Handy Renko Chart

  • Utilitaires
  • Handy Ban
    Handy Ban

    Handy Ban

    5 (2)
    Hello and Welcome!
    I’m an enterprise system developer who discovered a passion for forex trading in 2020. I specialize almost exclusively in Gold (XAUUSD) because its dynamic, high-movement trends provide incredible opportunities for the right strategies.
    14 produits
  • Version: 1.30

This indicator creates a Renko-based custom symbol in MetaTrader 5.

Renko charts are built using price movement only, not time, making them useful for analyzing trends and filtering noise.

Features

  • Customizable brick size in points.

  • Option to calculate brick size using ATR (adaptive).

  • Ability to show or hide wicks.

  • Creates and updates a custom Renko chart symbol.

  • Automatically opens the chart window (optional).

  • Maintains a limited bar history for performance.

Inputs

  • BrickSizePoints – brick size in points.

  • UseATR, ATRPeriod, ATRMultiplier – ATR-based brick calculation.

  • UseWicks – enable/disable wick display.

  • OfflinePrefix – prefix for the generated Renko symbol.

  • OpenOfflineChart – open chart window automatically.

  • MaxBarsToKeep – maximum bars to store in history.

Usage

  1. Open an M1 chart of the symbol you want to convert.

  2. Attach the indicator to the chart.

  3. A new symbol will appear in Market Watch (e.g. RENKO_EURUSD_100 ).

  4. Open the Renko chart (it can also open automatically).

  5. Apply any indicators or Expert Advisors to the Renko chart for further analysis.

Notes

  • This tool only generates charts.

  • It does not open, close, or manage trades.

  • Intended for chart analysis or as a base for strategy development.

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Rashed Samir
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