RenkoMacdSignals

The indicator displays renko bars on a chart, use them to plot MACD histogram and provides buy/sell signals:

• signal of MACD histogram crossing its signal line;
• signal of MACD histogram crossing the line 0.

Renko is a non-trivial price display method. Instead of displaying each bar within a time interval, only the bars where the price moved a certain number of points are shown. Renko bars do not depend on a time interval, therefore the indicator works on any timeframe without losing its efficiency.

Buy/sell signals are passed to the indicator buffers and can be used in the automated trading. Signal 1 shows the histogram crossing the signal line, while signal 2 displays the histogram crossing the level 0.

Apart from signals on a chart, the indicator features pop-up, e-mail and push notifications.

Parameters

void OnChartEvent(const int id, const long &lparam, const double &dparam, const string &sparam) {
 switch (id) {
  case CHARTEVENT_CUSTOM+100: 
  case CHARTEVENT_CUSTOM+101: 
   goBuy(); break;
  case CHARTEVENT_CUSTOM+102: 
  case CHARTEVENT_CUSTOM+103: 
   goSell(); break;
 }
}

void goBuy() { // function for open BUY
}

void goSell() { // function for open SELL
}