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Renko arrows

RENKO arrow is a technical indicator where the basis of RENKO charts plotting is laid. The indicator combines 2 RENKO charts. One having bigger RENKO bricks is responsible for a trend position, another having smaller RENKO bricks is responsible for signal generation. The indicator is designed to assist you in trading. If you download its demo version, you can assess the indicator and quality of its signals.

The indicator generates signals in the form of alerts and arrows on the chart which is pretty handy.


The Indicator Settings

When launching the indicator on any chart, you shall adjust its settings. They are quite simple. Description of the settings:

  • Renko trend options — This setting is responsible for trend RENKO construction. The bigger the RENKO brick is, the more accurate it will determine a buy or a sell trend.
  • Renko signal options — This setting is responsible for signal generation. Recommended parameter of this setting is 1:3 or 1:4 in relation to Renko Trend Options. I.e. if we set Renko Trend Options to 1000, we set this parameter to 250.
  • Color BUY signal — Buy arrow color.
  • Color SELL signal — Sell arrow color.
  • Width arrow — Arrow width on the chart.
  • Alert — When an arrow appears on the chart, a window with buy or sell text will be displayed.
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Non-repainting Forecast Indicator is a great tool for trading, which accurately produces great signals and helps traders to predict the direction of trend. This indicator is made from its own mathematical algorithm and some common technical indicators. Forecast Indicator does not repaint. It produces signals at the beginning of the candle. Signals never disappear at the current candle after it comes out. Inputs and Settings X = 2; Y = 2; Z = 2; X, Y and Z are optional settings to create signal
136 USD
Pro Currency Strength Meter
Pro Currency Strength Meter
Oystein Knudsen
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
129 USD
Advanced Price Pattern Scanner MT4
Advanced Price Pattern Scanner MT4
Young Ho Seo
Introduction Advanced Price Pattern Scanner is the pattern scanner built upon our accumulative knowledge and insight from our financial market research many years. Advanced Price Pattern Scanner uses highly sophisticated pattern detection algorithm. However, we have designed it in the easy to use and intuitive manner. Advanced Price Pattern Scanner will show all the patterns in your chart in the most efficient format for your trading. Detectable Patterns Following pattern can be detected. Tri
180 USD
Royale Scalping Indicator MT4
Royale Scalping Indicator MT4
Mostafa Tarakameh
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend
149 USD
Price Action Pattern Alert
Price Action Pattern Alert
Thorben Koch
Ever missed an entry at a significant price action level? This indicator scans all the symbols you want to watch closer and sends out an alert to your smartphone when the market formed a significant candlestick pattern with the close of the last candle. Supported patterns Engulfing candle Rejection candle Inside bar to be continued... Indicator Parameters Max_Dist: How many pips is the price allowed to get away from the defined level (see screenshots for more details) Min_Dist: How near has
200 USD
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Sham222
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Sham222 2015.10.15 15:39 
 

was not good for me at all

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