Renko Atr Envelope Pro PlusMT5

Renko + ATR Trend Envelope PRO+ (Non-Repainting)

Renko + ATR Trend Envelope PRO+ is a clean trend-filter indicator that combines a Renko-style step histogram with an ATR-based trend envelope. It highlights trend direction, volatility expansion/contraction and trend reversals with arrows and optional alerts.

This tool is ideal for:

  • Trend following strategies

  • Breakout confirmation

  • Filtering false entries during choppy markets

  • Visualizing volatility using ATR envelopes

Key Features

✅ Renko-Style Histogram (with gradient strength)

  • Step-based histogram reflects Renko direction.

  • Optional gradient coloring shows momentum strength (distance from Renko mid).

✅ ATR Trend Envelope (volatility adaptive)

  • Upper/Lower envelope is calculated using ATR * multiplier.

  • Helps identify trend phases and pullback zones.

✅ Trend Change Arrows

  • Arrow appears only when the trend state changes.

✅ Alerts (Optional)

  • Popup alert

  • Push notification (MT5 terminal must be configured)

  • Sound alert

✅ Non-Repainting

  • Trend change signals and alerts are confirmed on closed candles (no repaint / no shifting).

Inputs / Parameters

  • Renko brick size (InpSize): step size in points (e.g., 20–50 on Forex, higher on Gold/Crypto)

  • ATR period (InpAtrPeriod): ATR smoothing (14 is a good default)

  • ATR multiplier (InpDeviation): envelope width (1.2–2.0 typical)

  • Gradient (InpGradientOn, InpGradPower): enable/adjust histogram strength effect

  • Fill band (InpFillOn, InpFillAlpha): background trend band and transparency

  • Alerts (InpAlertPopup, InpAlertPush, InpAlertSound, InpSoundFile): enable desired notifications

Recommended Settings

Forex (M15–H1)

  • InpSize: 20–40

  • InpAtrPeriod: 14

  • InpDeviation: 1.3–1.8

Gold / Indices

  • InpSize: 80–200 (depends on symbol digits and volatility)

  • InpAtrPeriod: 14–21

  • InpDeviation: 1.5–2.2

Crypto

  • InpSize: 100–500+

  • InpAtrPeriod: 14–21

  • InpDeviation: 1.6–2.5

Tip: If you see too many reversals, increase InpDeviation. If signals are too slow, decrease InpDeviation or reduce InpAtrPeriod.

Important Notes

  • Works on any symbol and timeframe.

  • Signals are generated on closed candles to avoid repainting.

  • Push notifications require MetaTrader 5 notifications to be enabled in terminal settings.

Disclaimer

This indicator is an analytical tool and does not provide financial advice. Trading involves risk. Always test on a demo account before using real funds.


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