average

SLOW Average type: simple or exponential moving average

LONG Average type: simple moving average

Alert on new bar: Computer or phone notification is available

Alert on Avg cross: Computer or phone notification is available

Optional comment: on push notification to EA, optional comment is sent

Sync graph with midnight: Renko is not dependent by the time, so if you close the metatrader and open it again in few hours, the graph could be a little different by today. With this feature the graph will start to be drawn by the first candle starting at midnight.

Give us a feedback and a comment please.

PS: for receiving phone notification you need to have installed MT5 on your phone and follow the procedure to enable push notification. If you have problems feel free to contact me.


Using with an EA

  enum Typek
  {
   Calc_OnClosePrice=1,//On Close Price(TF related)
   Calc_OnEveryTick=2//On Every Tick
  };

enum Average
  {
   Simple=1,
   Exponential=2
  };

enum NewAlert
  {
   Alert_No=0,//No Alert
   Alert_PcAlarm=1,//Computer
   Alert_PhoneAlarm=2,//Phone
   Alert_PcPhoneAlarm=3//Computer and Phone
  };

enum DisplayModex
  {
   Mode_TrueRenko=0,//True Renko
   Mode_RenkoAdv=1,//Renko Adv
   Mode_MedianRenko=2//Median Renko
  };

//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+

//Example of Call 
//For the order of the input, follow the indicator inputs.The following row could be not updated.
int handle_adv=iCustom(NULL,Period(),"Downloads\RenkoAdv",BrickHeight,Avg1Fast_Length,Avg1Fast_Type,Avg2Slow_Length,Avg2Slow_Type,Avg3Length,Avg3Long_Type,UseSync_boolean,ShowNewBarAlert_boolean,ShowCrossAlert_boolean,CalculationType_typek,"Just a comment");




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Currency RSI Scalper MT5   -is a professional indicator based on the popular Relative Strength Index (RSI) indicator. This product is an oscillator with dynamic overbought and oversold levels, while in the standard RSI, these levels are static and do not change. This allows Currency RSI Scalper to adapt to the ever-changing market. When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely manner and avoid sitting at
35 USD
Standard Deviation Channel MT5
WaltSoft
- Alert, Notification and Email when price reaches a level. - Second channel possible. - The Channel updates with every new bar, so moves along with time. - Does not repaint. Description Standard Deviation Channel is built on base of Linear Regression Trend representing a usual trendline built between two points on the price chart using the method of least squares. As a result, this line proves to be the exact median line of the changing price. It can be considered as an equilibrium price line,
30 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
Orders Indicator MT5
Andrey Khatimlianskii
i-Orders is a simple indicator to monitor your own trade/analyze others' trades. I use it for a long time and do not imagine a chart without these arrows, lines and trade result numbers. The features allow you to: change the size and location of the control buttons ( Control buttons size , Control buttons corner ), disable display of opened and closed positions ( Show OPENED , Show CLOSED , Show PENDING ), change colors of arrows and lines for profitable and unprofitable buy and sell positions s
30 USD
Trend Line Map Pro MT5
Sayadi Achraf
⭐️   ⭐️   ⭐️   ⭐️   ⭐️        TREND LINE MAP ⭐️⭐️⭐️   ⭐️⭐️ Trend Line Map indicator is an addons for Trend Screener. Important Note : 1.  Active Signals Performance via  TREND LINE MAP INDICATOR ( Daily Update )    ► Click Here 2. Trend Line Map is a Trend Line Scanner based on Trend Screener Indicator. Please make sure that you get  Trend Screener Pro  before getting Trend Line Map indicator. 3.  If you don't have  Trend Screener Pro  Indicator, the  Trend Line Map Pro  it will
49 USD
Belkhayate Gravity Center
Ahmed Alaoui Chrifi
The Belkhayate center of gravity indicator is best used to confirm major turning points, and distinguish price extremes. Generally if price reaches the upper or lower levels one should expect a turn around coming soon, or at least a pull back towards the centre line if there is a strong trend. The upper and lower levels are red and green lines. Our indicator use the same parameters as the well known trader M.Mostafa Belkhayate the inventor of the indicator, allow the use of buffers for your EA
30 USD
Gekko MACD Plus
Rodrigo Galeote
Tipo: Oscilador Esta es la Convergencia / Divergencia de media móvil de Gekko (MACD), una versión personalizada del famoso indicador MACD. Use el MACD normal y aproveche los diversos cálculos de las señales de entrada y las diferentes formas de recibir alertas cada vez que haya un posible punto de entrada o salida. Entradas Fast MA Period: Período para la media movile rápida del MACD (default 12); Slow MA Period: Período para la media movile lenta del MACD (default 26); Signal Average Offset P
30 USD
Support Resistance Multi Time Frame MT5
FXsolutions
This indicator shows the latest untouched support and resistance as horizontal lines. The indicator can show support/resistance from higher timeframes. With this indicator you can e.g. easily see the support/resistance of the timeframes H4, D1 and W1 on a H1 chart, which can be a big advantage while time your entry on H1. This is the FULL version of the FREE indicator: Support Resistance Multi Time Frame MT5 FREE Parameters referenceTF: the timeframe from which the support/resistance is calcul
39 USD
Otros productos de este autor
Forex Volumes Eval
Marco Montemari
Forex is the most liquid market in the world. For this reason real volumes are not available. Some indicators use the number of ticks, in other cases the broker can supply volumes informations but they will be only data about that broker. Volumes are important becase they will form the price and volatility of the market. Using a customized algorithm, this indicator can give you a very good approximation of the volumes for each candle. How to read the indicators? This version is evaluation ve
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Discrete channel lite
Marco Montemari
The  Discrete Channel  (kind of renko on time) is a very useful indicator to filter the market noise. It consists of two outer lines. Until the market price is between the boundaries of the channel nothing happens. If price move outside the channel, you can enter buy (if the up line is broken) or sell (if the bottom line is broken) How to use This is the lite version of the  Discrete channel indicator . The only limitation is in the channel height parameter. Max value can be 20 pips. It accept
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Renko MACD Demo
Marco Montemari
The Renko MACD indicator is a poweful tool if used with the Renko indicator ( you can find here our Renko Adv product  https://www.mql5.com/en/market/product/31606 ) The indicator is a full timeless indicator and it can be used for manual trading or for automatized trading with some expert advisor.  Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages. In this case the averages are calculated on the renko
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AvgVolumes
Marco Montemari
This indicator is based on Volumes standard indicator, calculates the average of Volumes based on the last N bars set by users, and if the value of the volume is bigger then a set % respect the average a different color will be used. The indicator is shown in a separate indicator window. This version has now a limitation in setting the % about the threshold. If you are interested to set threshold consider to buy the PRO version ( https://www.mql5.com/en/market/product/35925 ) If you want to use
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AvgVolumes PRO
Marco Montemari
This indicator is based on Volumes standard indicator but it adds features than can be very usueful for the trader. This is the PRO(full working version) of the AvgVolumes the  https://www.mql5.com/en/market/product/29968  So if you wanna try first how it works, I suggest you to download the otehr indicator and if you need to change values of parameter, consider to buy this indicator.  Obviously volumes (number of ticks) are provided by the broker so they are not a unique value in the world but
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Avg Volume Smart
Marco Montemari
This indicator is based on Volumes standard indicator. User must select the bars he wants to consider in the set period and an average is calculated on these bars.  Let 's see an example to make it clear: Today at 11 am the volume is 342....I want to comparise with the average of volume of yesterday and 2 days ago at the same hour. Alarm can be fired when : the current volume is higher than a set threshold respect the average calculated on selected bars the current volume is higher than at l
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Discrete Channel
Marco Montemari
The Discrete Channel (kind of renko on time) is a very useful indicator to filter the market noise. It consists of two outer lines. Until the market price is between the boundaries of the channel nothing happens. If price move outside the channel, you can enter buy (if the up line is broken) or sell (if the bottom line is broken) How to use The indicator is very simple to use. It accepts 4 inputs for adjusting the behaviour based on the user preference. Channel height : the distance in ticks b
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Renko Advanced
Marco Montemari
This Renko Advanced indicator can be considered as a trading system. The indicator offers a different view to see the currency pair: it is a full  timeless indicator and it can be used for manual trading or for automatized trading with some expert advisor. When the price reaches a threshold a new block is created. It takes advantage of a visualization  similar to Renko visualization type, offering less noise than usual candles bar. The user can decide how to calculate the bars. The indicat
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Renko MACD
Marco Montemari
The Renko MACD indicator is a poweful tool if used with the Renko indicator ( you can find here our Renko Adv product  https://www.mql5.com/en/market/product/31606 ) The indicator is a full timeless indicator and it can be used for manual trading or for automatized trading with some expert advisor.  Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages. In this case the averages are calculated on the renko i
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Forex Volumes
Marco Montemari
Forex is the most liquid market in the world. For this reason real volumes are not available. Some indicators use the number of ticks, in other cases the broker can supply volumes informations but they will be only data about that broker. Volumes are important becase they will form the price and volatility of the market. Using an algorithm this indicator can give you a very good approximation of the volumes for each candle. How to read the indicators? This version provides you many visualiza
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Spread T
Marco Montemari
Introduction If you are a fan of the Spread trading, you cannot miss this indicator. How To Use Find a high correlated pair( like EURTRY and USDTRY) (let 's call P1 and P2)  on a set Timeframe (suggested TF are H1 to D1)... Load this indicator into P1 window (ex. EURTRY). In the setting of the indicator write the P2 (USDTRY) and the AVG length. When the cross happens, enter into the trade. Let's check in detail how to operate. When the strength ratio line crosses down the up line, you ca
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Filtro:
rektMan
71
rektMan 2019.04.21 07:07 
 

El usuario no ha dejado ningún comentario para su valoración

Valentin Butorin
3879
Valentin Butorin 2020.07.23 13:35 
 

El usuario no ha dejado ningún comentario para su valoración

hsok1
707
hsok1 2020.12.07 04:13 
 

no words

Marco Montemari
18412
Respuesta del desarrollador Marco Montemari 2020.12.07 07:25
What is the problem?
Respuesta al comentario
Versión 3.2 2020.12.18
Brick size in points
Versión 3.1 2020.12.16
fix minor bugs
Versión 3.0 2020.12.07
-removed cursor informations
-show loading in progress during bars creation
-added wicks and tails
Versión 2.5 2020.12.07
fix datetime on renkobars
Versión 2.4 2020.12.06
Added time info on renko bars
Versión 2.2 2020.04.28
-Implemented Median Renko with no delay

-Implemented no blocking Alert.
(It could be very dangerous to have a pop up window if the user in the while was doing some operation on the market)
Versión 2.0 2020.04.18
-Added median renko mode
-Added push notifications to phone
Versión 1.15 2020.04.15
--Added True Renko visualization Mode
Versión 1.14 2020.03.25
--New publish--
Versión 1.13 2020.03.23
-On bar creation, info are given
Versión 1.12 2019.11.16
Fix: if connection is lost, many push notifications were sent
Versión 1.10 2019.11.04
Added Sync feature
Versión 1.9 2019.11.03
Fix a bug, now indicator can be used with high timeframes
Versión 1.8 2019.09.26
- Added alert on cross between AVGs
- Added push notification cross avg and fix
Versión 1.6 2019.04.07
-Added Exponential Avg also fot the long running
-user can set a custom message in the push message
Versión 1.5 2019.03.17
-Optimized to make it faster
-Custom event fired on a new bar creation