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RenkoChart EA

4

The RenkoChart tool presents an innovative and highly flexible approach to visualizing market data in MetaTrader 5.

This expert creates a custom symbol with Renko bricks directly on the chart, displaying accurate prices at the respective opening date/time for each brick. This feature makes it possible to apply any indicator to the Renko chart.

Furthermore, this tool also allows access to historical brick data through native methods in the MQL5 programming language, such as iOpen, iHigh, iLow and iClose, for example.


Note:

  • The renko generated at expert startup offers up to 95% accuracy for small renkos (5R) and 100% accuracy for larger renkos (from 10R) when compared to other platforms such as TradingVIEW.
  • During trading hours, the renko generated has 100% accuracy, as it uses trading ticks received from the platform in real time as a data source.
  • The time required to generate the Renko chart when starting the expert varies depending on some factors: number of bars on the 1-minute chart, and the size of the brick. For bricks smaller than 5R, it often takes a few seconds or minutes, while for larger bricks, the graph is generated almost instantly.


Input Parameters:

  • Type (Ticks, Pips, Points or R. Default is Ticks)
  • Size (default is 20)
  • Show Wicks (default is true)
  • Timer to update the chart (in milliseconds)










Recensioni 1
Herb Wenzel
153
Herb Wenzel 2024.03.21 17:41 
 

Whether your familiar with Renko charts or not this is a MUST have utility. Renko charts filter out the noise, clearly show support and resistance levels and make price patterns obvious. Unfortunately no developers allow the addition of indicators to Renko charts. This utility solves that issue. I’ve significantly increased my weekly ROI using this utility! Its only weakness is that neither quick trade buttons or trade levels appear on the chart. You need to use a conventional chart for that.

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50% Off Today Only! Price Goes Back Up at 11 PM (EST) Marketkeys Trade Manager EA for MT5: Your Pathway to Forex Trading Mastery What Traders Are Saying: "Much better than lots of other trade managers I've tested..." – R Vdr "Saves me time from manually calculating lots sizes and risks...amazing support." – Richard Obi Efficiency and precision are paramount in Forex trading. Marketkeys Trade Manager EA for MT5 offers just that - a seamless interface combined with robust risk management tools
ManHedger MT5
Peter Mueller
5 (3)
THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT. Manual & Test Version Please DON'T BUY this product before testing or watching my video about it. Contact me for user support & advices! If you've bought this EA, you are entitled to a gift!! MT4 Version  With this Expert Advisor, you can: Implement your own Zone Recovery strategy to capitalize on trending markets. Create Grid trading strategies, to profit from ranging markets. Place orders easily and clearly. Display your trades/strategies on the
Uber Trade Manager
MDevaus Oy
5 (16)
UTM Manager è uno strumento intuitivo e facile da usare che offre un'esecuzione delle negoziazioni rapida ed efficiente. Una delle caratteristiche distintive è la modalità "Ignora spread", che ti consente di fare trading al prezzo delle candele, ignorando completamente gli spread (ad esempio, consente di scambiare coppie di spread più elevate su LTF, evitando di essere esclusi dalle negoziazioni a causa dello spread). Un altro aspetto chiave di UTM Manager è il suo copiatore commerciale locale u
Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-u
T Manager Plus, the ultimate trade management solution designed by traders for traders. If you are searching for a simple and efficient trade panel, trade manager, or trade assistant, you are at the right place. T Manager Plus includes advanced charting utilities with a single goal to help traders analyze, plan, execute, and manage their trades on a single platform. The market contains a diverse number of those tools, but   this one is designed by traders for traders . I designed this tool, an
Altri dall’autore
Color Donchian Channel
Paulo Henrique Da Silva
This indicator draws the Donchian Channel, filling the background with colors. The color of the middle line is changed following the current trend, based on the standard interpretation of the Donchian Channel. Input Parameters: Period of the Channel   (default is 20) Validate Signals   (boolean value to filter out false breakouts, default is false) Background Settings Show Background   (default is true) U ptrend Color (default is DodgerBlue ) Downtrend Color (default is Orchid) Background Tr
FREE
Candle Colors
Paulo Henrique Da Silva
The Color Candles Indicator uses custom colors to highlight candles that follow the main market trend, based on the Moving Average. This simplifies the analysis of price movements, making it clearer and more direct. When the price is above the rising Moving Average, candles are highlighted indicating a BUY opportunity. When the price is below the declining Moving Average, candles are highlighted indicating a SELL opportunity. Input Parameters : Period Method Applied Price The moving avera
FREE
Color SAR
Paulo Henrique Da Silva
This indicator draws the Parabolic SAR. Top and bottom lines with customizable colors. With an additional parameter called “Validate Signals”, which identifies false breakouts and changes the color of the line to gray. Input Parameters: Step ( default is 0.02 ) Maximum   ( default is 0.2 ) Applied Price High  ( default is High price) Applied Price Low  (default is Low price) Validate Signals   (boolean value to filter out false breakouts, default is true)
FREE
Timeframe On Chart
Paulo Henrique Da Silva
A simple indicator/tool to display the current timeframe in the center of the chart. The object is automatically moved to the center of the chart whenever the chart size is changed by the user. Input  Parameters : Font (default is Arial Black) Font Size (default is 50) Font Color (default is Silver, for light theme graphics, change to black or another dark color) Font Transparency (default is 90%)
FREE
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Herb Wenzel
153
Herb Wenzel 2024.03.21 17:41 
 

Whether your familiar with Renko charts or not this is a MUST have utility. Renko charts filter out the noise, clearly show support and resistance levels and make price patterns obvious. Unfortunately no developers allow the addition of indicators to Renko charts. This utility solves that issue. I’ve significantly increased my weekly ROI using this utility! Its only weakness is that neither quick trade buttons or trade levels appear on the chart. You need to use a conventional chart for that.

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