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Indicateurs

GDS Renko Reversal Context - indicateur pour MetaTrader 5

Andrey Goida
Andrey Goida

Andrey Goida

3 (12)
MT5 developer focused on XAUUSD, Renko tools, and structured trading systems.
Building practical indicators, panels, and research-driven solutions for traders who value clarity, logic, and disciplined execution.
29 produits 5 codes 1 sujet 4 commentaires
Vues:
357
Note:
(1)
Publié:
Télécharger au format ZIP Comment télécharger du code à partir de MetaEditor
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GDS Renko Reversal Context

What it shows

-------------
- Current Renko direction: UP or DOWN
- Number of consecutive confirmed bricks in the current run
- Fixed brick size
- Last confirmed Renko close
- Price level where the opposite Renko brick becomes confirmed
- Current market distance to that reversal level, measured in bricks

How it works
------------
The indicator builds a small classic Renko model directly from the symbol's tick history.

Continuation rule:
A new brick in the current direction is confirmed after price moves one full brick beyond the last Renko close.

Reversal rule:
A reversal is confirmed only after price moves two full brick sizes against the current direction.

For an UP run:
    reversal = last Renko close - 2 × brick size

For a DOWN run:
    reversal = last Renko close + 2 × brick size

The dashed horizontal line marks that level.

Why this indicator exists
-------------------------
A common Renko mistake is to treat every counter-move as a reversal. In classic Renko that is not true. Price must reach the two-brick reversal threshold before the opposite brick is confirmed.

This indicator is intentionally small. It does not generate BUY/SELL signals and does not try to predict the next brick. It only shows the current Renko context.

Inputs
------
InpBrickPoints       Brick size in symbol points.
InpHistoryTicks      Number of recent ticks used to initialize the Renko sequence.
InpShowReversalLine  Show/hide the reversal level on the chart.
InpX / InpY          Panel position from the upper-right chart corner.
Color inputs         Display colors only.

Notes
-----
- The source is self-contained: no external .mqh libraries are required.
- The sequence is built from Bid ticks when Bid is available; Last is used as fallback.
- Tick history availability depends on the broker/server and local MT5 history.
- This is an educational/context indicator, not a trading system.

Suggested screenshot
--------------------
Use a clean XAUUSD chart with a 100- or 500-point brick size. Keep the panel visible in the upper-right corner and the dashed reversal level clearly visible on price.

Suggested CodeBase category
---------------------------
Indicators / Examples / Renko
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