RenkoVPEurUsd
- Indicateurs
- Kourosh Hossein Davallou
- Version: 1.0
📌 Introducing RenkoVP for MetaTrader 4 (EURUSD Only)
RenkoVP Demo is a limited version of the full RenkoVP indicator, designed exclusively for testing on the EURUSD symbol. This demo allows traders to explore the core features of RenkoVP—fully online, without the need for offline charts—while analyzing price structure with Renko bricks, volume profile, dynamic Fibonacci levels, and automatic pattern recognition.
📦 Renko Bricks – Manual & Auto Configuration
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Runs directly on the main chart—no offline chart required
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Manual mode: set brick size in pips or dollars
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Auto mode: adjusts brick size based on ATR and selected timeframe
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Timeframe selection available via a dedicated button in the indicator menu
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⚠️ Demo version works only on EURUSD
📈 Interactive Trend Line – Define Your Analysis Range
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Press the Trend button to draw a white line from the highest to lowest visible price
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The line is fully movable with your mouse—place it anywhere on the chart
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Activating the line unlocks two additional tools: Volume and Fibo
📊 Volume Profile – Renko-Based Volume Analysis
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Press the Volume button to display the volume profile for the selected range
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Volume is calculated based on Renko structure—not time-based candles
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Key volume levels shown:
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POC (Point of Control)
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VAH / VAL (Value Area High / Low)
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FVL / RVL (First / Recent Volume Levels)
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HVL / LVL (High / Low Volume Zones)
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DVL (Dynamic Volume Level)
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TVL (Total Volume in selected range)
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📐 Dynamic Fibonacci – Auto-Drawn & Editable
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Press the Fibo button to draw Fibonacci retracement levels based on the trend line
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All levels are fully editable—adjust percentages and appearance to match your strategy
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Ideal for identifying reversal zones and continuation setups within Renko structure
🔄 Zigzag & Pattern Recognition – Automated Structure Analysis
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Press the Zigzag button to activate Renko-based zigzag lines
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Use the + / – buttons to adjust zigzag sensitivity dynamically
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As zigzag updates, RenkoVP automatically detects and displays price patterns:
Recognized Patterns:
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Classic: Triangle, Wedge, Flag
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Harmonic: Bat, Butterfly, Shark, Cypher, Gartley, Crab
✅ What Makes RenkoVP Demo Unique?
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Fully online – no offline chart required
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Core features of RenkoVP available for testing
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Designed exclusively for EURUSD
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Ideal for structure-based traders looking to explore RenkoVP’s capabilities