Renko Atr Envelope Pro PlusMT4
- Indicatori
- Sumeyye Emine Karakas
- Versione: 1.210
- Attivazioni: 5
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:
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Trend following strategies
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Breakout confirmation
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Filtering false entries during choppy markets
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Visualizing volatility using ATR envelopes
Key Features
✅ Renko-Style Histogram (with gradient strength)
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Step-based histogram reflects Renko direction.
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Optional gradient coloring shows momentum strength (distance from Renko mid).
✅ ATR Trend Envelope (volatility adaptive)
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Upper/Lower envelope is calculated using ATR * multiplier.
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Helps identify trend phases and pullback zones.
✅ Trend Change Arrows
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Arrow appears only when the trend state changes.
✅ Alerts (Optional)
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Popup alert
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Push notification (MT4 terminal must be configured)
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Sound alert
✅ Non-Repainting
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Trend change signals and alerts are confirmed on closed candles (no repaint / no shifting).
Inputs / Parameters
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Renko brick size (InpSize): step size in points (e.g., 20–50 on Forex, higher on Gold/Crypto)
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ATR period (InpAtrPeriod): ATR smoothing (14 is a good default)
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ATR multiplier (InpDeviation): envelope width (1.2–2.0 typical)
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Gradient (InpGradientOn, InpGradPower): enable/adjust histogram strength effect
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Fill band (InpFillOn, InpFillAlpha): background trend band and transparency
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Alerts (InpAlertPopup, InpAlertPush, InpAlertSound, InpSoundFile): enable desired notifications
Recommended Settings
Forex (M15–H1)
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InpSize: 20–40
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InpAtrPeriod: 14
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InpDeviation: 1.3–1.8
Gold / Indices
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InpSize: 80–200 (depends on symbol digits and volatility)
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InpAtrPeriod: 14–21
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InpDeviation: 1.5–2.2
Crypto
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InpSize: 100–500+
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InpAtrPeriod: 14–21
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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
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Works on any symbol and timeframe.
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Signals are generated on closed candles to avoid repainting.
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Push notifications require MetaTrader 4 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.
