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Renko chart generator

4.83

Professional renko charting on a custom symbol chart

  • accurate pricing to the tick 
  • accurate timeline (no future date projections)
  • every renko variation in a single package
  • very responsive charts
  • optional display of live trade levels on the chart


An Expert Advisor (EA) used to create custom Renko charts and provide real-time updates. This is an MT4 "offline" chart equivalent which is very simple to use. All historical renkos are constructed using real tick data from the broker's server.

You can attach any MT5 compatible indicator or template to the renko chart and perform your technical analysis.

The EA enables creating custom live charts resembling Median Renko, Mean Renko, Turbo Renko, and Better Renko candles as well as Vanilla Renko and Renko with wicks, PointO charts and many more such as UniRenko (search google for UniRenko to UltimateRenko settings converter).


The settings include

  • Renko body size - Defines the size of the candle body.
  • Renko body calculation mode - ( pips / ticks/ points / ATR % / % )
  • Presets (sets 3 values below): Presets for creating several commonly utilized charting types: Renko / Median Renko / PointO / Turbo Renko / Hybrid Renko
  • Open offset % (0 to ..) - offsets the new trending bar's open value back by % or the defined candle body size (see screenshot)
  • Reversal Open offset % (0 to ..) - offsets the new reversal bar's open value back by % or the defined candle body size (see screenshot)
  • Reversal bar size % (0 to ..) - sets the size of the reversal bar as a  % or the defined candle body size (see screenshot)
  • Show wicks (yes/no) - Candlewick visibility setting.
  • Show history for a number of days (0 to...)
  • Show history starting from date/time
  • ATR timeframe setting - for renko body size calculation based on percentage of the ATR indicator calculation on the selected timeframe.
  • ATR period (1 to...) - ATR indicator's period setting for renko body size calculation based on percentage of the ATR indicator.
  • Use a percentage of daily ATR (1 to 100) - The percentage of the calculated value to use.
  • Apply offset to first Renko (yes/no) - Setting used to synchronize the open of the first renko candle based on the offset parameter (below)
  • Offset value (0 to 100)
  • Synchronize first bar's open on a new day (yes/no) - Synchronize the first candle's open price with the open price of the daily candle.
  • Override default custom chart name with (chart name)
  • Apply template to custom chart - (the user-defined template that will be applied to the renko chart. If you have a "default" template saved, this will be applied by default).
  • Create chart for backtesting only (yes/no)
  • Show trade levels on chart (yes/no)

NOTE: Custom symbols on MT5 are not directly tradable. This is by Metatrader5 design. If you want to place trades directly on the custom symbol generated by this product, you will either need a trade panel that offers this functionality or you will need to place trades on the tradable symbol that is used to create the custom chart. Alternatively, you can purchase the indicator version of this charting tool where you can place trades directly on the custom chart.


Avis 9
ilya_pr
34
ilya_pr 2024.02.18 23:21 
 

Great utility! Thank you!

Tyler Sanchez
528
Tyler Sanchez 2022.09.27 19:07 
 

The generator is very useful thanks for the development Artur

Sanbach21
208
Sanbach21 2022.04.27 16:49 
 

It is Great job Artur , excellent !!!

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Filtrer:
ilya_pr
34
ilya_pr 2024.02.18 23:21 
 

Great utility! Thank you!

Tyler Sanchez
528
Tyler Sanchez 2022.09.27 19:07 
 

The generator is very useful thanks for the development Artur

Sanbach21
208
Sanbach21 2022.04.27 16:49 
 

It is Great job Artur , excellent !!!

stevefer50
19
stevefer50 2020.12.13 17:45 
 

I cannot trade on the charts that I have it loaded on. Can't open one click trading or use the right click to trade. Guess I will have to figure this out.

John Estrada
68
John Estrada 2020.11.17 13:31 
 

Works as described with great support from dev

robertos1976
54
robertos1976 2020.09.26 09:04 
 

L'utilisateur n'a laissé aucun commentaire sur la note

eliseexige
2057
eliseexige 2020.09.23 16:18 
 

after multiple attempts during live markets, this is just like the rest of Artur's products. It will freeze, it will refresh the data and screw up custom indicators, and it will cost you because of it. I'd give this a 0 or negative star rating if it were possible. AVOID if you are a serious trader and need stability in fast markets, because you won't get it here. EDIT 2: Artur is working with me on all products to solve issues and I have adjusted the feedback accordingly.

niel phan
35
niel phan 2020.05.21 01:10 
 

The indicators that plotted on the renko chart kept turning on and off likes Christmas light. Hope for a FIX so I can rate truly this potential great indicator.

Henrique Sameshima De Souza
163
Henrique Sameshima De Souza 2020.03.16 20:56 
 

It works very well, great JOB.

Répondre à l'avis
Version 2.10 2021.06.30
Bugfix for %ATR setting
Version 2.9 2021.06.29
Added optional history starting point definition via date/time
Version 2.8 2021.05.17
Added an optional display of live trade levels on the chart.
Version 2.7 2021.05.10
Added new dynamic renko body size algorithm (price % as used on Definedge TradePoint);
Optimized indicator inputs.
Version 2.6 2021.04.28
Optimization
Version 2.5 2021.04.08
Compatibility fixes for long symbol names
Rearranged EA setings into groups
Version 2.3 2020.06.30
Added input for toggling ON/OFF faster chart refresh parameter;
Added option for building a renko chart for backtesting purposes only.
Version 2.2 2020.06.16
Recompiled for better compatibility with the latest MT5 builds
Version 2.1 2020.03.17
Fixed missing bars on rapid price spikes
Chart refresh rate improvement on extremely fast-moving charts (very small renko boxes).
Version 2.0 2020.03.10
Renko body size is now denoted in "ticks"
Updated the tick data engine
Changed time resolution to "seconds" (improves timescale resolution)
Numerous bug fixes
Version 1.23 2019.06.05
Fixed compatibility issue with the latest MT5 build
Version 1.22 2019.04.23
Bug fix + stability improvements
Version 1.21 2019.04.11
Bug fix and code cleanup
Version 1.20 2019.04.05
Bug fix + optimization
Version 1.19 2019.04.04
Reverted back to v1.16/1.17 due to bug in 1.18
Version 1.18 2019.03.27
Bug fixes and code maintenance
Version 1.17 2018.12.19
Bug fix & maintenance update
Version 1.16 2018.12.13
Added: Presets for the most common chart types (Renko, Median Renko, PointO, etc…)
Breaking change: Retracement factor & Symmetry toggle settings have been replaced with:
Open offset % (0 to ..)
Reversal Open offset % (0 to ..)
Reversal bar size % (0 to ..)
Version 1.15 2018.11.22
Maintenance release
Version 1.12 2018.07.09
Added "Apply template to custom chart" setting
Bug fixes
Version 1.11 2018.06.28
Bugfix: Fixed problem with BM&FBovespa
Version 1.10 2018.05.24
Added option to override the default custom chart name with a user-defined value