Handy Renko Chart
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
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Customizable brick size in points.
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Option to calculate brick size using ATR (adaptive).
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Ability to show or hide wicks.
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Creates and updates a custom Renko chart symbol.
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Automatically opens the chart window (optional).
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Maintains a limited bar history for performance.
Inputs
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BrickSizePoints – brick size in points.
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UseATR, ATRPeriod, ATRMultiplier – ATR-based brick calculation.
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UseWicks – enable/disable wick display.
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OfflinePrefix – prefix for the generated Renko symbol.
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OpenOfflineChart – open chart window automatically.
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MaxBarsToKeep – maximum bars to store in history.
Usage
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Open an M1 chart of the symbol you want to convert.
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Attach the indicator to the chart.
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A new symbol will appear in Market Watch (e.g. RENKO_EURUSD_100 ).
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Open the Renko chart (it can also open automatically).
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Apply any indicators or Expert Advisors to the Renko chart for further analysis.
Notes
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This tool only generates charts.
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It does not open, close, or manage trades.
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Intended for chart analysis or as a base for strategy development.
